Suppose an American Worker Can Make 50 Pairs of Gloves

question 46

Multiple Choice

Suppose an American worker can make 50 pairs of gloves or grow 300 radishes per day.A Bangladeshi worker,on the other hand,can produce 100 pairs of gloves or grow 200 radishes per day.Using the concept of absolute advantage,which of the following statements is true?

• A)The United States has the absolute advantage in the production of both gloves and radishes.
• B)The United States does not have the absolute advantage in the production of either gloves or radishes.
• C)The United States has the absolute advantage in the production of gloves,but not radishes.
• D)The United States has the absolute advantage in the production of radishes,but not gloves.

Recognize the basic unit of chemical elements and their significance in biology.

Understand the role of homeostasis in regulating biological processes.

Familiarize with the major themes and concepts in biology including cellular composition, evolution, and information transmission.

Understand the organizational hierarchy within living organisms from cells to organs.

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Definitions:

Employee Commitment

The level of loyalty and dedication an employee feels towards their organization.

Employee Stock Plans

Programs offered by companies allowing employees to purchase shares of the company's stock, often at a discounted rate, as part of their compensation package.

Organizational Performance

A measure of how effectively an organization meets its goals and objectives, often evaluated through financial results, output, and efficiency metrics.

Cash Flow

The total amount of money being transferred into and out of a business, especially affecting liquidity.