Suppose an American Worker Can Make 50 Pairs of Gloves

question 15

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 concepts of advantage and trade,we can say that:

• A)the opportunity cost of one pair of gloves is lower for the United States than Bangladesh,therefore the United States has a comparative advantage in glove production.
• B)the opportunity cost of one pair of gloves is higher for the United States than Bangladesh,therefore the United States has a comparative advantage in radish production.
• C)the opportunity cost of one pair of gloves is the same for both the United States and Bangladesh,therefore no comparative advantage exists.
• D)the opportunity cost of one pair of gloves is the same for both the United States and Bangladesh,therefore they both have the comparative advantage in glove production.

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Definitions:

Cognitive Development

The process of growth and change in intellectual capabilities such as thinking, reasoning, problem-solving, and understanding, often studied in children.

Physical Development

The biological growth and change in the body, especially during childhood and adolescence, including factors such as motor skills and puberty.

Erik Erikson's Theory

A developmental theory that outlines eight stages of psychosocial development from infancy to old age, emphasizing the impact of social experience across the lifespan.

Elementary School-age

Refers to children typically between the ages of 5 and 11, who are in the developmental stage attending primary or elementary education.