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Table 2.8 Table 2.8 Shows the Number of Labour Hours Required to of Labour

question 110

Multiple Choice

Table 2.8
Table 2.8     Table 2.8 shows the number of labour hours required to produce a motorcycle and a guitar in Ireland and Scotland. -Refer to Table 2.8. Does either Ireland or Scotland have an absolute advantage and if so, in what product? A) Scotland only has an absolute advantage in guitars. B) Ireland only has an absolute advantage in guitars. C) Scotland has an absolute advantage in both products. D) Ireland only has an absolute advantage in motorcycles.
Table 2.8 shows the number of labour hours required to produce a motorcycle and a guitar in Ireland and Scotland.
-Refer to Table 2.8. Does either Ireland or Scotland have an absolute advantage and if so, in what product?

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Definitions:

Mean

In statistics, it refers to the average value in a set of numbers, calculated by dividing the sum of all values by the number of values.

Scatterplot

A graphical representation displaying the relationship between two quantitative variables.

Correlated

A term indicating a statistically significant relationship between two or more variables, implying that changes in one are associated with changes in the other.

Random Samples

A sampling technique where each member of a population has an equal chance of being included, allowing for unbiased statistical analysis.

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