Suppose an American Worker Can Make 50 Pairs of Gloves

question 29

Multiple Choice

Suppose an American worker can make 50 pairs of gloves or grow 300 radishes per day.On the other hand,a Bangladeshi worker 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? The United States:

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

---

Definitions:

Vivid Vision

A clear and detailed description of what a business or project aims to achieve in the future, crafted to inspire and guide stakeholders.

Market Research Study

A systematic investigation conducted to gather data and insights about consumers' preferences, behaviors, and the competitive landscape to inform business decisions.

Pitch Decks

A presentation used by entrepreneurs to give a brief overview of their business plan, often during fundraising.

Time-Consuming

Describes a process or task that requires a considerable amount or length of time to complete.