Exhibit 28-3 Alternate Outputs from One Day's Labor Input

question 43

Multiple Choice

Exhibit 28-3 Alternate Outputs from One Day's Labor Input:
United States: 12 bushels of wheat or 3 yards of textiles.
Great Britain: 3 bushels of wheat or 12 yards of textiles.
Refer to Exhibit 28-3.From the data above,the United States

• A) has an absolute advantage over Great Britain in the production of textiles.
• B) has an absolute advantage over Great Britain in the production of wheat.
• C) has a comparative advantage in the production of textiles
• D) should export textiles to Great Britain.

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Definitions:

Holland Scales

A theory and assessment tool that categorizes vocational interests into six types to help individuals identify suitable career paths.

Big Five Dimension

A model that outlines five major dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Holland's RIASEC

A theory of careers and vocational choice based upon personality types, with the six types being Realistic, Investigative, Artistic, Social, Enterprising, and Conventional.

Career Type

Refers to the various classifications of occupations based on similar job duties, industries, and interests.