Suppose Jim and Tom Can Both Produce Baseball Bats

question 93

Multiple Choice

Suppose Jim and Tom can both produce baseball bats.If Jim's opportunity cost of producing baseball bats is lower than Tom's opportunity cost of producing baseball bats,then

• A)Tom must have an absolute advantage in the production of baseball bats.
• B)Jim must have an absolute advantage in the production of baseball bats.
• C)Tom has a comparative advantage in the production of baseball bats.
• D)Jim has a comparative advantage in the production of baseball bats.

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Definitions:

Humanistic

A psychological perspective emphasizing individual potential for growth and the importance of human values, empathy, and the pursuit of meaning.

Rogers

Refers to Carl Rogers, an influential American psychologist and among the founders of the humanistic approach to psychology, best known for creating client-centered therapy.

Psychologists

Professionals specialized in the study of the mind and behavior, often working in areas such as clinical practice, research, education, and consultancy.

Inborn Potential

The natural abilities or capacities that an individual is born with, which can be developed or realized through experience and learning.