Table 3-3 Assume That Zimbabwe and Portugal Can Switch Between Producing Toothbrushes

question 188

Multiple Choice

Table 3-3
Assume that Zimbabwe and Portugal can switch between producing toothbrushes and producing hairbrushes at a constant rate.

-Refer to Table 3-3.Portugal has an absolute advantage in the production of

• A) toothbrushes and a comparative advantage in the production of toothbrushes.
• B) toothbrushes and a comparative advantage in the production of hairbrushes.
• C) hairbrushes and a comparative advantage in the production of toothbrushes.
• D) hairbrushes and a comparative advantage in the production of hairbrushes.

---

Definitions:

Overestimation

The cognitive bias of assessing a quantity or quality as being larger, greater, or more important than it actually is.

Category

A general concept that classifies items, concepts, or ideas that share common characteristics.

Depersonalisation

The perception and treatment of self and others not as unique individual persons but as prototypical embodiments of a social group.

Ingroup Prototype

The most representative or ideal example of the characteristics and behaviors of an ingroup, serving as a standard or model for group members.