Table 3-6 Assume That Maya and Miguel Can Switch Between Producing Mixers

question 103

Multiple Choice

Table 3-6
Assume that Maya and Miguel can switch between producing mixers and producing toasters at a constant rate.

-Refer to Table 3-6.Miguel has an absolute advantage in the production of

• A) both goods and a comparative advantage in the production of mixers.
• B) both goods and a comparative advantage in the production of toasters.
• C) neither good and a comparative advantage in the production of mixers.
• D) neither good and a comparative advantage in the production of toasters.

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Definitions:

National-Average Poverty Rates

The proportion of the population that lives below the poverty line, averaged across a nation, indicating the level of economic hardship and inequality.

Hispanics

A demographic group in the United States and other countries, often characterized by a heritage, language, or culture related to Spain or Spanish-speaking Latin American countries.

Foreign-Born Noncitizens

Foreign-born noncitizens are individuals born outside of a given country who have not acquired citizenship by naturalization within that country.

Income Inequality

The uneven distribution of income within a population, where some individuals earn significantly more than others.