Use the Following to Answer Question(s): Production Possibilities in Alphaland

question 11

Multiple Choice

Use the following to answer question(s) : Production Possibilities in Alphaland and Omegaland

-(Exhibit: Production Possibilities in Alphaland and Omegaland) At the points where they are producing (A and A', respectively) , Alphaland has a(n) _______ in producing _______ and Omegaland has a _______ in producing _______.

• A) absolute advantage; computers; comparative advantage; cars
• B) comparative advantage; cars; comparative advantage; computers
• C) comparative advantage; computers; comparative advantage; cars
• D) comparative advantage; computers; absolute advantage; cars

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Definitions:

Information-processing Style

Describes an individual's preferred method of gathering, analyzing, and interpreting information to make decisions.

Logical

Pertaining to the formal principles of reasoning, characterized by clear and consistent thought processes guided by rules of valid inference.

Intuitive

Pertaining to using or based on what one feels to be true even without conscious reasoning; instinctive.

Programmed Decisions

Decision-making processes that are routine and repetitive, often automated or guided by established policies and procedures.