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Table 2.5 Table 2.5 Shows the Output Per Month of Two People

question 74

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Table 2.5
Table 2.5     Table 2.5 shows the output per month of two people, Fred and Barney. They can either devote their time to making pogo sticks or making unicycles. -Refer to Table 2.5. Which of the following statements is true? A) Fred has a comparative advantage in making both products. B) Barney has a comparative advantage in making both products. C) Barney has a comparative advantage in making pogo sticks and Fred in making unicycles. D) Barney has a comparative advantage in making unicycles and Fred in making pogo sticks.
Table 2.5 shows the output per month of two people, Fred and Barney. They can either devote their time to making pogo sticks or making unicycles.
-Refer to Table 2.5. Which of the following statements is true?


Definitions:

Democrats

A member or supporter of the Democratic Party, one of the two major political parties in the United States, known for its liberal policies.

T-test

A statistical test used to compare the means of two groups and determine if they are significantly different from each other.

F-ratio

A statistic used to compare the variances between groups in an ANOVA test to determine if the groups come from populations with different variances.

Differences

Variations or distinct disparities between two or more entities, values, or conditions.

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