Michael Can Produce the Following Combinations of X and Y

question 15

Multiple Choice

Michael can produce the following combinations of X and Y: 10X and 10Y,5X and 15Y,and 0X and 20Y.Vernon can produce the following combinations of X and Y: 100X and 20Y,50X and 30Y,or 0X and 40Y.It follows that

• A) Michael has the comparative advantage in producing X and Vernon has the comparative advantage in producing Y.
• B) Michael has the comparative advantage in producing Y and Vernon has the comparative advantage in producing X.
• C) Neither Michael nor Vernon has a comparative advantage in producing X.
• D) Neither Michael nor Vernon has a comparative advantage in producing Y.
• E) There is not enough information to answer the question.

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Definitions:

Systematic Desensitization

A behavioral therapy technique used to reduce anxiety and fear responses through gradual exposure to the feared object or situation.

Hierarchy

A hierarchy is a system or organization in which people or groups are ranked one above the other according to status or authority.

Fears

Emotional responses to perceived threats, which can be instinctive or learned through experiences.

Token Economies

A behavior modification system that uses tokens as reinforcement for desired behaviors, which can be exchanged for rewards.