Table 2-10 -Refer to Table 2-10.This Table Shows the Number of Labor

question 15

Essay

Table 2-10

-Refer to Table 2-10.This table shows the number of labor hours required to produce a wristwatch and a bushel of rice in Japan and Thailand.
a.Which country has an absolute advantage in the production of wristwatches?
b.Which country has an absolute advantage in the production of rice?
c.What is Japan's opportunity cost of producing one wristwatch?
d.What is Thailand's opportunity cost of producing one wristwatch?
e.What is Japan's opportunity cost of producing one pound of rice?
f.What is Thailand's opportunity cost of producing one pound of rice?
g.If each country specializes in the production of the product in which it has a comparative advantage,who should produce wristwatches?
h.If each country specializes in the production of the product in which it has a comparative advantage,who should produce rice?

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Definitions:

Cognitive Revolution

A shift in psychology during the late 20th century, emphasizing research on how people think, understand, and remember information, moving away from behaviorism.

Structuralism

A theory in psychology that emphasizes analyzing the basic elements of consciousness to understand the mind's structure.

Behaviorism

A theory in psychology that asserts behavior can be understood and studied through observable actions without considering mental states or consciousness.

Psychological Disorders

Patterns of behavioral, cognitive, emotional, or physical symptoms that lead to distress, disability, or impaired functioning.