Figure 3-5 These Graphs Illustrate the Production Possibilities Available for Dancing Shoes

question 146

Multiple Choice

Figure 3-5
These graphs illustrate the production possibilities available for dancing shoes to Fred and Ginger with 40 hours of labour.
-Refer to Figure 3-5. Who has a comparative or absolute advantage in what product?

• A) Ginger has an absolute advantage in tap shoes, and Fred has a comparative advantage in ballet slippers.
• B) Ginger has an absolute advantage in both goods, and Fred has a comparative advantage in neither good.
• C) Ginger has an absolute advantage in ballet slippers, and Fred has a comparative advantage in tap shoes.
• D) Ginger has an absolute advantage in neither good, and Fred has a comparative advantage in both goods.

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Definitions:

Social Identities

Aspects of an individual's self-concept derived from their perceived membership in social groups such as nationality, ethnicity, gender, and social class.

Superordinate Goals

Shared goals that necessitate cooperative effort; goals that transcend individual differences and can only be achieved by working together.

Implicit Attitudes

Unconscious beliefs or feelings that may influence a person's behavior and understanding.

Scapegoat Theory

The theory that prejudice offers an outlet for anger by providing someone to blame.