The Table Given Below Represents Butter and Ham Production by Two

question 49

Multiple Choice

The table given below represents butter and ham production by two countries Norway and Sweden.Table 2.5

-A world-renowned brain surgeon can type twice as fast as her secretarial assistant. Which of the following statements is true in this situation?

• A)The secretary has an absolute advantage in typing.
• B)The surgeon should do her own typing to save money.
• C)The surgeon should fire the assistant and work weekends and evenings to stay up on her typing.
• D)The surgeon should spend her time doing brain surgery and allow her secretary to do the typing because the secretary has a comparative advantage in typing.
• E)The surgeon should spend her time doing brain surgery and allow her secretary to do the typing because the surgeon has a comparative advantage in typing.

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Definitions:

Opportunities

Chances or situations that can lead to the advancement or progress in a person's career, business, or other aspects of life.

Dynamic Environment

An ever-changing and evolving setting or situation, often used to describe rapidly changing business or technological landscapes.

Cause-and-Effect Relationships

The principle that everything that happens (effect) is the result of a specific cause, used to assess the relationships between variables.

Open Systems

Systems that take inputs from the external environment, transform some of them, and send them back into the environment as outputs.