Figure 16-1 Number of Workers Needed to Produce One Unit of Each

question 79

Multiple Choice

Figure 16-1
Number of workers needed to produce one unit of each of the following goods:

-What can be said regarding absolute advantage in production for the two countries shown in Figure 16-1?

• A)Colombia has an absolute advantage in producing both calculators and radios.
• B)Korea has an absolute advantage only in producing calculators.
• C)Korea has an absolute advantage in producing both radios and calculators.
• D)Neither country has an absolute advantage in producing radios.
• E)Colombia has an absolute advantage only in producing calculators.

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Definitions:

Disposition

An individual's inherent qualities of mind and character.

Naïve Scientist

A theory suggesting individuals attempt to understand the social world using logical processes akin to those used by scientists, albeit in a simplified, "naïve" manner.

Intuitive Scientist

A concept suggesting that individuals use informal methods akin to scientific reasoning to understand and predict others' behaviors.

Scientific Methods

A systematic and logical approach to acquiring knowledge that involves observation, experimentation, and data analysis.