Table 9-10
Table 9-10 shows the output per week for pens and pencils by Tran and Farah.
-Refer to Table 9-10.
a. Which person has an absolute advantage in the production of pens? pencils?
b. Which person has a comparative advantage in the production of pens?
c. Which person has a comparative advantage in the production of pencils?
Definitions:
Autonomous Thinking
Independent thinking that is not influenced by others' opinions or beliefs; self-directed reasoning.
Heteronomous Thinking
A stage in cognitive development where children believe that rules are unchangeable and given by authority, typically associated with Jean Piaget's moral development stages.
Preconventional Moral Thought
The first stage in Kohlberg's theory of moral development, where behavior is influenced by the consequences of actions, including punishment and reward.
Immanent Justice
Piaget’s concept of the childhood expectation that if a rule is broken, punishment will be meted out immediately.
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