Table 2-30 -Refer to Table 2-30. This Table Shows the Number of Shows

question 458

Essay

Table 2-30

-Refer to Table 2-30. 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:

Discriminative Stimulus

A stimulus in operant conditioning that indicates the probability of consequence for a behavior; it signals whether reinforcement or punishment is likely to follow a specific response.

Reinforced

Strengthened or emphasized, often in the context of behavior strengthened by a reward in psychology.

Human Face

A unique feature of the front part of the head in humans that includes eyes, nose, mouth, and expressions.

Successive Approximations

A method in behavioral psychology where behaviors are gradually modified to achieve a desired behavior through small steps.