Table 2-20 Table 2-20 Shows the Number of Labor Hours

question 46

Multiple Choice

Table 2-20
Table 2-20 shows the number of labor hours required to produce a wristwatch and a pound of rice in Japan and Thailand.
-Refer to Table 2-20. Does either Japan or Thailand have an absolute advantage and if so, in what product?

• A) Thailand has an absolute advantage in rice.
• B) Japan has an absolute advantage in rice.
• C) Thailand has an absolute advantage in both products.
• D) Japan has an absolute advantage in wristwatches.

---

Definitions:

Depression

A mental disorder manifested by a chronic sense of despair or indifference towards hobbies, seriously impeding daily undertakings.

Fragmentation

The process or state of breaking or being broken into small or separate parts.

Thought Processes

The mental operations involved in cognitive activities such as decision-making, problem-solving, and reasoning.

Psychological Disorder

A disorder of the mind involving thoughts, behaviors, and emotions that cause either significant distress or impairment in social, occupational, or other important areas of functioning.