Table 2-12 -Refer to Table 2-12.This Table Shows the Number of Labor

question 75

Essay

Table 2-12

-Refer to Table 2-12.This table shows the number of labor hours required to produce a digital cameras and a bushel of wheat in China and South Korea.
a. Which country has an absolute advantage in the production of digital cameras?
b. Which country has an absolute advantage in the production of wheat?
c. What is China's opportunity cost of producing one digital camera?
d. What is South Korea's opportunity cost of producing one digital camera?
e. What is China's opportunity cost of producing one pound of wheat?
f. What is South Korea's opportunity cost of producing one pound of what?
g. If each country specializes in the production of the product in which it has a comparative advantage,who should produce digital cameras?
h. If each country specializes in the production of the product in which it has a comparative advantage,who should produce wheat?

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Definitions:

Animal Behavior

The study of the various actions and interactions of animals, including communication, feeding, mating, and movement patterns.

Stimuli

Stimuli are changes in the external or internal environment that evoke a response from organisms or individual cells.

Adaptations

Modifications or adjustments in structure, function, or behavior that make a species more suited to its environment.

Imprinting

(1) The expression of a gene based on its parental origin; also called genomic imprinting or parental imprinting. (2) A type of learning by which a young bird or mammal forms a strong social attachment to an individual (usually a parent) or object within a few hours after hatching or birth.