Table 2-9 Table 2-9 Shows the Number of Labor Hours Required to of Labor

question 153

Multiple Choice

Table 2-9

Table 2-9 shows the number of labor hours required to produce a canoe and a sailboat in Guatemala and Honduras.
-Refer to Table 2-9.Does either Guatemala or Honduras have an absolute advantage and if so, in what product?

• A)Guatemala only has an absolute advantage in producing canoes.
• B)Honduras only has an absolute advantage in producing canoes.
• C)Guatemala has an absolute advantage in producing both products.
• D)Honduras only has an absolute advantage in producing sailboats.

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Definitions:

One-Way Communication

A form of communication where information flows from the sender to the receiver without expecting or receiving any feedback or response.

Leader-Member Exchange

A theory that focuses on the relationship between leaders and their subordinates, proposing that the quality of these relationships affects outcomes like performance and satisfaction.

Mutual Trust

A psychological state comprising the intention to accept vulnerability based on positive expectations of the intentions or behavior of another.

Respect

A feeling of deep admiration for someone or something elicited by their abilities, qualities, or achievements.