Table 2-11 Table 2-11 Shows the Number of Labor Hours Required to of Labor

question 133

Multiple Choice

Table 2-11

Table 2-11 shows the number of labor hours required to produce a motorcycle and a guitar in Ireland and Scotland.
-Refer to Table 2-11.If the two countries specialize and trade, who should export guitars?

• A)There is no basis for trade between the two countries.
• B)Ireland
• C)Scotland
• D)They should both be exporting guitars.

---

Definitions:

Ayn Rand

A 20th-century Russian-American writer and philosopher best known for her philosophy of Objectivism and her novels "Atlas Shrugged" and "The Fountainhead."

Ethical Egoism

The thesis that people ought to act in their own self-interest.

Goldilocks Test

A metaphorical term used to describe a condition, situation, or decision that is 'just right', balancing all considerations optimally; derived from the Goldilocks and the Three Bears fairy tale.

Aristotle

An ancient Greek philosopher and scientist, one of the most important founding figures in Western philosophy, known for his comprehensive work that covered many subjects including metaphysics, ethics, logic, and biology.