Figure 3-16 Hosne's Production Possibilities Frontier

question 21

Multiple Choice

Figure 3-16
Hosne's Production Possibilities Frontier
Merve's Production Possibilities Frontier
-Refer to Figure 3-16.Hosne has a comparative advantage in the production of

• A)purses and Merve has a comparative advantage in the production of wallets.
• B)wallets and Merve has a comparative advantage in the production of purses.
• C)both goods and Merve has a comparative advantage in the production of neither good.
• D)neither good and Merve has a comparative advantage in the production of both goods.

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Definitions:

Iris

The colored part of the eye surrounding the pupil, controlling the amount of light that enters the eye by adjusting the size of the pupil.

Absolute Threshold

The minimum intensity of a stimulus that one can detect 50 percent of the time, a concept fundamental in sensory and perception studies.

Difference Threshold

The minimum difference in stimulation that a person can detect 50 percent of the time.

Relative Magnitude

The comparison of the size, extent, or importance of something in relation to another.