Figure 3-24 the Production Possibilities Frontiers Below Show How Much Bob and Bob

question 12

Multiple Choice

Figure 3-24
The production possibilities frontiers below show how much Bob and Betty can each produce in 8 hours of time.

-Refer to Figure 3-24.Betty has

• A)an absolute and comparative advantage producing good x.
• B)an absolute but not a comparative advantage producing good x.
• C)a comparative but not an absolute advantage producing good x.
• D)neither a comparative nor an absolute advantage producing good x.

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Definitions:

Observational Learning

Acquiring knowledge by watching the actions of other people.

Implicit Learning

The process of learning complex information in an incidental manner, without awareness of what has been learned.

Learned Response

A behavior that is developed as a result of conditioning or learning.

Latent Learning

Learning that occurs without any obvious reinforcement of the behaviour or associations that are learned until there is a reason to demonstrate it.