Table 2-12 Table 2-12 Shows the Number of Labor Hours

question 53

Multiple Choice

Table 2-12
Table 2-12 shows the number of labor hours required to produce a canoe and a sailboat in Guatemala and Honduras.
-Refer to Table 2-12. 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:

Ongoing Motivation

Continued drive or desire to pursue goals or engage in activities over time.

If … Then Model

A cognitive-behavioral framework suggesting that individuals' reactions are conditional responses based on their personality and the specifics of the situation.

Watson's S-R Connection

Refers to John B. Watson's theory in behaviorism emphasizing the stimulus-response (S-R) connection, suggesting that behavior is a result of external stimuli.

Mischel

A psychologist known for his work on personality theory and cognitive-affective systems, suggesting that behavior is influenced more by situational factors than by innate traits.