Table 2-18 Table 2-18 Shows the Output Per Week of Week

question 17

Multiple Choice

Table 2-18
Table 2-18 shows the output per week of two people, Minnie and Mickey. They can either devote their time to making hats or making umbrellas.
-Refer to Table 2-18. Which of the following statements is true?

• A) Minnie has a comparative advantage in making both products.
• B) Mickey has a comparative advantage in making both products.
• C) Minnie has a comparative advantage in making hats and Mickey in making umbrellas.
• D) Mickey has a comparative advantage in making hats and Minnie in making umbrellas.

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Definitions:

Uncontrollable Factors

Elements or circumstances that cannot be predicted, modified, or managed by individuals or organizations.

Controllable Factors

Elements or conditions that can be managed or influenced by individual actions or decisions in various contexts, often in pursuit of a desired outcome.

Attribution Theory

A social psychology theory focused on how individuals interpret and assign causes to their own and others' behaviors.

Actor-observer Bias

The tendency to attribute one's own actions to external causes while attributing others' actions to internal characteristics.