The Accompanying Figures Depict the Production Possibilities Frontiers (PPFs) for Two

question 34

Multiple Choice

The accompanying figures depict the production possibilities frontiers (PPFs) for two people who can allocate the same amount of time between making pizzas and making stromboli. Which statement about comparative advantage is true?

• A) Jim has a comparative advantage in the production of stromboli because his opportunity cost is lower.
• B) Jim has a comparative advantage in the production of stromboli because his opportunity cost is higher.
• C) Jim has a comparative advantage in the production of pizzas because his opportunity cost is lower.
• D) Jim has a comparative advantage in the production of pizzas because his opportunity cost is higher.
• E) Jim has a comparative advantage in the production of both pizzas and stromboli.

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Definitions:

Action Item Meetings

Gatherings specifically held to discuss tasks that must be completed or actions that individuals are required to undertake.

Problem Solving

The process of identifying issues and developing solutions to resolve them effectively.

Dialogue

A conversation between two or more people, or a textual representation of such conversation in literature and drama.

Team Efficiency

Team efficiency is a measure of how effectively a team uses its resources, including time and effort, to achieve its objectives with optimal output and minimum waste.