If Wendy Can Produce More of All Goods Than Tommy

question 43

Multiple Choice

If Wendy can produce more of all goods than Tommy in an hour,then

• A) Wendy has an absolute advantage in all goods.
• B) Wendy does not need to trade with Tommy in order to achieve the gains from trade.
• C) Wendy has a comparative advantage in all goods.
• D) Tommy has an absolute advantage in all goods.
• E) Only Tommy but not Wendy can benefit from trade between the two of them.

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Definitions:

Biological Factors

Components related to the biology of an organism, including genetic, neurochemical, and physical aspects, that influence behavior and health.

Experiential Risk

The potential for loss or negative outcomes resulting from direct personal experiences or activities.

Schizophrenia

A mental disorder characterized by disturbances in thought, perception, and behavior, leading to a disconnect from reality, often manifested as hallucinations, delusions, and disorganized thinking.

Conversion Disorder

A mental health condition where an individual exhibits neurological symptoms, such as blindness or paralysis, without a physical cause.