There Are Two People and Two Goods, Person a Has

question 4

True/False

There are two people and two goods, person A has comparative advantage in the production of good 1 if and only if it takes person A less time to produce good 1 than it takes person B.

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Definitions:

Amoral Managers

Amoral managers are those who do not consider the ethical implications of their decisions, focusing solely on business objectives without regard for moral principles.

Equal Access

The principle that everyone should have the same opportunities to access services, resources, or rights without discrimination.

Ethical Principles

The foundational guidelines for moral conduct that help individuals discern right from wrong in their decisions and actions.

Behave Ethically

Acting in a manner consistent with moral principles, standards, and values.