
Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950
Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950 Exercise 4
In an hour, David can wash 2 cars or mow 1 lawn, and Ron can wash 3 cars or mow 1 lawn. Who has the absolute advantage in car washing, and who has the absolute advantage in lawn mowing?
A) David in washing, Ron in mowing.
B) Ron in washing, David in mowing.
C) David in washing, neither in mowing.
D) Ron in washing, neither in mowing.
A) David in washing, Ron in mowing.
B) Ron in washing, David in mowing.
C) David in washing, neither in mowing.
D) Ron in washing, neither in mowing.
Explanation
Absolute advantage refers to a country's...
Essentials of Economics 7th Edition by Gregory Mankiw
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255