Multiple Choice
Janis mows the lawn in 1 hour and types a paper in 1 hour.Kristen mows the lawn in 2 hours and types a paper in 1 hour.Which of the following statements is true?
A) Kristen has an absolute advantage in typing and a comparative advantage in mowing.
B) Janis has an absolute advantage in both activities and a comparative advantage in typing.
C) Janis has an absolute advantage in both activities and a comparative advantage in mowing.
D) The opportunity cost of mowing the lawn is greater for Kristen than it is for Janis.
E) Neither Janis nor Kristen would gain from specialization.
Correct Answer:
Verified
Correct Answer:
Verified
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