Multiple Choice
If Jeremy has an absolute advantage in cooking and Margaret has an absolute advantage in cleaning, then
A) Jeremy has a comparative advantage in cooking, and Margaret has a comparative advantage in cleaning
B) Jeremy has a comparative advantage in cleaning, and Margaret has a comparative advantage in cooking
C) we can conclude nothing about comparative advantage
D) Jeremy has a comparative advantage in cooking, but we can conclude nothing about Margaret
E) Margaret has a comparative advantage in cleaning, but we can conclude nothing about Jeremy
Correct Answer:
Verified
Correct Answer:
Verified
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