Multiple Choice
In a case where there are two possible work activities and two workers,which of the following is true regarding to comparative advantage?
A) One person can have a comparative advantage in both activities.
B) Both people can have a comparative advantage in both activities.
C) No one can have a comparative advantage in either activity.
D) Each person must have a comparative advantage in one activity,but not both.
Correct Answer:
Verified
Correct Answer:
Verified
Q44: Assume toys are produced using only labor
Q45: Land in California is quite fertile and
Q46: If foreign professionals perform equal quality work
Q47: If everyone had the same abilities,then no
Q48: A boss can type 200 words per
Q50: The relative price of bread in terms
Q51: The difference between an absolute price and
Q52: The absolute price of beef in Japan
Q53: Suppose that the due to technological innovations,the
Q54: If a job requires two activities and