Multiple Choice
John takes 10 minutes to iron a shirt and 20 minutes to type a paper. Harry takes 10 minutes to iron a shirt and 30 minutes to type a paper. Which of the following statements is correct?
A) Harry has a comparative advantage in ironing.
B) Harry has a comparative advantage in typing.
C) John has a comparative advantage in ironing.
D) Neither can gain from specialization and exchange.
Correct Answer:
Verified
Correct Answer:
Verified
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