Multiple Choice
Suppose you can type a paper in two hours or mow the lawn in four hours, while it takes your friend Ann eight hours to type a paper or two hours to mow the lawn. Which of the following is true?
A) You have a comparative advantage in typing.
B) You have a comparative advantage in mowing the lawn.
C) You and Ann could save time if you mowed her lawn while she typed your paper.
D) You and Ann cannot gain from specialization and trade.
Correct Answer:
Verified
Correct Answer:
Verified
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