Multiple Choice
Figure 2-12
-Suppose Bob and Tom are writing jokes for a their new TV show.Suppose there are two types of jokes,political jokes and jokes about celebrities.The number of jokes that can be produced by each person in each category are listed in Figure 2-12.From this table you can tell that
A) Bob has an absolute advantage in both political and celebrity jokes
B) Tom has an absolute advantage in both political and celebrity jokes
C) Bob has an comparative advantage in both political and celebrity jokes
D) Tom has an comparative advantage in both political and celebrity jokes
E) there are no gains from specialization
Correct Answer:

Verified
Correct Answer:
Verified
Q128: The three primary systems for allocating resources
Q129: Figure 2-8<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3972/.jpg" alt="Figure 2-8
Q130: One of the concepts that is illustrated
Q131: Figure 2-13<br>Total Lives Saved<br> <span
Q132: Figure 2-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3972/.jpg" alt="Figure 2-2
Q134: Which of the following could lead to
Q135: Which of the following best defines the
Q136: According to the law of comparative advantage,individuals
Q137: The three problems of resource allocation are
Q138: In deciding where to operate along its