Multiple Choice
Mana has a comparative advantage in baking cakes. This means that she
A) produces better-quality cakes than any other cake baker.
B) has more education than other cake bakers.
C) can bake a cake using fewer resources than any other baker.
D) gives up less to bake a cake than other bakers give up to bake a cake.
Correct Answer:

Verified
Correct Answer:
Verified
Q127: How do competitive markets help economies capture
Q128: (Table: Cooking time). The table provides data
Q129: (Table: Four persons) The table lists the
Q130: (Table: Joachim and Zane's opportunity cost) The
Q131: (Table: Fazio and Gabriella's opportunity cost) The
Q133: When a manager uses comparative advantage to
Q134: Price is functioning as a signal when
Q135: Many buyers and sellers participate in the
Q136: Which of the following is a TRUE
Q137: Price is functioning as an incentive when