Multiple Choice
Don can produce 10 pens or 20 pencils in 1 hour while Bob can produce 15 pens or 5 pencils in 1 hour.Which statement best describes Don's comparative advantage?
A) Don has a comparative advantage in the production of pens.
B) Don has a comparative advantage in the production of pencils.
C) Don has a comparative advantage in producing both goods.
D) Don does NOT have a comparative advantage in the production of either good.
Correct Answer:
Verified
Correct Answer:
Verified
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