Multiple Choice
Suppose Monica has a comparative advantage in baking and George has a comparative advantage in sewing.What can be concluded regarding absolute advantage?
A) Monica must have an absolute advantage in baking, but nothing can be concluded about absolute advantage.
B) Monica must have an absolute advantage in baking.
C) George must have an absolute advantage in sewing.
D) Monica and George have equal absolute advantages in producing both products.
Correct Answer:
Verified
Correct Answer:
Verified
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