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Suppose That in the Time It Takes for Him to Bake

Question 123

Multiple Choice

Suppose that in the time it takes for him to bake a cake,Bob can produce 5 pairs of jeans.In the time it takes for Joe to bake a cake,he can produce 8 pairs of jeans.In this example,who has the comparative advantage in baking a cake?


A) Joe
B) both Bob and Joe
C) Bob
D) neither Bob nor Joe

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