Multiple Choice
Michael and Angelo are both artists who can create sculptures or paintings each day.The following table describes their maximum outputs per day.Does either one have a comparative advantage?
A) Yes, Michael has a comparative advantage in both sculptures and paintings.
B) Yes, Angelo has a comparative advantage in both sculptures and paintings.
C) Yes, Michael has a comparative advantage in paintings, and Angelo has a comparative advantage in sculptures.
D) Yes, Michael has a comparative advantage in sculptures, and Angelo has a comparative advantage in paintings.
E) No, neither has a comparative advantage.
Correct Answer:
Verified
Correct Answer:
Verified
Q19: On the television show MythBusters,the hosts design
Q38: For both parties to benefit from specialization
Q53: A society that is producing its maximum
Q56: Refer to the following table to answer
Q63: Consider the following scenario.Two friends,Rachel and Joey,enjoy
Q64: The figures below depict the production possibilities
Q66: If Elaine can produce more output from
Q72: Refer to the following figure to answer
Q113: Refer to the following table to answer
Q131: use the figures below to answer