Multiple Choice
Suppose Jim is a brilliant attorney who can draft especially persuasive legal briefs.He also happens to possess some excellent administrative skills such as typing,filing,assembling binders and notes,and making reservations.Which best describes whether Jim should hire an administrative assistant to help him?
A) Jim should not hire an administrative assistant because he has an absolute advantage in performing administrative functions.
B) Jim should not hire an administrative assistant because he likely has a comparative advantage in performing administrative functions.
C) Jim should hire an administrative assistant because the assistant would likely have an absolute advantage in writing legal briefs.
D) Jim should hire an administrative assistant because the assistant would likely have a comparative advantage in performing administrative functions.
E) Jim should hire an administrative assistant because the assistant would likely have a comparative advantage in writing legal briefs.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Variables that are controlled for in a
Q5: The opportunity cost of every investment in
Q25: The production possibilities frontier (PPF)shows<br>A) the trade-off
Q49: Consumer goods<br>A) are produced today to be
Q64: The _ states that the opportunity cost
Q88: Suppose that,during your afternoon shift working at
Q89: On a production possibilities frontier (PPF)that shows
Q96: Refer to the following table to answer
Q100: Suppose that Sheldon and Leonard can either
Q149: use the figures below to answer