Multiple Choice
If individual X has a comparative advantage in painting fences and individual Y has a comparative advantage in carpentry,we know that
A) individual X would use fewer hours to paint a fence than individual Y.
B) individual Y is a better carpenter than X.
C) we cannot tell whether specialization should occur without information on each person's absolute advantage.
D) there is a lower opportunity cost (expressed in units of carpentry) for individual X to paint than for individual Y to paint.
Correct Answer:
Verified
Correct Answer:
Verified
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