Multiple Choice
Jose and Maria work at a restaurant. Jose can make either 10 pancakes or 4 waffles; Maria can make either 8 pancakes or 2 waffles. According to this scenario
A) Maria has the absolute advantage in making waffles.
B) Jose has the absolute advantage in making waffles.
C) Maria has the comparative advantage in making waffles.
D) Jose has the comparative advantage in making pancakes.
Correct Answer:

Verified
Correct Answer:
Verified
Q288: According to the above table, the opportunity
Q289: Which of the following is TRUE with
Q290: Which of the following will most likely
Q291: Are all goods economic goods? Are all
Q292: Scarcity is<br>A) a shortage of goods and
Q294: What happens to overall living standards when
Q295: In the above figure, what is the
Q296: Between points "b" and "c" in the
Q297: From the economist's point of view<br>A) wants
Q298: One of the assumptions underlying the production