Multiple Choice
Mac can bake more cookies than Monica per hour.It must be true that
A) Monica has an absolute advantage in cookie baking.
B) Mac has an absolute advantage in baking cookies.
C) Mac has a comparative advantage in baking cookies.
D) Monica has a comparative advantage in baking cookies.
E) Mac cannot benefit by trade between the two of them.
Correct Answer:
Verified
Correct Answer:
Verified
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