Harold, a delivery man, washes and irons his own shirts.Sarah, his boss, sends her clothes to a laundry.Which is the most plausible economic explanation for this difference?
A) Harold must enjoy ironing more than Sarah does.
B) Harold must be better at ironing than Sarah is.
C) The opportunity cost of ironing is greater for Harold.
D) Harold probably has an absolute advantage in ironing.
E) Sarah has a higher opportunity cost of laundering her clothes than Harold does.
Correct Answer:
Verified
Q10: Which of the four types of economic
Q11: Economists generally assume that
A)firms act to maximize
Q12: As the real wage increases, the opportunity
Q13: The movement in U.S.population from the farms
Q14: The increased labor force participation of married
Q16: The movement of households from rural to
Q17: Which of the following is a result
Q18: Households act as demanders when they
A)vote for
Q19: In the United States since World War
Q20: One explanation for the increased participation of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents