If Jeremy has an absolute advantage in cooking and Margaret has an absolute advantage in cleaning, then
A) Jeremy has a comparative advantage in cooking, and Margaret has a comparative advantage in cleaning
B) Jeremy has a comparative advantage in cleaning, and Margaret has a comparative advantage in cooking
C) we can conclude nothing about comparative advantage
D) Jeremy has a comparative advantage in cooking, but we can conclude nothing about Margaret
E) Margaret has a comparative advantage in cleaning, but we can conclude nothing about Jeremy
Correct Answer:
Verified
Q52: It is possible for one person to
Q53: Absolute advantage is based on opportunity cost.
Q54: It is possible for one person to
Q55: Janis mows the lawn in 1 hour
Q56: A country has an absolute advantage in
Q58: If Monica has a comparative advantage in
Q59: It is impossible for one person to
Q60: If Jason can wash a car in
Q61: Exhibit 2-2 Q62: Helen gives up the opportunity to bake![]()
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