In one week,Mohammed can knit 5 sweaters or bake 240 cookies.In one week,Aisha can knit 15 sweaters or bake 480 cookies.Which of the following is correct?
A) Mohammed has an absolute and comparative advantage in both tasks.
B) Aisha has an absolute and comparative advantage in both tasks.
C) Mohammed has an absolute advantage in both tasks and a comparative advantage in knitting sweaters.
D) Aisha has an absolute advantage in both tasks and a comparative advantage in knitting sweaters.
E) Mohammed has an absolute advantage in both tasks and a comparative advantage in baking cookies.
Correct Answer:
Verified
Q43: In one week,Mohammed can knit 5 sweaters
Q44: Which of the following provides the best
Q45: In one week,Mohammed can knit 5 sweaters
Q46: A medium of exchange must be:
A)approved by
Q48: The division of labor refers to:
A)discrimination in
Q49: The specialization of labor:
A)increases productivity without creating
Q51: The division of labor increases productivity because:
A)tasks
Q52: In one week,Mohammed can knit 5 sweaters
Q83: The division of labor
A)allows more people to
Q95: Barter is
A)illegal in the United States
B)an efficient
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