Both Maria and Jorge bake cookies and bread, but Maria spends less time baking each batch of cookies and each loaf of bread than Jorge does. Which of the following is TRUE?
A) Maria has an absolute advantage in baking both cookies and bread.
B) Maria has a comparative advantage in baking both cookies and bread.
C) Jorge has an absolute advantage in baking both cookies and bread.
D) Jorge has a comparative advantage in baking both cookies and bread.
Correct Answer:
Verified
Q82: A country has a comparative advantage in
Q83: The reason why Martha Stewart does not
Q84: Which of the following explains why someone
Q85: A country has an absolute advantage in
Q86: A country has an absolute advantage if
Q88: Brazil can produce one unit of sugar
Q89: Traders should specialize in the good: that:
A)
Q90: To benefit the most from trade, a
Q91: Both Maria and Jorge bake cookies and
Q92: The better a person is at producing
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