Assuming Vice President Smith has to sacrifice more than his assistant in order to engage in full-time typing, we would say that his assistant has a(n)________ advantage in typing versus Mr. Smith.

Question

Quizplus · Accepted Answer

The question is asking about the comparison between Vice President Smith and his assistant in terms of typing. The term "comparative advantage" refers to the ability of an individual or group to carry out a particular economic activity (in this case, typing) more efficiently than another individual or group. Therefore, the assistant has a comparative advantage in typing compared to Mr. Smith, since he or she can type more efficiently without having to sacrifice as much as the vice president. The other answer choices are not relevant to the concept of comparative advantage.

Assuming Vice President Smith Has to Sacrifice More Than His