According to the law of comparative advantage, a doctor who is also a talented auto mechanic should
A)get a part-time job at a gas station.
B)do her own auto repairs and those of her neighbors.
C)hire a professional mechanic to repair her car.
D)only repair the cars of other doctors.

Question

Quizplus · Accepted Answer

The law of comparative advantage suggests that individuals should specialize in the activity where they have a lower opportunity cost. The doctor should focus on her medical practice, where her skills are more valuable, and hire a mechanic for car repairs.

According to the Law of Comparative Advantage, a Doctor Who