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A Lawyer Once Boasted, "I Can Fix My Plumbing Problem

Question 154

Multiple Choice

A lawyer once boasted, "I can fix my plumbing problem faster than that plumber." His friend replied, "Then why don't you fix it?" The lawyer explained: "Because


A) the plumber could practice law, and I prefer law."
B) I have an absolute advantage practicing law."
C) the plumber uses fewer labor resources."
D) the plumber is more efficient."
E) I have a comparative advantage practicing law."

Correct Answer:

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