Scott and Cindy both produce only pizza and tacos.In one hour,Scott can produce 20 pizzas or 40 tacos.In one hour,Cindy can produce 30 pizzas or 40 tacos.Based on these data,
A) Cindy and Scott have the same comparative advantage in producing tacos.
B) Cindy has a comparative advantage in producing tacos.
C) neither Cindy nor Scott has a comparative advantage in producing tacos.
D) Cindy and Scott have the same comparative advantage in producing pizzas.
E) Scott has a comparative advantage in producing tacos.
Correct Answer:
Verified
Q203: Scott and Cindy both produce only pizza
Q204: If workers in Mexico produce fewer goods
Q205: The gains from trade include i.lower prices
Q206: In one hour John can produce 20
Q207: If a nation has an absolute advantage
Q209: To achieve gains from trade,a country
A)specialises in
Q210: In terms of a nation's production possibilities
Q211: With no international trade,a country _ consume
Q212: In one hour John can produce 20
Q213: Comparative advantage is directly related to which
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