If you are able to earn $20,000 a year teaching,$25,000 a year typing,$30,000 a year driving a cab,and $40,000 a year as a chef,you have a comparative advantage in ________.
Correct Answer:
Verified
Q61: Capital goods
A)are a special type of consumption
Q62: When a society forgoes current consumption to
Q63: Economic growth can be pictured in a
Q64: A country that must reduce current consumption
Q65: In general,specialization allows
A)constant opportunity costs.
B)greater self-reliance.
C)the production
Q67: Comparative advantage is always a(n)_ concept.
A)relative
B)engineering
C)monetary
D)absolute
Q68: Increasing relative costs are the result of
A)high
Q69: The organization of productive activities among persons
Q70: A person has a comparative advantage in
Q71: The opportunity cost of producing more capital
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