In an hour Jane can solder 50 connections or inspect 20 parts while Jim can solder 25 connections or inspect 20 parts in an hour.
A) Jane has a comparative advantage over Jim in both soldering and inspecting.
B) Jane has a comparative advantage over Jim in soldering while Jim has a comparative advantage in inspecting.
C) Jim has a comparative advantage over Jane in soldering while Jane has a comparative advantage in inspecting.
D) Jim had a comparative advantage over Jane in both soldering and inspecting.
Correct Answer:
Verified
Q58: Q59: When nations specialize according to their comparative Q60: If there are two goods and two Q61: Consider the opportunity costs of producing goods Q62: Which of the following is NOT a Q64: Consider the opportunity costs of producing goods Q65: Benefits of free trade include all of Q66: Assume that maximum feasible hourly productions levels Q67: Based on the data in the above Q68: Which of the following is a TRUE
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