Refer to the information provided in Table 2.1 below to answer the following question(s) .
Table 2.1
-Refer to Table 2.1. Which of the following statements is true?
A) Krystal has a comparative advantage in both writing TV commercials and writing poems.
B) Mark has a comparative advantage in both writing TV commercials and writing poems.
C) Krystal has a comparative advantage in writing TV commercials, and Mark has a comparative advantage in writing poems.
D) Mark has a comparative advantage in writing TV commercials, and Krystal has a comparative advantage in writing poems.
Correct Answer:
Verified
Q7: Which of the following would an economist
Q8: Outputs in the production process are
A) pollution.
B)
Q9: According to the theory of comparative advantage,
Q10: Refer to the information provided in
Q11: Suppose you are deciding whether to spend
Q13: Capital, as economists use the term,
A) is
Q14: Which of the following is not a
Q15: Which of the following does not constitute
Q16: The concept of opportunity cost is based
Q17: The process by which resources are transformed
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