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Author Question: Mark can make 3 tables and 1 chair in a day while John can make 4 tables and 1 chair in a day. Which ... (Read 40 times)

jake

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on: Jun 30, 2018
Mark can make 3 tables and 1 chair in a day while John can make 4 tables and 1 chair in a day. Which of the following is true?
 
  A) Mark has a comparative advantage in making tables.
  B) Mark has an absolute advantage in making tables.
  C) John has an absolute advantage in making tables.
  D) John has a comparative advantage in making chairs.

Question 2

Tom is a U.S. citizen. He took up a job and moved to the U.K. His income will lead to a(n) ________.
 
  A) decrease in the GDP of U.K. B) increase in the GNP of U.K.
  C) increase in the GDP of U.S. D) increase in the GNP of U.S.


amit

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


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jake

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Reply #2 on: Jun 30, 2018
Thank you :)


amit

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Reply #3 on: Jun 30, 2018
Happy to help you


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