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Author Question: Eileen has a comparative advantage over Jan in piano tuning but not in shoe polishing. Therefore, ... (Read 33 times)

JMatthes

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on: Jul 1, 2018
Eileen has a comparative advantage over Jan in piano tuning but not in shoe polishing. Therefore,
 a. Jan must have an absolute advantage in piano tuning
  b. Eileen must have an absolute advantage in shoe polishing
  c. Jan must have a lower opportunity cost of shoe polishing
  d. Eileen must have an absolute advantage in shoe polishing and in piano tuning
  e. Eileen must have an absolute advantage in piano tuning

Question 2

If Sam can chop up more carrots per minute than Joe can, then
 a. Joe has an absolute advantage in carrot chopping
  b. Joe must have a comparative advantage in carrot chopping
  c. Sam has an absolute advantage in carrot chopping
  d. Sam must have a comparative advantage in carrot chopping
  e. we can conclude nothing about absolute advantage


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frre432

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

C


JMatthes

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

sultansheikh

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  • Posts: 335
Reply 3 on: Yesterday
Excellent

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