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Author Question: If Robin has an absolute advantage in both gardening and baking when compared to Robert, then a. ... (Read 120 times)

mckennatimberlake

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  • Posts: 559
on: Jul 1, 2018
If Robin has an absolute advantage in both gardening and baking when compared to Robert, then
 a. Robin cannot benefit by trading with Robert
  b. Robin can benefit by specializing in gardening if Robert specializes in baking
  c. Robin can benefit by specializing in baking if Robert specializes in gardening
  d. Robin and Robert may benefit from trading, but there is insufficient information to determine who should specialize in what
  e. neither Robin nor Robert can benefit from trading with the other

Question 2

If Jeremy has an absolute advantage in cooking and Margaret has an absolute advantage in cleaning, then
 a. Jeremy has a comparative advantage in cooking, and Margaret has a comparative advantage in cleaning
  b. Jeremy has a comparative advantage in cleaning, and Margaret has a comparative advantage in cooking
  c. we can conclude nothing about comparative advantage
  d. Jeremy has a comparative advantage in cooking, but we can conclude nothing about Margaret
  e. Margaret has a comparative advantage in cleaning, but we can conclude nothing about Jeremy


voltaire123

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

D

Answer to Question 2

C


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