Suppose Susan can wash three windows per hour or she can iron six shirts per hour. Paul can wash two windows per hour or he can iron five shirts per hour

a. Susan has an absolute advantage over Paul in washing windows.
b. Susan has a comparative advantage over Paul in washing windows.
c. Paul has a comparative advantage over Susan in ironing shirts.
d. All of the above are correct.

d

Economics

You might also like to view...

Refer to Figure 19-7. If the Indian government pegs its currency to the dollar at a value above $.02/rupee, we would say the currency is

A) parity valued. B) undervalued. C) overvalued. D) equilibrium valued.

Economics

According to the above figure, equilibrium is at point

A) E. B) B. C) C. D) D.

Economics