If Monica has a comparative advantage in baking and George has a comparative advantage in sewing, then

a. Monica must have an absolute advantage in baking
b. Monica must have an absolute advantage in sewing
c. George must have an absolute advantage in baking
d. George must have an absolute advantage in sewing
e. we can conclude nothing about absolute advantage

E

Economics

You might also like to view...

Which of the following macroeconomic variables would you exclude from an index of leading economic indicators?

A) Money supply B) Industrial production C) Inventory investment D) Residential investment

Economics

This __________ declared that price discrimination is illegal especially when it decreases competition

a. Robinson-Patman Act b. Sherman Antitrust Act of 1890. c. Merger Act d. Federal Trade Commission Act.

Economics