Rebecca can stitch 6 shirts in a day while Eliza can stitch only 5 shirts in a day. Rebecca can stitch 2 trousers in a day while Eliza can stitch 3 trousers in a day. Which of the following is true in this case?
A) Rebecca has a comparative advantage in stitching trousers.
B) Eliza has an absolute advantage in stitching trousers.
C) Rebecca has an absolute advantage in stitching trousers.
D) Eliza has a comparative advantage in stitching shirts.
B
Economics
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The precautionary principle is least likely to be applied to which of the following environmental issues?
a. Building a new road b. Global warming c. The approval process of a new pesticide d. Timber harvesting in a rainforest e. Storage of nuclear waste
Economics
Alice is willing to pay $3 for the second slice of pizza she eats. The price she pays is $2. Alice's consumer surplus for this slice of pizza equals
A) $0. B) $1. C) $2. D) $3.
Economics