Which of the following is an example of comparative advantage ? A. Michael Jordan is an American basketball player. B. The United States produces less textile products and more electronic products. C. Angela makes better pastries than Sherrie. D. Dave makes 4 pizzas giving up 6 jars of milk shakes while Rob makes 2 pizzas giving up 4 jars of milk shakes. Which of the following is an example of absolute advantage ? A. Nick has an advantage over others in the industry because he knows many software programs. B. Tom does his math homework in 2 hours while Harry takes only 30 minutes to do the same task. C. Charlie enjoys skiing while Ryan enjoys hiking. D. Amy is smart and performs well in exams.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following is an example of comparative advantage ? A. Michael Jordan is an American basketball player. B. The United States ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which is the biggest company in Germany?
Answers (1)
El Tapatio purchased restaurant furniture on September 1, 2018, for $31,000. Residual value at the end of an estimated 10-year service life is expected to be $4,600.
Answers (1)
April, a high school student, doesn't know her folks are trying to dig out of a financial crisis. Alone one day, she answers the phone. The caller doesn't identify herself.
Answers (1)
In a free-market economy, a product that entails a negative externality (additional social cost) will be
Answers (1)
Which best explains why some people get life insurance and others don't? Different people are willing to face different kinds of risks. Life insurance is a cost that has no direct benefit.
Answers (1)
New Questions in Business
Consider a bp gas station. as a result of an economic recession and decreases in consumer incomes, there will be a:
Answers (1)
You purchased 600 shares of SLG, Inc. stock at a price of $41.20 a share. You then purchased put options on your shares with a strike price of $45.00 and an option premium of $1.10. At expiration, the stock was selling for $48.30 a share.
Answers (1)
Which of the following statement is true? a. The demand for puma shoes is more elastic than the demand for shoes b. The demand for Cheerios is less elastic than the demand for cereal c. Products with many complements have a more elastic demand d.
Answers (1)
What is the par value for an ingredient?
Answers (1)
What is the second rule of risk management
Answers (2)