Business, 28.08.2021 01:00 Gattuso

In one day, Brandon can either plow 20 acres or plant 10 acres. In one day, Christopher can either plow 14 acres or plant 14 acres. a) Which of the following statements about comparative advantage is correct?
a. Brandon has an absolute advantage in both plowing and planting.
b. Brandon has an absolute advantage only in plowing.
c. Brandon has an absolute advantage only in planting.
d. Christopher has an absolute advantage both in plowing and planting.
b) Brandon has
a. a comparative advantage both in plowing and planting.
b. a comparative advantage only in plowing.
c. a comparative advantage only in planting.
d. a comparative advantage in neither in plowing and planting.
c) Christopher has:.
a. an absolute advantage only in planting.
b. an absolute advantage only in plowing.
c. a comparative advantage only in planting.
d. a comparative advantage only in plowing
d) Brandon and Christopher can
a. both gain from exchange if Brandon specializes in planting and Christopher in plowing.
b. both gain from exchange if Brandon specializes in plowing and Christopher in planting.
c. exchange, but only Brandon will gain from the exchange.
d. exchange, but only Christopher will gain from the exchange.

Answers: 2

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