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beunique123! beunique123!
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5 years ago
If individual X has comparative advantage in painting and individual Y has comparative advantage in carpentry, then
A) individual X must use fewer hours to paint a fence than individual Y.
B) individual Y will specialize in painting.
C) there is a lower opportunity cost (expressed in units of carpentry) for individual X to paint than for individual Y to paint.
D) specialization will not occur, since each does not have a clear absolute advantage.
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Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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jbag1237jbag1237
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beunique123! Author
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Literally the most helpful website ever
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