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lvnrn2012 lvnrn2012
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A year ago
Scenario: Mark can make three tables or one chair in a day, while John can make four tables or one chair in a day.


Refer to the scenario above. Which of the following is TRUE in this case?

▸ Mark has a comparative advantage in making tables.

▸ Mark has an absolute advantage in making tables.

▸ John has an absolute advantage in making tables.

▸ John has a comparative advantage in making chairs.
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Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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teamroketteamroket
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A year ago
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lvnrn2012 Author
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A year ago
Thanks
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