Question

Jethro has a(n) ____________________ in all aspects of camping: he is faster at carrying a backpack, gathering firewood, paddling a canoe, setting up tents, making a meal, and washing up. relative advantage opportunity cost absolute advantage comparative advantage

Answer 1

Jethro has an absolute advantage in all aspects of camping: he is faster at carrying a backpack, gathering firewood, paddling a canoe, setting up tents, making a meal, and washing up.

Absolute advantage refers to an individual's capacity to efficiently carry out a task when compared to other individuals or groups.

• In economics, this broadly refers to the ability and capacity to produce and conduct an economic good or a particular service in a more efficient manner than the competitors.
• In this case Jethro has an absolute advantage in all aspects of camping.
• Within the constraints of the economic activity, production is more efficient and higher.
• Fewer resources are required to produce a particular commodity and/or service that needs higher resources for the competitors.
• With fewer inputs, the outputs stand maximized in the context of absolute advantage.

Therefore, Jethro has an absolute advantage in all aspects of camping: he is faster at carrying a backpack, gathering firewood, paddling a canoe, setting up tents, making a meal, and washing up.

Learn more about absolute advantage here:

brainly.com/question/14044496

#SPJ4