Question

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.

Answer 1

Comparative: D.

Absolute: B.

Explanation:

Comparative is about opportunity cost whilst absolute is about the quantity productivity efficiency