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Basile [38]
3 years ago
14

Read the following scenario and determine who has the absolute advantage and who has the comparative advantage.

Social Studies
1 answer:
Drupady [299]3 years ago
8 0
The best answer for this comparison between roommates Sam and Ruth would be option B: <span>Ruth has an absolute advantage in both cleaning and cooking, but Sam has a comparative advantage in cleaning. As you can see, based on the description above, it says that in cooking, Ruth is an amazing chef, whereas Sam is a mess in the kitchen. On the other hand, Ruth can also clean really fast, and Sam too but Sam cleans not as fast as Ruth does.</span>
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Andre45 [30]

The correct answer would be option C, Self Interest. Economist assume that an individual acts as if motivated by Self Interest.

Explanation:

The concept of motivation by self interest is given by Mr Adam Smith. He was the great economist and the philosopher. He belonged to Scotland and is considered as the pioneer of the Political economy. He is also remembered or known as the Father of Economics.

According to Adam and some more economists, an individual acts if he is motivated by self interest. It means that if someone has some personal interest in anything, he is more likely to be motivated for achieving that. According to economists, this motivation is necessary as it builds competition and acts as an important economic Force. The regulator of economic activity is Competition, and the competition is best achieved when a person is fully motivated, and a person is fully motivated when he has some personal interest in that task.

When people have their own interests and want to make money, they try to make the society or economy better as a whole.

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Because people can move from job to job, labor is considered a flexible resource<br> True<br> False
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Answer:

This statement is............

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Read 2 more answers
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