If Monica Has a Comparative Advantage in Baking and George

question 101

Multiple Choice

If Monica has a comparative advantage in baking and George has a comparative advantage in sewing, then

• A)Monica must have an absolute advantage in baking
• B)Monica must have an absolute advantage in sewing
• C)George must have an absolute advantage in baking
• D)George must have an absolute advantage in sewing
• E)we can conclude nothing about absolute advantage

Recognize effective policies for reducing fishery catch sizes and preventing overfishing.

Understand the basic principles and outcomes of bargaining and market transactions in resource management.

Recognize the significance of sustainable resource management practices in both forestry and fisheries.

Grasp the importance of property rights in the open ocean for fishery management.

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