Which of the Following Describes Comparative Advantage

question 45

Multiple Choice

Which of the following describes comparative advantage?

• A)Firm A can produce a good at a cost of $3 a unit,and Firm B can produce the same good at a cost of $4 a unit.
• B)Jane can type 50 words per minute,and Joe can type 60 words per minute.
• C)Firm A can produce 4 boxes of cereal in a day,and Firm B can produce 5 boxes of cereal in a day.
• D)To produce a basket of wheat,Farmer John must give up growing 2 baskets of corn,whereas Farmer Ben must give up 3 baskets of corn to produce a basket of wheat.
• E)Bill can read one book in a week,but it takes Jeannie 10 days to read the same book.

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Definitions:

Smooth Endoplasmic Reticulum

A network of tubular membranes within cells, involved in lipid synthesis, metabolism, and calcium ion storage, lacking ribosomes.

Metabolic Rate

The rate at which the body expends energy or burns calories, crucial for maintaining bodily functions and activities.

Protein Synthesis

The process by which cells construct proteins, directed by the genetic information carried in DNA and facilitated by ribosomes.

Gene Action

The process by which genes are expressed as observable traits, involving transcription, translation, and the subsequent functioning of proteins.