Which of the Following Describes Comparative Advantage

question 75

Multiple Choice

Which of the following describes comparative advantage?

• A)Jane can type 50 words per minute, and Joe can type 60 words per minute.
• B)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.
• C)Bill can read one book in a week, but it takes Jeannie 10 days to read the same book.
• D)Firm A can produce 4 boxes of cereal in a day, and Firm B can produce 5 boxes of cereal in a day.
• E)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.

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Definitions:

Fraudulent Alteration

The illegal modification of a document with the intent to deceive or harm others.

Forgery

The act of falsely making or altering a document with the intent to defraud.

Rights Arising

Privileges or legal claims that originate from a specific source, such as a contract, employment relationship, or statute.

Negotiation

The process of discussing terms in order to reach a mutual agreement, often in the context of contracts or dispute resolutions.