Table 2-13 Table 2-13 Shows the Output Per Day of Day

question 69

Multiple Choice

Table 2-13
Table 2-13 shows the output per day of two pet groomers, Tammi and Horace. They can either devote their time to grooming dogs or bathing cats.
-Refer to Table 2-13. Which of the following statements is true?

• A) Horace has a comparative advantage in both tasks.
• B) Tammi has a comparative advantage in both tasks.
• C) Horace has a comparative advantage in grooming dogs and Tammi in bathing cats.
• D) Horace has a comparative advantage in bathing cats and Tammi in grooming dogs.

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Definitions:

Globalization

The process by which businesses, technologies, cultures, and ideas spread across the world, leading to increased interconnectedness and interdependence of nations.

Poverty Line

The minimum level of income deemed adequate in a particular country to live on, used as a standard to classify people into economic categories.

Basic Subsistence

The minimum resources necessary for a person to live, including food, water, and shelter.

Older Adults

Individuals who are in the later stage of their life, often defined as being 65 years or older.