Hans Can Do 4 Loads of Laundry Per Hour,and He

question 127

Multiple Choice

Hans can do 4 loads of laundry per hour,and he can type 6 pages per hour.Maria can do 12 loads of laundry per hour,and she can type 8 pages per hour.In any given amount of time,_____.

• A)Maria has both an absolute and a comparative advantage in typing
• B)Maria has both an absolute and a comparative advantage in doing laundry
• C)Maria has a comparative advantage in both typing and doing laundry
• D)Hans has both an absolute and a comparative advantage in typing
• E)Hans has an absolute advantage in doing laundry

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Definitions:

Labor Lobbying

The practice of representing and advocating for the interests of workers and labor unions in political, legislative, and regulatory matters.

Corporate Codes

Are ethics or conduct guidelines developed by companies to outline expected behaviors and responsibilities of their employees, often focusing on professionalism, integrity, and social responsibility.

Economic Environment

Refers to all the economic factors that influence the operation of a business, such as inflation, employment rates, and economic policies.

Employment Options

The range of employment opportunities available to individuals, varying in terms of job type, industry, and level of required skill.