Based on the Figure,which Statement About Comparative Advantage Is True

question 28

Multiple Choice

Based on the figure,which statement about comparative advantage is true?

• A) Bo has a comparative advantage in the production of stromboli because her opportunity cost is lower.
• B) Bo has a comparative advantage in the production of stromboli because her opportunity cost is higher.
• C) Bo has a comparative advantage in the production of pizzas because her opportunity cost is lower.
• D) Bo has a comparative advantage in the production of pizzas because her opportunity cost is higher.
• E) Bo has a comparative advantage in the production of both pizzas and stromboli.

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Definitions:

Chronological Order

Organizing events or actions by the order in which they occurred in time.

Error Location

The process or act of identifying the specific spot within a data set, document, or system where a mistake or discrepancy has occurred.

Journal

A log where every financial transaction is first recorded in the order of occurrence.

Total Liabilities

The sum of all financial obligations a company owes to outside parties, including loans, bonds payable, and accounts payable.