In a Single Day, George Can Bake 10 Cakes and Greta

question 74

Multiple Choice

In a single day, George can bake 10 cakes and Greta can bake 5 cakes.We know that:

• A)George has a comparative advantage in baking cakes.
• B)George has an absolute advantage in baking cakes.
• C)Greta has a comparative advantage in baking cakes.
• D)Greta has an absolute advantage in baking cakes.

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Definitions:

Base Year

A specific year chosen as a point of reference or standard of comparison for financial or economic data.

American Family

A social unit in the United States consisting of individuals related by blood, marriage, or adoption, characterized by diverse structures and cultural practices.

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A prolonged period in which the level of consumer prices decreases, indicating a reduction in the inflation rate below zero percent.

World War II

A global conflict that lasted from 1939 to 1945, involving many of the world's nations, including all of the great powers, eventually forming two opposing military alliances: the Allies and the Axis.