-According to the Information in Figure 2-11,
A) Jill Has

question 14

Multiple Choice

$$\begin{array} { | c c c } \hline & \text { Fiejura 2-11 } \\\hline \text { Jails Fetched } & \text { Jack } & \text { Jill } \\\text { Per Hau } & & \\\text { Boards Sawed } & 20 & 4 \\\text { Per Hau } & 10 & 8 \\\hline\end{array}$$
-According to the information in Figure 2-11,

• A) Jill has an absolute advantage in fetching pails
• B) Jill has an absolute advantage in sawing boards
• C) Jill has a comparative advantage in sawing boards
• D) Jack has a comparative advantage in sawing boards
• E) Jill has a comparative advantage in fetching pails

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Definitions:

Trade Credit

A business arrangement where a buyer is allowed to purchase goods or services and pay the supplier at a later scheduled date, often used to finance short-term operational needs.

Consumer Credit

A type of credit granted to consumers to finance personal purchases.

Retail Credit

An arrangement where retailers offer direct credit facilities to their customers for the purchase of goods and services.

Work-in-progress

Refers to the intermediate goods or partially finished goods that are in the process of production.