Eileen Has a Comparative Advantage Over Jan in Piano Tuning

question 59

Multiple Choice

Eileen has a comparative advantage over Jan in piano tuning, but not shoe polishing. Which of the following is correct?

• A) Jan must have an absolute advantage in piano tuning
• B) Eileen must have an absolute advantage in shoe polishing
• C) Jan must have a lower opportunity cost of shoe polishing
• D) Eileen must have an absolute advantage in shoe polishing and in piano tuning
• E) Eileen must have an absolute advantage only in piano tuning

---

Definitions:

Outgoing CEO

The Chief Executive Officer who is in the process of leaving their current position, typically resulting in a transition of leadership.

Succession Plan

A strategy for identifying and developing new leaders who can replace old leaders when they leave, retire, or pass away.

Daunting Task

Refers to a job or assignment that appears intimidating or difficult to accomplish.

Time and Thought

Resources allocated towards consideration and planning in both personal and professional contexts.