If Arthur Has a Comparative Advantage in Sewing and Susan

question 67

Multiple Choice

If Arthur has a comparative advantage in sewing and Susan has a comparative advantage in accounting,then

• A) Arthur must have an absolute advantage in sewing
• B) Arthur must have an absolute advantage in accounting
• C) Susan must have an absolute advantage in sewing
• D) we cannot conclude anything about absolute advantage
• E) Susan must have an absolute advantage in accounting

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Definitions:

Prioritization Matrix

A decision-making tool used to rank different options or projects based on specific criteria, helping to allocate resources efficiently.

Collaborative Decision Making

The process where two or more individuals or groups work together to make a choice that is agreeable to all involved.

Sharpening Communication Skills

The process of improving one's ability to convey and receive information effectively.

Collaborative Decision Making

The process where multiple individuals or groups work together to make a decision, combining their knowledge, expertise, and perspectives.