Travis Can Mow a Lawn in Two Hours or He

question 33

Multiple Choice

Travis can mow a lawn in two hours or he can trim a tree in one hour.Ricardo can mow a lawn in three hours or he can trim a tree in two hours.

• A)Travis has an absolute advantage over Ricardo in trimming trees.
• B)Travis has a comparative advantage over Ricardo in mowing lawns.
• C)Ricardo has a comparative advantage over Travis in trimming trees.
• D)All of the above are correct.

---

Definitions:

High Unemployment

A situation in an economy where the unemployment rate is significantly higher than the historical average.

High Inflation

High inflation is a condition where the general price level of goods and services in an economy rises rapidly over a period, eroding purchasing power.

U.S. Economy

The economic system of the United States characterized by a mixed economy with both private and public enterprises contributing to the gross domestic product (GDP).

Great Depression

A severe worldwide economic downturn that took place during the 1930s, characterized by high unemployment rates and significant declines in economic activity.