MrX Is a Total Loser

question 1

Multiple Choice

Mr.X is a total loser.He is worse at doing everything than anyone else.According to the law of comparative advantage,

• A) he will not be able to compete with others and will remain unemployed.
• B) others will be worse off dealing with Mr. X as he is comparatively inferior.
• C) he will be able to get a job but at such a low wage that he will be, on net, worse off.
• D) he will be able to compete with others by doing what he is comparatively less worse at.

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Definitions:

Raw Materials Transactions

Financial exchanges involved in purchasing the basic substances used in production processes.

Manufacturing Overhead

All indirect costs associated with manufacturing, including utilities, rent for the manufacturing facilities, and salaries of non-direct employees.

Raw Materials Transactions

Financial and operational activities related to the acquisition and use of raw materials in the production process.

November

November, which is the month number eleven in the Gregorian calendar.