In One Day, Sue Can Change the Oil on 20

question 217

Multiple Choice

In one day, Sue can change the oil on 20 cars or change the tires on 20 cars. In one day, Fred can change the oil on 20 cars or change the tires on 10 cars. Sue and Fred can gain from trade if Sue changes the ________ and Fred changes the ________.

• A) tires; oil
• B) oil; oil
• C) oil; tires
• D) tires; tires

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Definitions:

Licensed Professional

An individual who has been officially authorized to perform certain specialized services or activities due to meeting specific governmental or professional standards.

Unlicensed Agent

An individual acting in a role that requires licensure, such as real estate or insurance, without possessing the necessary legal authorization.

Professional Acts

Actions or conduct that are considered appropriate, ethical, and in accordance with the standards of a profession.

Realtor

A real estate professional who is a member of the National Association of Realtors and adheres to its code of ethics.