If Les Can Produce Two Pairs of Pants Per Hour

question 70

Multiple Choice

If Les can produce two pairs of pants per hour while Eva can produce one pair per hour, then it must be true that:

• A)Les has a comparative advantage in producing pants.
• B)Les has an absolute advantage in producing pants.
• C)Eva has a comparative advantage in producing pants.
• D)Les has both comparative and absolute advantage in producing pants.

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Definitions:

Customer Relationship Management

Refers to practices, strategies, and technologies used by companies to manage and analyze customer interactions and data throughout the customer lifecycle.

Total Immersion

A comprehensive and intense approach in which one is fully engaged in an activity or experience, often used in learning and training contexts.

Researchers

Individuals who conduct systematic investigations to establish facts and reach new conclusions.

Executives

Senior-level employees responsible for making strategic decisions in an organization.