Janis Mows the Lawn in 1 Hour and Types a Paper

question 1

Multiple Choice

Janis mows the lawn in 1 hour and types a paper in 1 hour.Kristen mows the lawn in 2 hours and types a paper in 1 hour.Which of the following statements is true?

• A)Kristen has an absolute advantage in typing and a comparative advantage in mowing.
• B)Janis has an absolute advantage in both activities and a comparative advantage in typing.
• C)Janis has an absolute advantage in both activities and a comparative advantage in mowing.
• D)The opportunity cost of mowing the lawn is greater for Kristen than it is for Janis.
• E)Neither Janis nor Kristen would gain from specialization.

---

Definitions:

Real Property

Real property includes land and anything permanently attached to it, like buildings, in contrast with personal property, which is movable.

Personal Property

Assets that are movable and not fixed to one location, such as furniture, vehicles, and equipment, contrary to real estate.

Demonstrative Legacy

A specific bequest in a will, directing a particular sum of money to be paid out of a specified asset or fund.

Probate

The legal process through which a deceased person's will is validated, and their assets are distributed under the supervision of a court.