Mikhail and Stefan Are Both Artists Who Can Create Sculptures

question 104

Multiple Choice

Mikhail and Stefan are both artists who can create sculptures or paintings each day.The following table describes their maximum outputs per day.
Use this table to answer the following questions.
-Based on the table,does Mikhail or Stefan have a comparative advantage?

• A) Yes,Mikhail has a comparative advantage in both sculptures and paintings.
• B) Yes,Stefan has a comparative advantage in both sculptures and paintings.
• C) Yes,Mikhail has a comparative advantage in paintings,and Stefan has a comparative advantage in sculptures.
• D) Yes,Mikhail has a comparative advantage in sculptures,and Stefan has a comparative advantage in paintings.
• E) No,neither has a comparative advantage.

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Definitions:

Maturity Value

The amount payable to an investor at the end of a fixed term investment.

Financial Planning

The process of creating strategies for managing finances to achieve personal financial goals.

Inflation Rate

The velocity at which there is a general increase in the cost of goods and services, thereby reducing the effective purchasing capability.

Compound Interest CSB

The calculation of interest on a Canada Savings Bond (CSB) where interest earned also earns interest over time.