Regan Grows Flowers and Makes Vases

question 56

Multiple Choice

Regan grows flowers and makes vases.Jayson also grows flowers and makes vases,but Regan is better at producing both.Who has an absolute or comparative advantage in what activity

• A)Regan has an absolute advantage in both activities.
• B)Jayson has an absolute advantage in both activities.
• C)Regan has a comparative advantage in growing flowers.
• D)Jayson has a comparative advantage in growing flowers.

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Definitions:

Business

An organization or enterprise engaged in commercial, industrial, or professional activities with the goal of generating profits.

Angel

An affluent individual who provides capital for a business start-up, usually in exchange for convertible debt or ownership equity.

Intervene

To come between disputing parties, events, or processes to alter a result or prevent certain actions.

Angel Investor

A wealthy individual who provides financial backing for small startups or entrepreneurs, often in exchange for ownership equity in the company.