Table 9-2 Sarita and Gabriel Own S&G Bakery. Table 9-2 Lists the Bakery

question 157

Multiple Choice

Table 9-2

Sarita and Gabriel own S&G Bakery. Table 9-2 lists the number of pies and cakes Sarita and Gabriel can each bake in one day.
-Refer to Table 9-2.Select the statement that accurately interprets the data in the table.

• A)Sarita has a comparative advantage in baking pies.
• B)Gabriel has a comparative advantage in baking cakes.
• C)Sarita has a comparative advantage in baking pies and baking cakes.
• D)Sarita has a comparative advantage in baking cakes.

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Definitions:

Private Spending

Expenditures made by individuals, households, and businesses in the private sector, excluding government spending.

Monetary Policy

Economic strategies and decisions made by a central bank or government agency regarding the supply of money and levels of interest rates in an economy.

Fiscal Policy

Governmental policies concerning taxing and spending that are intended to influence economic conditions, including aggregate demand, inflation, and unemployment.

Consumption

The act of using up goods and services by individuals or groups, often analyzed in the context of economic activities and impacts on well-being.