If They Spend All Night Writing Computer Programs,Laurence Can Write

question 4

Multiple Choice

If they spend all night writing computer programs,Laurence can write 10 programs,and Carrie Anne can write 5.If they spend all night making sunglasses,Laurence can make six pairs,and Carrie Anne can make four.We know that _____ has a comparative advantage in _____.

• A) Laurence;programs
• B) Laurence;both programs and sunglasses
• C) Carrie Anne;programs
• D) Carrie Anne;both programs and sunglasses

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Definitions:

Par Value

The nominal or face value of a bond, share of stock, or coupon as stated by the issuer.

Proxy

An authority to act on behalf of another person in voting at shareholder meetings or making other decisions.