Anita Is a Wonderful Baker and Can Bake 10 Cakes

question 49

Multiple Choice

Anita is a wonderful baker and can bake 10 cakes in a day, but then has no time left to make cookies. If she bakes only cookies, she can make 200 cookies in a day. John can make equally delicious cakes and cookies but can only make seven cakes or 100 cookies in a day. Based on this information, which of the following statements is true?

• A) Anita has the comparative advantage in the production of cakes.
• B) John has the comparative advantage in the production of cakes.
• C) John has the absolute advantage in the production of cookies.
• D) Anita has the comparative advantage in the production of both cakes and cookies.

Understand the principles of population dynamics and its relationship with economic conditions.

Gain knowledge on the time value of money concepts and their application in investment decisions.

Recognize the impact of economic growth on environmental quality and resource management.

Understand the implications of fertility rates on population dynamics.

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Definitions:

Bacteria

Single-celled microorganisms that can be found in various environments, some of which are beneficial while others can cause diseases.

Poaceae

A large and economically important family of plants, also known as the grass family, which includes species like wheat, corn, and rice.

Classification

The systematic arrangement of living organisms into hierarchical groups based on their characteristics and evolutionary history.

Taxonomy

The science of classifying organisms based on their characteristics, forming a structured hierarchy that includes groups like species and genus.