Zora Can Produce 4 Quilts in a Week and She

question 111

True/False

Zora can produce 4 quilts in a week and she can produce 1 corporate website in a week. Lou can produce 9 quilts in a week and he can produce 2 corporate websites in a week. Zora has the comparative advantage in quilts and the absolute advantage in neither good, while Lou has the comparative advantage in corporate websites and the absolute advantage in both goods.

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Definitions:

Fixing

Manipulating or setting prices, outcomes, or market conditions, often in an illegal or unethical way.

Fines

are monetary penalties imposed by authorities as punishment for violating laws or regulations.

Microsoft

A leading multinational technology company known for its software products like Windows operating systems, Office suite, and Surface computing devices.

Windows

A graphical operating system developed by Microsoft, providing an environment for executing and managing applications.