Examlex
Timmy can edit 2 pages in one minute and he can type 80 words in one minute. Olivia can edit 1 page in one minute and she can type 100 words in one minute. Timmy has an absolute advantage and a comparative advantage in editing, while Olivia has an absolute advantage and a comparative advantage in typing.
Q30: Refer to Figure 3-10. If Alice produces
Q35: Factors of production are<br>A) used to produce
Q204: Refer to Figure 3-7. Bintu has an
Q215: Refer to Table 3-3. Zimbabwe and Portugal
Q233: Refer to Table 3-8. The opportunity cost
Q287: Refer to Figure 3-11. In the nation
Q332: A decrease in demand shifts the demand
Q363: Trade can benefit everyone in society because
Q364: In a market economy, supply and demand
Q390: Refer to Table 3-7. We could use