If a CEO can type faster than her secretary, then

A) the CEO has a comparative advantage in typing.
B) the CEO has neither a comparative advantage in typing, nor in management.
C) the CEO should still continue performing CEO duties since the CEO has a comparative advantage in management, and the secretary should continue typing.
D) the CEO should still continue performing CEO duties as well as typing since he has a comparative advantage in both management, and typing.


Answer: C

Economics

You might also like to view...

The current account balance is equal to net exports ________ net interest ________ net transfers

A) plus; minus B) minus; minus C) minus; plus D) plus; plus E) multiplied by; multiplied by

Economics

An economic recession in Japan will cause the aggregate demand curve in the United States to shift to the right.

Answer the following statement true (T) or false (F)

Economics

If all resources were perfectly adaptable for alternative uses, the production possibilities curve would

A) be bowed out. B) be bowed in. C) be a straight line. D) not exist.

Economics

. A subsidy:

A. All of these statements are true. B. is a requirement that the government pay an extra amount to producers or consumers of a good. C. is used by governments to encourage the production and consumption of a particular good or service. D. is used by governments as an alternative to price controls to benefit certain groups without generating a shortage or a surplus.

Economics