Asked by
Alexandria Thomas
on Dec 08, 2024
Verified
Refer to Table 2.1. Which of the following statements is true?
A) Krystal has a comparative advantage in both writing TV commercials and writing poems.
B) Mark has a comparative advantage in both writing TV commercials and writing poems.
C) Krystal has a comparative advantage in writing TV commercials, and Mark has a comparative advantage in writing poems.
D) Mark has a comparative advantage in writing TV commercials, and Krystal has a comparative advantage in writing poems.
Comparative Advantage
The capacity of a party to generate a product or service with a smaller opportunity cost compared to its rivals.
TV Commercials
Short segments of television programming produced and paid for by organizations to convey marketing messages to viewers.
- Understand the fundamental principle of comparative advantage and its critical role in enhancing specialization and facilitating trade.
Verified Answer
MT
Learning Objectives
- Understand the fundamental principle of comparative advantage and its critical role in enhancing specialization and facilitating trade.