Principles of Macroeconomics 7th Edition

Published by South-Western College
ISBN 10: 1-28516-591-8
ISBN 13: 978-1-28516-591-2

Chapter 3 - Interdependence and the Gains from Trade - Quick Check Multiple Choice - Page 59: 1

Answer

d.) Ron in washing, neither in mowing.

Work Step by Step

An "absolute advantage" is the ability to produce a good using fewer inputs than another producer. It takes Ron less time to wash cars, so he has the absolute advantage. It takes both of them 1 hour to mow a lawn, so neither of them has the absolute advantage there.
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