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Question
Based on the scenario, Rosa has
a. an absolute advantage in producing basketballs, but not footballs.
b. an absolute advantage in producing footballs, but not basketballs.
c. an absolute advantage in producing both goods.
d. an absolute advantage in producing neither good.
e. no comparative advantage.
Answer
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Related questions
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The economic entity most likely to engage in price gouging is
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b. A surplus will continue to exist and will grow smaller over time.
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Q:
Suppose Solomon lives in a community with no price controls. What do you expect will happen if his town borders a community where there is a binding price ceiling on most products?
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Q:
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