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Answer : (A)

49. Exhibit 2-1

Hans Maria Loads of laundry per hour 4 12 Pages typed per hour 6 8 Refer to the exhibit. Suppose Maria types one fewer pages. How many loads of laundry can she do in the time saved on typing? (A) 2/3 of a load (B) 1 1/2 loads (C) 4 loads (D) 6 loads Answer : (B)

50. Exhibit 2-1

Hans Maria Loads of laundry per hour 4 12 Pages typed per hour 6 8 Refer to the exhibit. What are Hans and Maria's trading opportunities? (A) Maria has an absolute and a comparative advantage in typing. (B) Maria has an absolute and a comparative advantage in doing laundry. (C) Hans has an absolute and a comparative advantage in typing. (D) Hans has an absolute advantage in doing laundry. Answer : (B)

51. Exhibit 2-1

Hans Maria Loads of laundry per hour 4 12 Pages typed per hour 6 8 Refer to the exhibit. When would Hans and Maria both be better off? (A) if Hans specialized in typing and Maria specialized in doing laundry (B) if Hans specialized in doing laundry and Maria specialized in typing

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Test Bank for ECON Micro 1st McEachern  

Test Bank ECON Micro 1st Edition McEachern 2016 (Test Bank Download) (9780176502782) (0176502785). Instant access. All chapter are included....

Test Bank for ECON Micro 1st McEachern  

Test Bank ECON Micro 1st Edition McEachern 2016 (Test Bank Download) (9780176502782) (0176502785). Instant access. All chapter are included....