Sia
Question
Macroeconomics
Posted 9 months ago
Max and Eli like to build apps and coach soccer. The time it takes for Max and Eli to build apps and plan soccer drills for their team is given in the table below.
\begin{tabular}{lll}
& Max & Eli \\
\hline Time to build an app & 20 hours & 15 hours \\
Time to write a soccer drill & 5 hours & 9 hours
\end{tabular}
Which person has an absolute advantage in building apps, and which person has an absolute advantage in planning soccer drills?
Choose 1 answer:
(A) Neither person has an absolute advantage in producing either good.
(B) Eli has an absolute advantage in producing both goods.
(c) Eli has an absolute advantage in building apps; Max has an absolute advantage in planning soccer drills.
(D) Max has an absolute advantage in building apps; nobody has an absolute advantage in planning soccer drills.
(E) Both have an absolute advantage in producing both goods.
Sign in to unlock the answer
Answer from Sia
Posted 9 months ago
C
Key Concept
Absolute Advantage
Explanation
Absolute advantage refers to the ability of an individual or group to carry out a particular economic activity more efficiently than another individual or group. In this case, Eli can build an app in less time than Max, indicating Eli has an absolute advantage in app building. Conversely, Max can plan a soccer drill in less time than Eli, indicating Max has an absolute advantage in planning soccer drills.
Not the question you are looking for? Ask here!
Enter question by text
Enter question by image
Unlock Smarter Learning with AskSia Super!
Join Super, our all-in-one AI solution that can greatly improve your learning efficiency.
30% higher accuracy than GPT-4o
Entire learning journey support
The most student-friendly features
Study Other Question