Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 3 - Part I - Interdependence and the Gains from Trade - Quick Check Multiple Choice: 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. Since Ron can wash more cars in an hour, he can wash a car in less time than David. Therefore, he can complete the last with lower input.
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