It makes sense that Martha Stewart hires another person to do her ironing

It makes sense that martha stewart hires another

  • Harvard University
  • ECON 213
  • Test Prep
  • gaogao
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103. It makes sense that Martha Stewart hires another person to do her ironing because: A) she never learned how to iron. B) her opportunity cost of ironing is the same as the opportunity cost for the person she hires. C) her opportunity cost of ironing is lower than the opportunity cost for the person she hires. D) her opportunity cost of ironing is higher than the opportunity cost for the person she hires. 104. Trade increases production partly by taking advantage of:
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Page 23 105. Trade increases production partly by taking advantage of: 106. Self-sufficiency: 107. Which of the following statements is TRUE about trade? A) Everyone can benefit from trade, even people who trade with someone from a foreign country. B) Comparative advantage is based on specializing in products that have a high opportunity cost of production. C) If a person can do everything better than anyone else, there is no reason for that person to trade with others. D) Trade makes one party better off but the other party worse off, so there is no net gain to society.
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