Suppose that in the time it takes for him to bake a cake, Bob can produce sew 5 pairs of jeans. In the time it takes for Joe to bake a cake, he can produce sew 8 pairs of jeans day. In this example, who has the absolute advantage in baking a cake?
A. Joe
B. both Bob and Joe
C. Bob
D. There is insufficient information to answer this question.
Answer:D
Suppose that in the time it takes for him to bake a cake, Bob can produce sew 5 pairs of jeans. In the time it takes for Joe to bake a cake, he can produce sew 8 pairs of jeans day. In this example, who has the absolute advantage in baking a cake?
A. Joe B. both Bob and Joe C. Bob D. There is insufficient information to answer this question.