_l Opportunity Cost, Comparative Advantage and Absolute Advantage Practice Questions 1. You are given the following information about a newlywed couple and the time it takes each ofthem to do different chores: vacuuming a room or washing a load of dishes: Vacuumroom mm {a} Who has an absolute advantage in vacuuming? {b} Who has an absolute advantage in washing dishes? {c} Who has a comparative advantage in vacuuming a room? Show your work and explain your answer. {d} Who has a comparative advantage in washing dishes? Who your work and explain your answer. {e} Who should do which chore and why? 2. You are given the following information about two workers and the time it takes them to clean an office and a jail cell: m mm m_ Cleaning jail cell {a} Who has an absolute advantage cleaning ofces? {b} Who has an absolute advantage cleaning jail cells? {c} Who has a comparative advantage in cleaning offices? Show your work and explain your answer? {d} Who has a comparative advantage in cleaningjail cells? Show your work and explain your answer? {e} Who should do which chore and why? 3. Consider the following two countries Assume they produce only these two goods. cars __ Com uters __ Who has an absolute advantage in cars? Who has an absolute advantage in computers? Who has a comparative advantage in cars? Show your work and explain your answer Who has a comparative advantage in computers? Show your work and explain your answer. Which country should produce which good and why? What would be the benet of specialization? rhrbllpo'n