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Nobel Laureate Paul Samuelson said that comparative advantage is one of the few ideas in economics that is both true and not obvious. Since it's
Nobel Laureate Paul Samuelson said that comparative advantage is one of the few ideas in economics that is both "true and not obvious." Since it's not obvious. we should practice with it a bit. In each of the cases below, who has the absolute advantage at each task, and who has the comparative advantage? a. In 3D minutes, Hana can either make miso soup or she can clean the kitchen. In 15 minutes, Mitchell can make miso soup; it takes Mitchell an hour to clean the kitchen. Hana has the comparative advantage in cleaning the kitchen. Hana has the absolute advantage in cleaning the kitchen. 'intchell has the comparative advantage in making miso soup. 'intchell has the absolute advantage in making miso soup
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