Lili can do 60 econ or 40 math problems in 1 hour. Alan can do 50 econ or 30 math problems in one hour. Which of the following statements is true?   A. Lili has a comparative advantage in econ   B. Lili has a comparative advantage in math   C. Lili does not have a comparative advantage in anything   D. Lili has comparative advantage in both math and econ

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Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.