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a comparative advantage in growing tomatoes if om's marginal benefit from tomatoes is greater than Debra's Tom's opportunity cost of producing tomatoes is less than his opportunity cost of producing lettuce Tom has an absolute advantage in growing both tomatoes and lettuce Tom's opportunity cost of producing tomatoes is less than Debra's opportunity cost of producing tomatoes nas an absolute advantage in growing tomatoes and lettuce, he will

a comparative advantage in growing tomatoes if om's marginal benefit from tomatoes is greater than Debra's Tom's opportunity cost of producing tomatoes is less than his opportunity cost of producing lettuce Tom has an absolute advantage in growing both tomatoes and lettuce Tom's opportunity cost of producing tomatoes is less than Debra's opportunity cost of producing tomatoes nas an absolute advantage in growing tomatoes and lettuce, he will

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter33: International Trade
Section: Chapter Questions
Problem 30P: In Japan, one worker can make 5 tons of rubber or 80 radios. In Malaysia, one worker can make 10...
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This question: 1. Tom and Debra are the only people in an isolated village who grow tomatoes and lettuce. Under what conditions does Tom have a comparative advantage in growing tomatoes? What happens if Tom has an absolute advantage in growing tomatoes and lettuce? Tom has a comparative advantage in growing tomatoes if O A. Tom's marginal benefit from tomatoes is greater than Debra's OB. Tom's opportunity cost of producing tomatoes is less than his opportunity cost of producing lettuce C. Tom has an absolute advantage in growing both tomatoes and lettuce O D. Tom's opportunity cost of producing tomatoes is less than Debra's opportunity cost of producing tomatoes If Tom has an absolute advantage in growing tomatoes and lettuce, he will O A. be unable to trade with Debra B. have an equal opportunity cost of growing both goods OC. perform all activities at the lowest opportunity cost O D. have a comparative advantage in one activity but not both MacBook Pro
Transcribed Image Text:This question: 1. Tom and Debra are the only people in an isolated village who grow tomatoes and lettuce. Under what conditions does Tom have a comparative advantage in growing tomatoes? What happens if Tom has an absolute advantage in growing tomatoes and lettuce? Tom has a comparative advantage in growing tomatoes if O A. Tom's marginal benefit from tomatoes is greater than Debra's OB. Tom's opportunity cost of producing tomatoes is less than his opportunity cost of producing lettuce C. Tom has an absolute advantage in growing both tomatoes and lettuce O D. Tom's opportunity cost of producing tomatoes is less than Debra's opportunity cost of producing tomatoes If Tom has an absolute advantage in growing tomatoes and lettuce, he will O A. be unable to trade with Debra B. have an equal opportunity cost of growing both goods OC. perform all activities at the lowest opportunity cost O D. have a comparative advantage in one activity but not both MacBook Pro
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