Homer and Teddy are stranded on a desert island. To feed themselves each day they can either catch fish or pick fruit. In a day, Teddy could pick 60 pieces of fruit or catch 20 fish. Homer could pick 100 pieces of fruit or catch 150 fish. Which of the following statements is correct?
A) Teddy has an absolute advantage in both catching fish and picking fruit.
B) Homer has an absolute advantage in both catching fish and picking fruit.
C) Homer has an absolute advantage in catching fish and Teddy has an absolute advantage in picking fruit.
D) Homer has an absolute advantage in picking fruit and Teddy has an absolute advantage in catching fish.
Correct Answer:
Verified
Q345: Missouri can produce 10,000 tons of pecans
Q346: Missouri can produce 10,000 tons of pecans
Q347: Q348: A person who has an absolute advantage Q349: To obtain the gains available from comparative