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Use the following to answer question:
Use the following to answer question:   -(Table: Fish and Coconut Production Possibilities) Use Table: Fish and Coconut Production Possibilities.The table shows the maximum number of fish and coconuts that Tom and Hank can produce if they produce only one good.In the absence of trade,Tom produces and consumes 9 fish and 2 coconuts,and Hank produces and consumes 3 fish and 2 coconuts.Now they decide to engage in trade.Which statement is INCORRECT? A) For both to become better off,each should specialize in the production of some good.However,since Hank is equally productive in both goods,it doesn't matter which good each specializes in. B) For both to become better off,each should specialize completely in the production of the good in which he has a comparative advantage. C) After trade,it is possible for Tom to consume 9 fish and 2.5 coconuts and for Hank to consume 3 fish and 2.5 coconuts. D) For each individual,the consumption point after trade will lie outside that individual's production possibility frontier.
-(Table: Fish and Coconut Production Possibilities) Use Table: Fish and Coconut Production Possibilities.The table shows the maximum number of fish and coconuts that Tom and Hank can produce if they produce only one good.In the absence of trade,Tom produces and consumes 9 fish and 2 coconuts,and Hank produces and consumes 3 fish and 2 coconuts.Now they decide to engage in trade.Which statement is INCORRECT?

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Definitions:

Fallacy

A mistaken belief or error in reasoning, often leading to invalid arguments.

False Dichotomy

A logical fallacy that involves presenting two opposing options as the only possibilities, when in fact more options exist.

Hasty Generalization

A logical fallacy in which a conclusion is not logically justified by sufficient or unbiased evidence.

False Alternative

A logical fallacy where only a limited set of options are presented, ignoring other viable alternatives.

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