Darryl Can Build Picnic Tables Twice as Fast as Trevon

question 147

Multiple Choice

Darryl can build picnic tables twice as fast as Trevon. Darryl can assemble swing sets three times as fast as Trevon. The law of comparative advantage suggests that

• A) Darryl can gain only at Trevon's expense.
• B) Trevon can gain only at Darryl's expense.
• C) both can gain if Darryl specializes in assembling swing sets and Trevon in building picnic tables.
• D) both can gain if Darryl specializes in building picnic tables and Trevon in assembling swing sets.

---

Definitions:

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise when the other party has reasonably relied on that promise to their detriment.

Consideration

Something of value promised to another when making a contract, which is required for the contract to be legally binding.

Contract Law

The body of law that regulates the making, enforcement, and interpretation of agreements between parties.

Consideration

Something of value, such as money, goods, or a promise, exchanged between parties in a contract.