Suppose Jim and Tom Can Both Produce Two Goods: Baseball

question 131

Multiple Choice

Suppose Jim and Tom can both produce two goods: baseball bats and hockey sticks.Which of the following is not possible?

• A)Jim has an absolute advantage in the production of baseball bats and in the production of hockey sticks.
• B)Jim has an absolute advantage in the production of baseball bats and a comparative advantage in the production of hockey sticks.
• C)Jim has an absolute advantage in the production of hockey sticks and a comparative advantage in the production of baseball bats.
• D)Jim has a comparative advantage in the production of baseball bats and in the production of hockey sticks.

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Definitions:

Colloquial Words

Words or expressions used informally in everyday speech rather than in more formal language or writing.

Linear-Actives

Linear-Actives describe a cultural communication style characterized by directness, logic, and a systematic approach to tasks and interactions, focusing on organization and planning.

Multi-Actives

Describes individuals or cultures that engage in multiple activities simultaneously, often valuing personal interactions and fluid schedules over strict time management.

Reactives

Substances or entities that undergo a chemical reaction or a response in particular situations or under specific conditions.