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Hatshy [7]2 years ago

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Answer:

search marketing strategist

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Assume the macro islands can produce either 25 fishing boats or 150 jars of guava jelly in one hour. the micro islands can produ

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Answer:

The correct answer is letter "C": the Macro Islands have a comparative advantage in producing fishing boats, and the Micro Islands have a comparative advantage in producing guava jelly.

Explanation:

Comparative advantage is an advantage an individual, organization or country has to use opportunity costs in their production compared to their competitors. The scenario described above does not imply that the individual, organization or country has an absolute advantage.

In the example proposed:

Comparative advantage of Macro islands in fishing boats = $\frac{25}{150}= 0.17$
Comparative advantage of Micro islands in fishing boats = $\frac{30}{300} = 0.10$

Comparative advantage of Macro islands in jars = $\frac{150}{25} = 6$
Comparative advantage of Micro islands in jars = $\frac{300}{30} = 10$

Thus, the Macro Islands have a comparative advantage in producing fishing boats, and the Micro Islands have a comparative advantage in producing guava jelly.

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If women only have two children, what will our population do by 2150? grow to 8.7 billion grow to 10.8 billion decrease to 4 bil

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The correct answer is : grow to 10.8 billion

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According to adam smith and other classical economist,

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Because It is based on self-interest.
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