Respuesta :
FALSE.
In an economy consisting of two people producing two goods, it is not possible for one person to have both the absolute advantage and the comparative advantage in both goods simultaneously.
The concept of absolute advantage refers to a situation where one person can produce a good with fewer resources or in less time compared to another person. Comparative advantage, on the other hand, refers to a situation where one person has a lower opportunity cost of producing a good compared to another person.
Since absolute advantage focuses on the efficiency of production, it is unlikely that one person would be more efficient in producing both goods. Moreover, comparative advantage is based on the concept of opportunity cost, which implies that one person has to give up less of one good to produce more of another. Therefore, it is improbable for one person to have a comparative advantage in both goods.
In an economy consisting of two people producing two goods, it is not possible for one person to have both the absolute advantage and the comparative advantage in both goods simultaneously.
The concept of absolute advantage refers to a situation where one person can produce a good with fewer resources or in less time compared to another person. Comparative advantage, on the other hand, refers to a situation where one person has a lower opportunity cost of producing a good compared to another person.
Since absolute advantage focuses on the efficiency of production, it is unlikely that one person would be more efficient in producing both goods. Moreover, comparative advantage is based on the concept of opportunity cost, which implies that one person has to give up less of one good to produce more of another. Therefore, it is improbable for one person to have a comparative advantage in both goods.
FALSE. In an economy consisting of two people producing two goods, it is not possible for one person to have both the absolute advantage and the comparative advantage in both goods simultaneously.
The concepts of absolute advantage and comparative advantage are based on the idea of specialization and trade, where individuals or countries focus on producing goods in which they have a comparative advantage (ability to produce at a lower opportunity cost) and trade with others to obtain goods in which they have a higher opportunity cost.
If one person has the absolute advantage in producing both goods, it means that they can produce more of both goods compared to the other person. However, comparative advantage is determined by the relative opportunity cost of producing different goods, which means that one person will have a lower opportunity cost in producing one good compared to the other person. This implies that there will be a division of labor and specialization, with each person focusing on producing the good in which they have a comparative advantage and trading with each other to maximize overall production and consumption.
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