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(Table) Looking at the Data for Tom and Joe, What

Question 183

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(Table) Looking at the data for Tom and Joe, what specialization pattern will exist if trade is based on comparative advantage? (Table) Looking at the data for Tom and Joe, what specialization pattern will exist if trade is based on comparative advantage? A) Tom will specialize in shirts, and Joe will specialize in cakes. B) Tom will specialize in cakes, and Joe will specialize in shirts. C) Tom will specialize in both cakes and shirts. D) Joe will specialize in both cakes and shirts.


A) Tom will specialize in shirts, and Joe will specialize in cakes.
B) Tom will specialize in cakes, and Joe will specialize in shirts.
C) Tom will specialize in both cakes and shirts.
D) Joe will specialize in both cakes and shirts.

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