Multiple Choice
Tom and Jerry have two tasks to do all day: set traps and build bombs.If Tom spends all day setting traps,he will have set 16 traps.If he instead devotes his day to building bombs,Tom will build 4 bombs.If Jerry spends his day setting traps,he will set 14 traps;if he spends the day building bombs,he will build 7 bombs.After looking at the production possibilities for both Tom and Jerry,we can conclude that:
A) Tom has the comparative advantage in trap production.
B) Jerry has the comparative advantage in trap production.
C) Tom has the comparative advantage in bomb production.
D) No comparative advantage exists.
Correct Answer:

Verified
Correct Answer:
Verified
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