Which of the following statements is true? O Individuals who have never been the

Question

Which of the following statements is true? O Individuals who have never been the best at doing anything perform all tasks at a higher opportunity cost than others. Individuals who have never been the best at doing anything cannot have a comparative advantage in producing any product. O Individuals who have never been the best at doing anything can still have a comparative advantage in producing some product Individuals who have never been the best at doing anything must have an absolute advantage in at least ones task.

Explanation / Answer

a) Statement "C" is true.

A person who has never been good at doing anything can be having a comparative advantage at something.

b) "A"

Haley has an absolute advantage in the production of bracelets and Serena in a necklace.

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