• 2022-05-27
    Suppose Jim and Tom can both produce baseball bats. If Jim’s opportunity cost of producing baseball bats is lower than Tom’s opportunity cost of producing baseball bats, then
    A: Tom must have an absolute advantage in the production of baseball bats.
    B: Jim must have an absolute advantage in the production of baseball bats.
    C: Tom has a comparative advantage in the production of baseball bats.
    D: Jim has a comparative advantage in the production of baseball bats.