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You Are the Minister of Trade for a Small Island

Question 154

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You are the Minister of Trade for a small island country with the following annual PPC: You are the Minister of Trade for a small island country with the following annual PPC: You are negotiating a trade agreement with a neighboring island with the following annual PPC:   If the other island's delegate offers to give you 2 fish for every 1 coconut you give them, you will: A) accept their offer because you do not have the comparative advantage in fish. B) refuse their offer because the opportunity cost to you of a coconut is more than 2 fish. C) accept their offer because you do not have an absolute advantage in fish. D) refuse their offer because the opportunity cost to you of a coconut is less than 2 fish. You are negotiating a trade agreement with a neighboring island with the following annual PPC:
You are the Minister of Trade for a small island country with the following annual PPC: You are negotiating a trade agreement with a neighboring island with the following annual PPC:   If the other island's delegate offers to give you 2 fish for every 1 coconut you give them, you will: A) accept their offer because you do not have the comparative advantage in fish. B) refuse their offer because the opportunity cost to you of a coconut is more than 2 fish. C) accept their offer because you do not have an absolute advantage in fish. D) refuse their offer because the opportunity cost to you of a coconut is less than 2 fish.  
If the other island's delegate offers to give you 2 fish for every 1 coconut you give them, you will:


A) accept their offer because you do not have the comparative advantage in fish.
B) refuse their offer because the opportunity cost to you of a coconut is more than 2 fish.
C) accept their offer because you do not have an absolute advantage in fish.
D) refuse their offer because the opportunity cost to you of a coconut is less than 2 fish.

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