Answer to Question #81180 in Macroeconomics for Jacquise Hardy

Question

Tim's opportunity cost of producing 1 bushel of rye isbushels of corn, whereas Alyssa's opportunity cost of producing 1 bushel of rye isbushels of corn. Because Tim has a opportunity cost of producing rye than Alyssa, has a comparative advantage in the production of rye, and has a comparative advantage in the production of corn.

Answer 1

Each of the options normally has its advantages and disadvantages.
The essence of choice is based on selecting an option providing the most advantages and the least disadvantages.
However, once the choice is made in favor of a certain option, advantages, typical for another options, are lost. That is why, every choice is a trade off.