Based on Scenario 6.1 above, value added in the United States is

Explain the big tradeoff. What idea of fairness has been developed to deal with it?

What will be an ideal response?

If Terrell can produce more bagels in one day than Zori can produce in one day, then

a. Terrell has a comparative advantage in the production of bagels. b. Zori has a comparative advantage in the production of bagels. c. Terrell has an absolute advantage in the production of bagels. d. Terrell should produce bagels and Zori should spend her time on a different activity.