Mary Lou was her high school’s valedictorian, starred as the first-chair oboe player, and was an all-state athlete on the soccer team. She was the best employee at DiCarlo's Pizza, where she worked through high school. She is great at English, math, and music. She can do just about anything better than everyone around her. How could she possibly benefit from trading with others if she is better at nearly everything? a. She can’t! When you’re as good as Mary Lou, you can do everything for yourself and you do not need to trade with others.b. Because Mary Lou is so nice, she does not want to take advantage of other people and, therefore, does not trade with them, because one person’s gain must be another person’s loss in a trade.c. Mary Lou can’t trade with other people because her opportunity costs are too low for other people to gain from trading with her.d. Mary Lou has an absolute advantage in just about everything, but gains from trade arise from comparative advantage, and Betty Sue does not have a comparative advantage in everything.

Correct Option is D “Mary Lou has an absolute advantage in just about everything, but gains from trade arise from comparative advantage, and Betty Sue does not have a comparative advantage in everything”.

Explanation:

The reason is that she is respectable at everything but she cannot offer her time at everything and eventually she will have to miss out at something which means that she won't have a comparative advantage over something and that is why she will have to trade for something if she desires to maximize her potential.

aquialaska aquialaska · Answer 2 · 2022-01-25T11:12:38+01:00

The statement i.e. correct is Option D, Mary Lou has an absolute advantage in just about everything is the correct answer for the phrase.

Above can be explain by following terms:

Mary is competent in many areas, but she is unable to devote her attention to all of them.
As a result, Mary will have to forego something, which means she will lose a competitive edge.
That is why, if she wants to maximize her potential, she will have to trade for anything.

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