Question

I'd level shift this one, I'd say...

"I can appreciate that and you probably haven't had a chance to think about the advantage I have over my fellow agents in town...
"You see, the more listings I have, the more signs I have on the street. The more signs I have on the street, the more calls I get from buyers... and, of course, most of those buyers don't buy the house they call about and many of them will be very interested in our house."
"Can you see the advantage of listing with an agent that has 20-30 signs on the street working for you?"
Top Agent Alternative:
"It's funny you should say that... Benjamin Franklin said, 'If you need something done, ask a busy person.'"
A) Highlighting the advantage of increased listing visibility.
B) Emphasizing the benefits of a busy and productive agent.
C) Quoting Benjamin Franklin to support the importance of activity.
D) Encouraging the client to consider the agent's workload.

Answer 1

A comparative advantage allows entities to benefit from trade by focusing on activities where they are relatively more efficient, even without an absolute advantage. In the cleaning scenario, the faster individual should do the tasks they are much quicker at, while the roommates do others, mirroring how low-income countries can still benefit from trade.

Step-by-step explanation:

The question revolves around the concept of comparative advantage and how it applies in various scenarios, including a personal situation involving cleaning tasks among roommates and in a broader economic context involving international trade and low-income countries. The idea underscores that even without an absolute advantage, countries or individuals can still benefit from trade by focusing on activities where they are relatively more efficient.

For the personal scenario, you should assign the roommates to tasks where your cleaning speed advantage is less pronounced, allowing for the most overall efficiency in shared cleaning time. Problems that might arise include potential imbalances in effort and perceived fairness. A trade-related analogy for this problem could be that even if a country lacks an absolute advantage in any production, it can still benefit from trade by focusing on producing goods where it has a comparative advantage.