Comparative advantage , specialization and gains from trade.
Robin and Terry are Stranded on a deserted island and consume two products, coconuts and fish. In a day, Robin can catch 2 fishes or gather 8 coconuts, and Terry can catch 1 fish or gather 1 coconut.
Use these numbers to prepare a table. Illustrate which person has a comparative advantage in fishing? Which person has a comparative advantage in gathering coconuts?