Suppose John and Yoko can spend their time picking peaches or making cream. Their productivity at each activity is the following: John 240 60 Yoko 120 40 - Who has the absolute advantage in picking peaches? Making cream? Why? - Who has the comparative advantage in picking peaches? Making cream? Why? Which of the following statements accurately describes the pattern of specialization and trade in the case of John and Yoko? 1. John will specialize in picking peaches, Yoko will specialize in making cream, and mutually beneficial trade can occur. 2. John will specialize in making cream, Yoko will specialize in picking peaches, and mutually beneficial trade can occur. 3. Mutually beneficial trade cannot occur because John is more productive than Yoko is at both activities. 4. Mutually beneficial trade cannot occur because Yoko is more productive than John is at both activities