This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In a simple two-country, two-good world, if the two countries, A and B, can produce the following ... (Read 48 times)

lilldybug07

  • Hero Member
  • *****
  • Posts: 546
on: May 25, 2020
In a simple two-country, two-good world, if the two countries, A and B, can produce the following amounts of the two goods, X and Y, for a given amount of resources:

​Good XGood Y
Country A1510
Country B3020
Assuming there are no transport costs in trade.
◦ Country B has an absolute advantage in good X and will export good X to country A.
◦ Country B has a comparative advantage in both goods and will export both goods to country A.
◦ Country B has a comparative advantage in both goods, but no trade will take place.
◦ Neither country has a comparative advantage in either good and there are no economic gains from trading.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by lilldybug07 on May 25, 2020

Eazy416

  • Sr. Member
  • ****
  • Posts: 360
Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


lilldybug07

  • Member
  • Posts: 546
Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review

CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
Models of simple transposition and replicative 3′ transposition Models of simple transposition and replicative 3′ transposition
World Population, 1850–2150 World Population, 1850–2150
Fertility in the Developing World Fertility in the Developing World
Simple Diffusion Simple Diffusion
Micrographs and drawings of three types of simple epithelia, with examples of their functions and lo Micrographs and drawings of three types of simple epithelia, with examples of their functions and lo
Video: Cardiac Cycle (Part 2 of 4)

For a complete list of videos, visit our video library