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

Author Question: One region is said to have an absolute advantage over another region in the production of good X when (Read 83 times)

Ethanolson3

  • Full Member
  • ***
  • Posts: 146
on: Oct 12, 2022

Question 1

If Canada's index of import prices is 250 and the index of export prices is 200, then the index of the terms of trade is
◦ 12.50.
◦ 125.00.
◦ 1.25.
◦ 0.80.
◦ 80.00.

Question 2

One region is said to have an absolute advantage over another region in the production of good X when
◦ the first region has a larger supply of the raw materials required to produce good X.
◦ an equal quantity of resources can produce more of good X in the first region than in the second region.
◦ the opportunity cost of one unit of X is lower in the first region than in the second region.
◦ the first region has a more productive labour force than the second.
◦ there is no demand for good X in the second region.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Ethanolson3 on Oct 12, 2022

brunoanthony

  • Full Member
  • ***
  • Posts: 169
Reply #1 on: Oct 12, 2022
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 59% of students answer this correctly


Ethanolson3

  • Member
  • Posts: 146
Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

Jossy

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Balancing selection and heterozygote advantage. Balancing selection and heterozygote advantage.
In nest, under production In nest, under production
SPE densitometry showing an M spike in the gamma region. SPE densitometry showing an M spike in the gamma region.
Apply effleurage with wave motion to posterior cervical region. Use fingertips to slide along ... Apply effleurage with wave motion to posterior cervical region. Use fingertips to slide along ...
Potatoes are a good source of complex carbohydrates Potatoes are a good source of complex carbohydrates
Project Management: Achieving Competitive Advantage Project Management: Achieving Competitive Advantage
Video: Electromagnetic Spectrum, Chlorophyll and Pigment & Light

For a complete list of videos, visit our video library