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

Author Question: The Gains from International TradeThe table shows the production possibilities for two countries: ... (Read 8 times)

gboileau

  • Full Member
  • ***
  • Posts: 158
on: Nov 23, 2022
The Gains from International Trade

The table shows the production possibilities for two countries: Loompa Land and Wakanda.
Loompa Land​Wakanda
VibraniumChocolate​VibraniumChocolate
52​0​232​0
39​27​​174​18​
26​54​​116​36​
13​81​​58​54​
0108​​072​
In autarky, Loompa Land is producing 26 pounds of vibranium and 54 pounds of chocolate and Wakanda is producing 116 pounds of vibranium and 36 pounds of chocolate. Assume that each country specializes in production of the good in which they have the comparative advantage. How many additional pounds of vibranium and chocolate are produced after trade?
◦ 52 pounds of vibranium, 72 pounds of chocolate
◦ 90 pounds of vibranium, 18 pounds of chocolate
◦ 232 pounds of vibranium, 108 pounds of chocolate
◦ -90 pounds of vibranium, -18 pounds of chocolate
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by gboileau on Nov 23, 2022

ekattan2

  • Full Member
  • ***
  • Posts: 151
Reply #1 on: Nov 23, 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 29% of students answer this correctly


gboileau

  • Member
  • Posts: 158
Reply 2 on: Nov 23, 2022
Gracias!

billybob123

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

The salivary glands, parotid, sublingual, and submandibular. This image shows the position of each g The salivary glands, parotid, sublingual, and submandibular. This image shows the position of each g
This lithograph of the New York draft riots, 1863, shows that although the rioters mainly targeted b This lithograph of the New York draft riots, 1863, shows that although the rioters mainly targeted b
a) Avoid bending your spine from working with the table too low. b) Avoid hiking your shoulders from ... a) Avoid bending your spine from working with the table too low. b) Avoid hiking your shoulders from ...
Mobilize the rib cage. Redrape to cover the chest, and stand to one side of the table. Place your ... Mobilize the rib cage. Redrape to cover the chest, and stand to one side of the table. Place your ...
How to create a frequency table and histogram from raw data How to create a frequency table and histogram from raw data
The production of a new allopolyploid species The production of a new allopolyploid species
Video: Regulation of GFR: autoregulation via tubuloglomerular feedback, neural & hormonal regulation

For a complete list of videos, visit our video library