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

Author Question: In Bangladesh one person can produce 330 pounds of rice or 110 shirts in one year. In Singapore one ... (Read 19 times)

Lobcity

  • Hero Member
  • *****
  • Posts: 524
on: Jun 30, 2018
In Bangladesh one person can produce 330 pounds of rice or 110 shirts in one year. In Singapore one person can produce 400 pounds of rice or 200 shirts in one year. Which of the following statements is true?
 a. Singapore has a comparative advantage in the production of rice.
 b. Singapore has both an absolute and comparative advantage in the production of rice.
  c. Bangladesh has a comparative advantage in the production of rice.
 d. Bangladesh has an absolute advantage in the production of rice.

Question 2

If transaction costs of negotiating are ____, the ____ suggests that the private market ____ allocate resources.
 a. high; Externality Theorem; will efficiently
  b. high; Coase Theorem; will not efficiently
  c. low; Coase Theorem; will efficiently
 d. both b. and c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Briannahope

  • Sr. Member
  • ****
  • Posts: 364
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


Lobcity

  • Member
  • Posts: 524
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

Dnite

  • Member
  • Posts: 297
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Four different spindle attachments produce four second-division segregation patterns Four different spindle attachments produce four second-division segregation patterns
Diverticulosis. It is the presence of abnormal pouches in the wall of the large intestine (diverticu Diverticulosis. It is the presence of abnormal pouches in the wall of the large intestine (diverticu
The Power and Control Wheels of Abusive Relationships When one person in a relationship repeatedly ... The Power and Control Wheels of Abusive Relationships When one person in a relationship repeatedly ...
W-2 form issued to employees at the end of the year. W-2 form issued to employees at the end of the year.
Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ... Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ...
Diagrams a mitotic chromosome, showing how chromatin is condensed to produce it Diagrams a mitotic chromosome, showing how chromatin is condensed to produce it
Video: Glucose Evaluation Procedure

For a complete list of videos, visit our video library