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

Author Question: If the international price of oranges is less than the domestic price of oranges in Spain, then ... (Read 108 times)

LaDunn

  • Hero Member
  • *****
  • Posts: 526
on: Jun 30, 2018
If the international price of oranges is less than the domestic price of oranges in Spain, then Spain will export oranges to other countries.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Iceland can produce 32 units of food per person per year or 16 units of clothing per person per year, but Lavaland can produce 36 units of food per year or 18 units of clothing. Which of the following is true?
 a. Iceland has both a comparative and absolute advantage in producing food.
 b. Iceland has a comparative advantage, but not an absolute advantage in producing food.
  c. Lavaland has both a comparative and absolute advantage in producing clothing.
 d. Lavaland has an absolute advantage, but not a comparative advantage in producing clothing.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tashiedavis420

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

d


LaDunn

  • Member
  • Posts: 526
Reply 2 on: Jun 30, 2018
Gracias!

Bigfoot1984

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Domestic cat Domestic cat
The New Solar Power Station Near Seville, Spain The New Solar Power Station Near Seville, Spain
Spain’s North American Frontier, c. 1750 Spain’s North American Frontier, c. 1750
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Holy Week in Spain Holy Week in Spain
International Business Management International Business Management
Video: Brief Summary on Photosynthesis - Animation

For a complete list of videos, visit our video library