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 80 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
Gracias!

FergA

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Phylogenies showing the relationships of some Old World primates Phylogenies showing the relationships of some Old World primates
Luna Park at Coney Island was a vast living theater in which strollers were both spectators and acto Luna Park at Coney Island was a vast living theater in which strollers were both spectators and acto
Examples of the most common X-ray positions and the images they produce. Examples of the most common X-ray positions and the images they produce.
Country of Birth of Authorized U.S. Immigrants Country of Birth of Authorized U.S. Immigrants
Good body mechanics when facing the table directly. A. Head and back in alignment. B. Legs and feet ... Good body mechanics when facing the table directly. A. Head and back in alignment. B. Legs and feet ...
The per capita emissions of the developed world The per capita emissions of the developed world
Video: Transmission Across a Synapse

For a complete list of videos, visit our video library