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

Author Question: Refer to Table 7-4. a. Which country has an absolute advantage in the production of both light ... (Read 48 times)

Lobcity

  • Hero Member
  • *****
  • Posts: 524
on: Jun 29, 2018
Refer to Table 7-4.
 
  a. Which country has an absolute advantage in the production of both light bulbs and flash drives?
  b. Which country has a comparative advantage in the production of light bulbs?
  c. Which country has a comparative advantage in the production of flash drives?

Question 2

Refer to Table 7-4. Fill in the following table with the opportunity costs of producing light bulbs and flash drives for Mexico and Canada.
 
   Light Bulbs Flash Drives
  Mexico
  Canada
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Bigfoot1984

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 29, 2018
Answer to Question 1

a. Neither country has an absolute advantage in the production of both products.
b. Mexico has a comparative advantage in the production of light bulbs.
c. Canada has a comparative advantage in the production of flash drives.

Answer to Question 2

Light Bulbs Flash Drives
Mexico 0.25 4
Canada 4 0.25


Lobcity

  • Member
  • Posts: 524
Reply 2 on: Jun 29, 2018
Wow, this really help

ttt030911

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Drugs and their effect table Drugs and their effect table
3D Plant Layout - Side View for Dual-Stage Pressure Production of Nitric Acid 3D Plant Layout - Side View for Dual-Stage Pressure Production of Nitric Acid
Finish with bilateral stroking to the entire back. Stand at head of the table with fingers pointing ... Finish with bilateral stroking to the entire back. Stand at head of the table with fingers pointing ...
How to setup and solve a half-life problem using a table of values (Question 1) How to setup and solve a half-life problem using a table of values (Question 1)
Dash Warning Lights: Coolant Temperature Light Dash Warning Lights: Coolant Temperature Light
The periodic table and its creator, Dmitry Mendeleyev. The periodic table and its creator, Dmitry Mendeleyev.
Video: The Hypothalamus: The Body's Thermostat (Human Thermostat)

For a complete list of videos, visit our video library