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

Author Question: India has a comparative advantage compared to Spain in the production of clothing if (Read 81 times)

Diane

  • Hero Member
  • *****
  • Posts: 576
on: Apr 19, 2019

Question 1

Thailand has a comparative advantage in rice and an absolute advantage in both rice and cell phones. Indonesia has a comparative advantage in cell phones. According to this scenario


◦ Indonesia should import both cell phones and rice.
◦ Thailand should export both cell phones and rice.
◦ Thailand should export rice and import cell phones.
◦ Indonesia should export rice and import cell phones.

Question 2

India has a comparative advantage compared to Spain in the production of clothing if


◦ India can produce clothing at a lower monetary cost than Spain can.
◦ India can produce clothing using fewer resources than Spain can.
◦ the demand for clothing is higher in India than in Spain.
◦ India can produce clothing at a lower cost in terms of other goods than Spain can.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Diane on Apr 19, 2019

katara

  • Sr. Member
  • ****
  • Posts: 305
Reply #1 on: Apr 19, 2019
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


Diane

  • Hero Member
  • *****
  • Posts: 576
Reply #2 on: Apr 19, 2019
TY


katara

  • Sr. Member
  • ****
  • Posts: 305
Reply #3 on: Apr 19, 2019
You're welcome


« previous next »
 

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Pulmonary function test: spirometry. (a) Normal respiratory volumes, as measured during spirometry. Pulmonary function test: spirometry. (a) Normal respiratory volumes, as measured during spirometry.
The comparative brain sizes of different species The comparative brain sizes of different species
Cereal production in Africa may decrease by as much as 50% by 2080 in some areas Cereal production in Africa may decrease by as much as 50% by 2080 in some areas
Conventional oil reserves have passed peak production Conventional oil reserves have passed peak production
World Crude Oil Production and Reserves (Billions of Barrels) World Crude Oil Production and Reserves (Billions of Barrels)
Production of ATP in Skeletal Muscle Production of ATP in Skeletal Muscle
Video: Stomach peristalsis & Enterogastric reflex

For a complete list of videos, visit our video library