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 66 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?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Block Diagram of a High Concentrate Nitric Acid System for Dual-Stage Pressure Production of Nitric Block Diagram of a High Concentrate Nitric Acid System for Dual-Stage Pressure Production of Nitric
I took this photo on the outskirts of Hyderabad, India. Is this man deviant? If this were a U.S. ... I took this photo on the outskirts of Hyderabad, India. Is this man deviant? If this were a U.S. ...
Income of Adult Children Compared With That of Their Parents Income of Adult Children Compared With That of Their Parents
Holy Week in Spain Holy Week in Spain
ATP Production in Cardiac Muscle ATP Production in Cardiac Muscle
Nonshivering heat production Nonshivering heat production
Video: Bone processes - resorption and deposition, remodeling and response to stress in adult bones

For a complete list of videos, visit our video library