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

Author Question: If two countries, A and B, can produce the following amounts of two goods X and Y for a given amount ... (Read 46 times)

folubunmi

  • Hero Member
  • *****
  • Posts: 524
on: May 25, 2020

Question 1

The main advantage of trade between two countries is that
◦ employment in both countries will increase.
◦ both countries can produce beyond their previous resource and productivity constraints.
◦ both countries can consume beyond their previous resource and productivity constraints.
◦ trade makes both countries more self-sufficient.

Question 2

If two countries, A and B, can produce the following amounts of two goods X and Y for a given amount of resources:

​Good XGood Y
Country A10 7
Country B1210
Assuming there are no transport costs in trade.
◦ Country A has a comparative advantage in the production of good X and will export good Y.
◦ Country A has a comparative advantage in the production of good X and will import good Y.
◦ Country B has a comparative advantage in the production of good Y and will import good Y.
◦ Country A has a comparative advantage in the production of good Y and will export good Y.
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 folubunmi on May 25, 2020

jonathanballen97

  • Sr. Member
  • ****
  • Posts: 347
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


folubunmi

  • Member
  • Posts: 524
Reply 2 on: May 25, 2020
:D TYSM

lcapri7

  • Member
  • Posts: 350
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Furchgott's discovery that endothelial cells produce a vasodilating substance. Furchgott's discovery that endothelial cells produce a vasodilating substance.
The bimetallic temperature sensor spring controls the amount of silicone that is allowed into the ... The bimetallic temperature sensor spring controls the amount of silicone that is allowed into the ...
The Clean Development Mechanism allows developed countries The Clean Development Mechanism allows developed countries
Many countries do not produce enough food and need to import food from the United States Many countries do not produce enough food and need to import food from the United States
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Stepwise processing of pri-miRNA to produce miRNA Stepwise processing of pri-miRNA to produce miRNA
Video: Four Giant Convection Cells oF Earth

For a complete list of videos, visit our video library