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 58 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
Excellent

shewald78

  • Member
  • Posts: 340
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

The nonionic form does not occur in significant amounts in aqueous solutions The nonionic form does not occur in significant amounts in aqueous solutions
Worldly Goods Worldly Goods
At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da
Instruct the patient to use an applicator to apply a small amount of stool in the appropriate boxes ... Instruct the patient to use an applicator to apply a small amount of stool in the appropriate boxes ...
Adding additional amounts of ethyl alcohol (ethanol) increases the frequency reading. Adding additional amounts of ethyl alcohol (ethanol) increases the frequency reading.
Floral components. Anthers produce pollen and ovules produce eggs. Floral components. Anthers produce pollen and ovules produce eggs.
Video: Peptide Bond Formation Animation

For a complete list of videos, visit our video library