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Author Question: If two countries, A and B, can produce the following amounts of two goods X and Y for a given amount ... (Read 47 times)

folubunmi

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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
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Marked as best answer by folubunmi on May 25, 2020

jonathanballen97

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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.
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folubunmi

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Reply 2 on: May 25, 2020
Excellent

komodo7

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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