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Author Question: In a simple two-country, two-good world, if the two countries, A and B, can produce the following ... (Read 76 times)

lilldybug07

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on: May 25, 2020
In a simple two-country, two-good world, if the two countries, A and B, can produce the following amounts of the two goods, X and Y, for a given amount of resources:

​Good XGood Y
Country A1510
Country B3020
Assuming there are no transport costs in trade.
◦ Country B has an absolute advantage in good X and will export good X to country A.
◦ Country B has a comparative advantage in both goods and will export both goods to country A.
◦ Country B has a comparative advantage in both goods, but no trade will take place.
◦ Neither country has a comparative advantage in either good and there are no economic gains from trading.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by lilldybug07 on May 25, 2020

Eazy416

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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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lilldybug07

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Reply 2 on: May 25, 2020
:D TYSM

FergA

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

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