This topic contains a solution. Click here to go to the answer

Author Question: In a simple two-country, two-good world, if the two countries, A and B, can produce the following ... (Read 45 times)

lilldybug07

  • Hero Member
  • *****
  • Posts: 546
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by lilldybug07 on May 25, 2020

Eazy416

  • Sr. Member
  • ****
  • Posts: 360
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




lilldybug07

  • Member
  • Posts: 546
Reply 2 on: May 25, 2020
:D TYSM


softEldritch

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

For a complete list of videos, visit our video library