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Author Question: One region is said to have an absolute advantage over another region in the production of good X when (Read 80 times)

Ethanolson3

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on: Oct 12, 2022

Question 1

If Canada's index of import prices is 250 and the index of export prices is 200, then the index of the terms of trade is
◦ 12.50.
◦ 125.00.
◦ 1.25.
◦ 0.80.
◦ 80.00.

Question 2

One region is said to have an absolute advantage over another region in the production of good X when
◦ the first region has a larger supply of the raw materials required to produce good X.
◦ an equal quantity of resources can produce more of good X in the first region than in the second region.
◦ the opportunity cost of one unit of X is lower in the first region than in the second region.
◦ the first region has a more productive labour force than the second.
◦ there is no demand for good X in the second region.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Ethanolson3 on Oct 12, 2022

brunoanthony

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Reply #1 on: Oct 12, 2022
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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Ethanolson3

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

jojobee318

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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