This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Consider the following information about the production of two goods, X and Y, in two countries, A ... (Read 98 times)

urmomsucks

  • Full Member
  • ***
  • Posts: 146
on: Oct 12, 2022

Consider the following information about the production of two goods, X and Y, in two countries, A and B:

  • In Country A it takes Xa units of resources to produce one unit of X and Ya units of resourcesto produce one unit of Y.
  • In Country B it takes Xb units of resources to produce one unit of X and Yb units of resourcesto produce one unit of Y.
  • Assume the amount of resources used to produce the goods in the two countries can becompared unambiguously.

TABLE 19-1

Refer to Table 19-1. If the ratio Xa/Ya is less than the ratio Xb/Yb, then we can say with certainty that


◦ Country A has a comparative advantage in the production of good X.
◦ The opportunity cost of producing good X in Country A is lower than in Country B.
◦ Country A has an absolute advantage in the production of good X.
◦ The opportunity cost of producing good X in Country A is higher than in Country B.
◦ The opportunity cost of producing good Y in Country A is less than in Country B.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by urmomsucks on Oct 12, 2022

Snabbey

  • Full Member
  • ***
  • Posts: 164
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.
Answer Preview
Only 35% of students answer this correctly


urmomsucks

  • Member
  • Posts: 146
Reply 2 on: Oct 12, 2022
:D TYSM

milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

In nest, under production In nest, under production
Healed bone fractures can provide clues about activities and fresh fractures can yield information a Healed bone fractures can provide clues about activities and fresh fractures can yield information a
Restricting visual information to one hemisphere in cats. To restrict visual information to one ... Restricting visual information to one hemisphere in cats. To restrict visual information to one ...
A Simplified Model of Information Flow in Human Memory A Simplified Model of Information Flow in Human Memory
Other countries are “Americanizing” their local culture’s diet Other countries are “Americanizing” their local culture’s diet
8.The following table contains DNA-sequence information compiled by Marilyn Kozak (1987). The ... 8.The following table contains DNA-sequence information compiled by Marilyn Kozak (1987). The ...
Video: Hemodynamics Animation

For a complete list of videos, visit our video library