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Author Question: Consider two countries that can produce wheat and coffee. The gains from trade when the two ... (Read 64 times)

awgagawg

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on: Oct 12, 2022

Question 1

The largest portion of Canadian exports in 2019 was
◦ aircraft and other transportation equipment.
◦ chemical, plastic, and rubber products.
◦ energy products.
◦ metal ores and non-metallic minerals and products.
◦ industrial machinery, equipment, and parts.

Question 2

Consider two countries that can produce wheat and coffee. The gains from trade when the two countries have different opportunity costs are realized when
◦ production possibility boundaries shift inward.
◦ resources are reallocated within the two countries such that each specializes in the production of the good in which it has an absolute advantage.
◦ each country has an absolute advantage in one of the two commodities.
◦ the two countries continue to produce the same quantities of wheat and coffee.
◦ resources are reallocated within the two countries such that each specializes in the production of the good in which it has a comparative advantage.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by awgagawg on Oct 12, 2022

as4309

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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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awgagawg

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

jordangronback

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

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