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

Author Question: Consider two countries that can produce wheat and coffee. The gains from trade when the two ... (Read 63 times)

awgagawg

  • Full Member
  • ***
  • Posts: 144
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

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

as4309

  • Full Member
  • ***
  • Posts: 166
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


awgagawg

  • Member
  • Posts: 144
Reply 2 on: Oct 12, 2022
Wow, this really help

amandanbreshears

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Activating a gene to produce “marathon mice.” Activating a gene to produce “marathon mice.”
Ivory trade in East Africa during the 1880s and 1890s Ivory trade in East Africa during the 1880s and 1890s
Countries of Origin of Asian Americans Countries of Origin of Asian Americans
Other countries are “Americanizing” their local culture’s diet Other countries are “Americanizing” their local culture’s diet
Growth of World Trade, 1870–2010 Growth of World Trade, 1870–2010
Saving and Investment Rates of Industrialized Countries, 1960–1974 Saving and Investment Rates of Industrialized Countries, 1960–1974
Video: Asthma Treatment

For a complete list of videos, visit our video library