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 81 times)

erikka246

  • Full Member
  • ***
  • Posts: 150
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 resources
 to produce one unit of Y.
•In Country B it takes Xb units of resources to produce one unit of X and Yb units of resources
 to produce one unit of Y.
•Assume the amount of resources used to produce the goods in the two countries can be
 compared unambiguously.

TABLE 19-1

Refer to Table 19-1. If Xa is less than Xb, we can conclude with certainty that
◦ the opportunity cost of producing good X in Country A is less than in Country B.
◦ Country A has a comparative advantage in the production of good X.
◦ the opportunity cost of producing good X in Country A is higher than in Country B.
◦ the price of good X in Country A is less than the price in Country B.
◦ Country A has an absolute advantage in the production of good X.
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 erikka246 on Oct 12, 2022

Deonnak85

  • Full Member
  • ***
  • Posts: 158
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


erikka246

  • Member
  • Posts: 150
Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

patma1981

  • Member
  • Posts: 292
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

The flow of information in a eukaryotic cell The flow of information in a eukaryotic cell
A typical calibration code sticker on the case of a controller. The information on the sticker is ... A typical calibration code sticker on the case of a controller. The information on the sticker is ...
The flow of genetic information in a typical cell The flow of genetic information in a typical cell
Cereal production in Africa may decrease by as much as 50% by 2080 in some areas Cereal production in Africa may decrease by as much as 50% by 2080 in some areas
Cereal-box readers will read the information on the box as many as 12 times Cereal-box readers will read the information on the box as many as 12 times
Satellite data showing net primary production. Productivity is coded as red (highest) down through o Satellite data showing net primary production. Productivity is coded as red (highest) down through o
Video: Heart Chambers

For a complete list of videos, visit our video library