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 76 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
Thanks for the timely response, appreciate it

Mochi

  • Member
  • Posts: 300
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus
Divorce Rates, Selected Countries In many countries divorce rates have risen in recent decades. Divorce Rates, Selected Countries In many countries divorce rates have risen in recent decades.
Using alert labels enables the medical staff to quickly identify important information such as ... Using alert labels enables the medical staff to quickly identify important information such as ...
Production efficiency vs. trophic efficiency Production efficiency vs. trophic efficiency
Complete the following production chart and plot the points. Complete the following production chart and plot the points.
A comparison of sperm production and egg production in humans A comparison of sperm production and egg production in humans
Video: Nucleic acid digestion - brush border enzymes, end products & transport mechanism

For a complete list of videos, visit our video library