This topic contains a solution. Click here to go to the answer

Author Question: The following production possibilities schedule shows the quantities of soybeans and oil that can ... (Read 47 times)

knemetz3

  • Full Member
  • ***
  • Posts: 149

Question 1

An economy that engages in international trade is called
◦ a specialized economy.
◦ the gains from trade.
◦ an autarky.
◦ an open economy.
◦ a comparative advantage.

Question 2

The following production possibilities schedule shows the quantities of soybeans and oil that can each be produced in Canada and Mexico with one unit of equivalent resources.

Soybeans
(bushesls)
Oil
(barrels)
Canada6010
Mexico248
TABLE 19-3

Refer to Table 19-3. The opportunity cost of a barrel of oil in Mexico is
◦ 0.8 barrels of oil.
◦ 3 bushels of soybeans.
◦ 16 bushels of soybeans.
◦ 0.33 bushels of soybeans.
◦ 1.25 barrels of oil.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by knemetz3 on Oct 12, 2022

Preeti

  • Full Member
  • ***
  • Posts: 163
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 29% of students answer this correctly




knemetz3

  • Member
  • Posts: 149
Reply 2 on: Oct 12, 2022
Wow, this really help


epscape

  • Member
  • Posts: 335
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

For a complete list of videos, visit our video library