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

Author Question: The Principle of Comparative AdvantageThe table shows the production possibilities frontier for Gob ... (Read 50 times)

llesku

  • Full Member
  • ***
  • Posts: 175
on: Nov 23, 2022
The Principle of Comparative Advantage

The table shows the production possibilities frontier for Gob and George-Michael.
Gob​George-Michael
Magic TricksFrozen Bananas​Magic TricksFrozen Bananas
740​0​320​0
555​85​​240​205​
370​170​​160​410​
185​255​​80​615​
0340​​0820​
Assume before trade, Gob produced and consumed 370 magic tricks and 170 frozen bananas and George-Michael produced and consumed 160 magic tricks and 410 frozen bananas.  
Suppose Gob and George-Michael each specialize in making the good in which they have the comparative advantage and then trade. What are the overall gains from trade?
◦ 780 magic tricks, 240 frozen bananas
◦ 210 magic tricks, 1060 frozen bananas
◦ 210 magic tricks, 240 frozen bananas
◦ 240 magic tricks, 210 frozen bananas
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by llesku on Nov 23, 2022

labrinker

  • Full Member
  • ***
  • Posts: 162
Reply #1 on: Nov 23, 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 29% of students answer this correctly


llesku

  • Member
  • Posts: 175
Reply 2 on: Nov 23, 2022
Wow, this really help

raili21

  • Member
  • Posts: 324
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Juan Gris, The Table. Juan Gris, The Table.
The Periodic Table of Elements. The Periodic Table of Elements.
Fluidization - Data Table of experiment Fluidization - Data Table of experiment
Coolest Period Table EVER Coolest Period Table EVER
Gestalt Principle: Continuity Gestalt Principle: Continuity
According to Table 17.1, which will reduce water but not Mg2+? According to Table 17.1, which will reduce water but not Mg2+?
Video: Dissociative Disorders (Part 2)

For a complete list of videos, visit our video library