If there is no comparative advantage between two countries: Select one: a. One country must be more
Question:
a. One country must be more productive in producing all goods than the other.
b. The benefits resulting from trade are increased.
c. There are no gains from specialization and trade.
d. Each country should specialize in the production of a particular commodity.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (12 reviews)
Wellthis is a rare case But if there is no comparative advantage between two ...View the full answer
Answered By
Sandip Nandnawar
I am a B.E (Information technology) from GECA and also have an M.C.M from The University of RTMNU, MH.
I worked as a software developer (Programmer and TL). Also working as an expert for the last 6 years and deal with complex assessment and projects. I have a team and lead a team of experts and conducted primary and secondary research. I am a senior software engg and senior expert and deal with all types of CSE and IT and other IT-related assessments and projects and homework.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
Question Posted:
Students also viewed these Cost Accounting questions
-
Multiple Choice Questions: 1. Assume that the opportunity cost of producing a pair of pants in the United States is 2 pounds of rice, while in China, it is 5 pounds of rice. As a result, a. The...
-
The following table describes the number of yards of cloth and barrels of wine that can be produced with a weeks worth of labor in England and Portugal. Assume that no other inputs are needed. a. If...
-
The hypothetical figures in Table give five alternate combinations of steel and autos that Japan and South Korea can produce if they fully use all factors of production at their disposal with the...
-
What is the square root of 3 to the square root of 2 power times the square root of 3 to the negative square root of 2 power?
-
Effect of deferrals on financial statements: three separate single-cycle examples Required a. On February 1, 2010, Moore, Inc., was formed when it received $70,000 cash from the issue of common...
-
Water at 10°C is flowing in the shell shown in Fig. 9.18 at the rate of 850 L/min. The shell is a 50 mm OD Ã 1.5 mm wall copper tube and the inside tubes are 15 mm OD Ã 1.2 mm wall...
-
Presented below are common-sized income statement data for three well-known companies representing three different industries (pharmaceutical, beverage, and diversified): 1. Bristol-Myers Squibb 2....
-
The trial balance of De Bortoli Co. shown below does not balance. Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals the...
-
You are considering opening a new plant. The plant will cost $96.35 million up front and will take one year to build. After that, it is expected to produce profits of $31.27 million at the end of...
-
Write the general form of the capacitor voltage for the electrical network shown in Figure P4.4. R = 10 k2 vit) = u(t) R2 = 10 k2 C = 10 F L= 200 H FIGURE P4.4
-
Without environmental sustainability, economic stability and social cohesion cannot be achieved. Discuss!
-
At the end of 1987, you bought a piece of land for $35,000. In addition to the $35,000, you paid $1,700 in closing costs (costs associated with the purchase and title registration). For the years...
-
What is the purpose of Regulation SK? a. Defines generally accepted accounting principles in the United States. b. Establishes required disclosure of nonfinancial information with the SEC. c....
-
Currently working on Project paper with title "Digital Trade in Malaysia and It's implication to ASEAN country" Base on title above, what is the suitable Dependent variables and Independent...
-
Starting on her 40 th birthday, Lynette plans to start saving for her retirement.She will contribute $8,000 to a brokerage account each year on her birthday, starting today. Her 25 th and final...
-
Research and graph bar charts comparing the following aspects about The New Deal and the Stimulus Package: Effect on unemployment rate Estimated number of jobs created as a percentage of the...
-
An arrow fired horizontally at 35m/s travels 27mhorizontally, before landing on the ground. a) From what height above the ground was it fired? Express your answer to two significant figures and...
-
Thank you for applying for Brand Associate position at Gap Factory Highstreet. My name is Avis, I am the General Manager. I would love to connect with you about this position. This email is the first...
-
For the following exercises, use each set of functions to find f(g(h(x))). Simplify your answers. Given functions p(x) = and m(x) = x - 4, state the domain of each of the following functions using...
-
Refer to the table to answer the following questions. Year Nominal GDP (in billions) Total Federal Spending (in billions) Real GDP (in billions) Real Federal Spending (in billions) 2000 9,817 578...
-
The figure shown is formed of 0.075-in.-diameter aluminum wire. Knowing that the specific weight of aluminum is 0.10 lb/in3, determine the mass products of inertia Ixy, Iyz , and Izx of the wire...
-
A homogeneous wire with a mass per unit length of 1.8 kg/m is used to form the figure shown. Determine the mass products of inertia Ixy, Iyz, and Izx of the wire figure. 0.5 m 0S m OS m
-
Complete the derivation of Eqs (9.47), which express the parallel-axis theorem for mass products of inertia.
-
Find the time required for an investment of 5000 dollars to grow to 7900 dollars at an interest rate of 3.1 percent per year, compounded monthly.
-
A family member is considering a retirement income stream with either cash flows of 30 years or cash flows forever.Both options have cash flows of $5,000 occurring at the end of each period and an...
-
a. Fill in the missing numbers in the following income statement: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g. 32. Sales Costs Depreciation...
Study smarter with the SolutionInn App