A country that has an absolute advantage over another country in producing a product __________ a comparative
Question:
A country that has an absolute advantage over another country in producing a product __________ a comparative advantage as well.
a. Will have.
b. May have.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
b May have Feedback If a country has an a...View the full answer
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Microeconomics Principles, Problems and Policies
ISBN: 978-1259450242
20th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
Question Posted:
Students also viewed these Business questions
-
Distinguish between an absolute advantage and a comparative advantage. Cite an example of a country that has an absolute advantage and one with a comparative advantage.
-
True or False: If Country B has an absolute advantage over Country A in producing bicycles, it will also have a comparative advantage over Country A in producing bicycles.
-
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 coordinates of points A and B are given below: Easting Northing Height (meter) (meter) (meter) 41.676 66.446 225.973 127.066 31.063 185.401 Point A B What is the bearing of AB (from A to B)?...
-
A bipartite graph, G = (V, E), is a graph such that V can be partitioned into two subsets V1 and V2 and no edge has both its vertices in the same subset. a. Give a linear algorithm to determine...
-
Does your overall assessment of the industry suggest that industry rivals have sufficiently attractive opportunities for growth and profitability? Explain.
-
Refer to the data for Builder Bee Equipment in P5-48B. However, assume Builder Bee Equipment uses the average cost method. Requirements 1. Prepare a perpetual inventory record using average cost....
-
Many luxury sheets cost less than $200 to make but sell for more than $500 in retail stores. Some cost even more-consumers pay almost $3,000 for Frett'e "TangeriPizzo" king-size luxury linens. The...
-
4. Find f'(x) for f(x) = 3x+2 4x-5 6. Find the intervals of increasing, decreasing, and constant for f(x) = x-3x-9x + 12. 8. Determine the concavity of the function (concave up and concave down) and...
-
In this exercise, you will complete the Moonbucks application that you created in Exercise 2 in Chapter 2. a. Use Windows to copy the Moonbucks Solution folder from the VB2017\Chap02 folder to the...
-
Ramelteon is a hypnotic agent used in the treatment of insomnia: a) What is the molecular formula of this compound? b) How many sp 3 -hybridized carbon atoms are present in this structure? c) How...
-
For each compound below, identify the most acidic proton in the compound: (a) (b) (c) (d) (e) (f) (g) (h) -NH2 -
-
A hospital emergency room needs the following numbers of nurses. Each nurse should have two consecutive days off. How many full-time nurses are required and what is a good nurse schedule? Day Min....
-
Ask older friends or relatives about the cost of specific items (e.g., a gallon of gas, a cup of coffee, etc.) during their youth. Also inquire bout their average wages in the past. Compare the...
-
What are the three main types of assistance available to the general public for completing their tax forms?
-
Calculate the 2011 total tax for Gordon Geist, a single taxpayer without dependents and no itemized deductions. He has an active income of $40,000, a shortterm capital gain income of $4,000 from the...
-
Summarize the five steps that make up the financial planning process.
-
List and explain the four common concerns that should guide all financial plans.
-
Use the 2015 Annual Report, 10-K, of Foot Lockers, Inc., to answer the following questions. You can locate Foot Locker's financial statements on its web site or the Securities and Exchange...
-
In the busy port of Chennai, India, the number of containers loaded onto ships during a 15-week period is as follows: 1. Develop a linear trend equation to forecast container loadings. 2. Using the...
-
In 2016 the price of oil fell to a 12-year low. For drivers, the cost of driving fell significantly as gasoline prices plunged. For the airline industry, the cost of operation also fell significantly...
-
Assume that due to a decrease in demand, the average domestic airline fare decreased from $371.72 in the third quarter of 2015 to $362.56 in the fourth quarter of the same year, a decrease of $9.16....
-
Streaming music services have changed the way we listen to music. Spotify, Pandora, Tidal, and Google Play are some of the more popular services. These companies offer free access to music. For a...
-
Sharif and Judith are married and purchased a vacation home together in Maine for $ 2 5 0 , 0 0 0 . Sharif died suddenly six months later and at that time the fair market value of the vacation home...
-
The learning rate is expected to be85%.Given that the first unit took5hours to complete,how many hours will the10 th unit take to make?How many hours will the25 th unit take to make? How many hours...
-
Indicate whether the following statements are "TRUE" or "FALSE" 1- Financial accounting is considered to be the backbone to top management. 2- Cost accounting identifies, summarizes and interprets...
Study smarter with the SolutionInn App