FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consider the following table which shows the yield per acre of cotton and wheat in two countries, USA and Mexico: _____________ has the absolute advantage

Consider the following table which shows the yield per acre of cotton and wheat in two countries, USA and Mexico: _____________ has the absolute advantage in the production of wheat, and __________ has the comparative advantage in the production of wheat.

YIELD PER ACRE

USAMexicoCotton1012Wheat3040

USA; Mexico.

USA; USA.

Mexico; Mexico.

Mexico; USA.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Legal Fundamentals for Canadian Business

Legal Fundamentals for Canadian Business

Authors: Richard A. Yates

4th edition

133370283, 978-0133370287

More Books

Students also viewed these Economics questions

Question

★★★★★
A major videocassette rental chain is considering opening a new store in an area that currently does not have any such stores; the chain will open if there is evidence that more than 5,000 of the...

Answered: 1 week ago

Question

★★★★★
5. Gasotransmitters diffuse through membranes and interact with internal receptors to transmit information. Gases can communicate from postsynaptic neurons to presynaptic neurons. (LO3)

Answered: 1 week ago

Question

★★★★★
How would you help your students evaluate the information they are finding on the Web?

Answered: 1 week ago

Question

★★★★★
An article published in Accounting Horizons describes various techniques that companies use to manage their earnings. Required: In your library or from some other source, locate the article How Are...

Answered: 1 week ago

Question

★★★★★
in what situation can a broker disperse funds to a party in a transaction without the consent of the other party and without notifying the Florida Real Estate Commission

Answered: 1 week ago

Question

★★★★★
Jake Nguyen runs a nervous hand through his once finely combed hair. He loosens his once perfectly knotted silk tie. And he rubs his sweaty hands across his once immaculately pressed trousers. Today...

Answered: 1 week ago

Question

★★★★★
Which of the following examples are most likely to be batch level activities? Select one: O a. Machine setup AND Designing products. O b. Materials handling AND Advertising. O c. Machining AND...

Answered: 1 week ago

Question

★★★★★
Evaluate own performance and adjust own performance if required to align with organisational values eg: do you make expectations clear do you lead by example do you provide appropriate coaching,...

Answered: 1 week ago

Question

★★★★★
Discussion Questions What ethical issues are the cause of the scandal? Winterkorn said that "I am not aware of any wrongdoing on my part." What do you think VW customers think? Investors? Employees?...

Answered: 1 week ago

Question

★★★★★
The technology company that you work for is designing a new microchip to be used in school classrooms. Your job as the employee is to determine the specs of the chip. They have told you that it will...

Answered: 1 week ago

Question

★★★★★
The risk-to-adoption relationship can be considered ___. 1 point Both positively and negatively correlated Negatively correlated Positively correlated There is no relationship

Answered: 1 week ago

Question

★★★★★
A ___________ provides the greatest degree of continuity of the business. Question 14 options: Cooperative Corporation Sole Proprietorship Partnership

Answered: 1 week ago

Question

★★★★★
INSTRUCTIONS After reading Module 3: Week 3, in Chen in the Budget Tools textbook, go to page 44, complete the following assignment: Using an Excel spreadsheet, complete all portions of questions...

Answered: 1 week ago

Question

★★★★★
12. Think through the last week. If you could have changed some of your behaviour, what would you have changed? How would you have changed that? What would you seek to achieve by changing your...

Answered: 1 week ago

Question

★★★★★
The work role: This consists of service to others at your workplace.

Answered: 1 week ago

Question

★★★★★
The role of society: This consists of service to the local community, society and nature.

Answered: 1 week ago

Previous Question Next Question