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

Question

1 Approved Answer

If a nation does not have an absolute advantage in producing anything, it a.will try to get along without trade. b.will have a comparative advantage

If a nation does not have an absolute advantage in producing anything, it a.will try to get along without trade. b.will have a comparative advantage in the activity in which it is least inefficient. c.has no comparative advantage either. d.will export raw materials and import finished products

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

International economics

International economics

Authors: Robert J. Carbaugh

13th Edition

978-1439038949, 1439038945, 978-8131518823

More Books

Students also viewed these Economics questions

Question

★★★★★
On July 1, 2017, Amos Corporation granted nontransferable, nonqualified stock options to certain key employees as additional compensation. The options permit the purchase of 20,000 shares of Amos's...

Answered: 1 week ago

Question

★★★★★
What is the conceptual framework? Why does the accounting profession need this framework?

Answered: 1 week ago

Question

★★★★★
The MINITAB output given in Figure 10.15 resulted from fitting a logistic regression model to the binary response variable prostatic capsule tumor penetration (CAPSULE) and the explanatory variables...

Answered: 1 week ago

Question

★★★★★
Comprehensive problem including special order, outsourcing, and segment elimination decisions Emerson Company's electronics division produces an MP3 player. The vice president in charge of the...

Answered: 1 week ago

Question

★★★★★
Assume a sales price per unit of $25, variable cost per unit $15, and total fixed costs of $18,000. If no units are sold, how much cost would the company incur? $27,000. Zero The amount of variable...

Answered: 1 week ago

Question

★★★★★
2 1 Complete client engagement acceptance form. Review correspondence files, prior year audit workpapers, permanent files, financial statements and NA auditor's reports. 3 Apollo Shoes, Inc. AUDIT...

Answered: 1 week ago

Question

★★★★★
1. What are the problems, and who owns them based on the window on behavior l. What are the problems, and who owns them based on the window on behavior?

Answered: 1 week ago

Question

★★★★★
Justify whether the following limit exists. The notation (x, y)(xo, yo)+ indicates that approaches the 20 from the positive side of x0 , and that y approaches to from the positive sied of ...

Answered: 1 week ago

Question

★★★★★
Select all that apply Which of the following are true of monitoring process outcomes? Multiple select question. Process outcomes fluctuations caused by something systematic in the process are...

Answered: 1 week ago

Question

★★★★★
On January 1, 2022, Pastel Inc. (Pastel) purchased 97,500 voting shares of Sunny Corporation (Sunny) for $253,500. Sunny has 150,000 outstanding voting. On that date, Sunny's common shares and...

Answered: 1 week ago

Question

★★★★★
The Plastics Division of Minock Manufacturing currently earns $2.86 million and has divisional assets of $26 million. The division manager is considering the acquisition of a new asset that will add...

Answered: 1 week ago

Question

★★★★★
Lauderdale Corporation is organized in three geographical divisions (regions) with managers responsible for revenues, costs, and assets in their respective regions. The firm is highly decentralized...

Answered: 1 week ago

Question

★★★★★
When a country has a comparative advantage in the production of a good, it means that it can produce this good at a lower opportunity cost than its trading partner. Then the country will specialize...

Answered: 1 week ago

Question

★★★★★
The following are summary financial data for Parker Enterprises, Inc., and Boulder, Inc., for three recent years: \begin{tabular}{|c|c|c|c|} \hline & Year 3 & Year 2 & Year 1 \\ \hline...

Answered: 1 week ago

Question

★★★★★
Ulysis Corporation makes and sells clothing to fashion stores throughout the coun- try. On December 31, 2000, before adjusting entries were made, it had the following account balances on its books:...

Answered: 1 week ago

Question

★★★★★
Juniper Company was formed in 1990. Sales have increased on the average of 5 percent per year during its first 10 years of existence, with total sales for 1999 amounting to $\$ 400,000$. Since...

Answered: 1 week ago

Previous Question Next Question