Homework Answers
Ans: is producing imports indirectly more efficiently than it could domestically..
Explanation:
A country has comparative advantage in production of a good which it can produce at lower opportunity cost. And import the goods from other country in which production it has comparative disadvantage.
Thus, option [B] is correct answer.
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Comparative advantage By is producinade because its according to C) is producing imports indirectly more efficient...
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Only answer if you are a real economist, and sure about your answers . Because I’m...
Only answer if you are a real economist, and sure about your
answers . Because I’m sick of people posting random and waste my
questions credit !
Explain why that’s the point of question here . Explain and
give more details when you choice
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According to the article (pictured below), why are people in Shenzhen not worried about Trump's threat...
According to the article (pictured below), why are people in
Shenzhen not worried about Trump's threat of bringing back jobs
from China? Your answer should focus on the culture and
socialization in China.
SHENZHEN, China-U.S. President-elect Donald Trump's threat to compel Apple Inc. and others to manufacture more at home should strike fear into this Chinese megacity where many of the world's high-tech gadgets are made. Once a sleepy village, Shenzhen today is the sprawling epicenter of China's consumer-electronics industry,...
characteristic that tends to affect the probability of trade existing 6) According to the gravity model, a characteri between any two countries is A) their cultural affinity. B) the average weight/value of their traded goods. C) their colonial-historical ties. D) the distance between them. E) the number of different product varieties produ of different product varieties produced by their industries. 7) Why does the gravity model work? A) Large economies became large because they wer B) Large economies have relatively...
3. Comparative advantage and gains from trade Consider two neighboring island countries called Arcadia and Felicidad. They each have 4 million labor hours available per week that they can use to produce jeans, corn, or a combination of both. The following table shows the amount of jeans or corn that can be produced using 1 hour of labor Jeans Corn Country Pairs per hour of labor) (Bushels per hour of labor) Arcadia Felicidad 12 24 8 32 Initially, suppose Arcadia...
Only answer if you are a real economist, and sure about your
answers . Because I’m sick of people posting random and waste my
questions credit !
Explain why that’s the point of question here . Explain and
give more details when you choice
1) The trade-to-GDP ratio for a nation that had S600 million in exports, $400 million in imports, and GDP of $2,000 million would be A) 0.1 B) 0.2 C) 0.5 D) -0.1 2) A relative measure...
2006, interest rates increased from 5% to 7%, when this happens consumers are A. less likely to save, that is, sell a financial asset. B. more likely to save, that is, sell a financial asset. C. less likely to save, that is, purchase a financial asset. D. more likely to save, that is, purchase a financial asset. I. In 2. If commercial banks hold all their assets in the form of required reserves: A. only they will be able to...
Question 70 2.5 pts In the unemployment rate, part-time workers are: not included in the labor force. included in the labor force, but counted as unemployed. treated the same way as discouraged workers. included in the labor force and counted as employed. Question 69 2.5 pts Which of the following would be officially classified as unemployed? O a school administrator who has been working as a substitute teacher one day per week while looking for a full-time job in administration...
According to the article (pictured below), why are people in
Shenzhen not worried about Trump's threat of bringing back jobs
from China? Your answer should focus on the culture and
socialization in China.
SHENZHEN, China-U.S. President-elect Donald Trump's threat to compel Apple Inc. and others to manufacture more at home should strike fear into this Chinese megacity where many of the world's high-tech gadgets are made. Once a sleepy village, Shenzhen today is the sprawling epicenter of China's consumer-electronics industry,...
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