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Carmina have comparative advantage in wallets.
Allen have comparative advantage in Shoes.
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D Question 6 1 pts Suppose Carmina and Allen both produce two products - wallets and...
Explain the reason 1. Suppose that Bahrain and Qatar both produce fish and dates. The following...
Explain the reason
1. Suppose that Bahrain and Qatar both produce fish and dates. The following table shows the combinations of the goods that each country can produce in a day. Bahraine Qatare Dates (kilos) Fish(kilos) Dates(kilos) Fish (kilos) 0- 20+ 16- 124 02 62 12 22 84 0 0- 1. Who has the comparative advantage in producing dates and who has the comparative advantage in producing fish?
Suppose that France and Germany both produce schnitzel and wine. The following table shows combination of...
Suppose that France and Germany both produce schnitzel and wine. The following table shows combination of the goods that each country can produce in a day 2. France Germany Wine Schnitzel Wine Schnitzel bottles)(pounds) (bottles)(pounds) 15 12 Who has comparative advantage in producing wine? Who has the comparative advantage in producing schnitzel? Explain Suppose France is currently producing 1 bottle of wine and 6 pounds of schnitzel, and Germany is currently producing 3 bottles of wine and 6 pounds of...
Suppose that France and Gernany both produce wine and schrel The tabk belaw shows combinations of...
Suppose that France and Gernany both produce wine and schrel The tabk belaw shows combinations of the gaots that each country can produce in a day France Germany Wine (Bottles) Schnitzel (Pounds) Winc (Bottles 20 16 Who has the comparative advatage in producing wine arid wha has the comparative advantage in producing schrilzel? O A. France has a comparative advantage producing schnitzel and Germany has a comparative advantage producing wine. ⓔ France has a comparatns advantage producing wine and Germany...
Suppose the United Kingdom and Norway both produce ol and fish oil, which are sold for...
Suppose the United Kingdom and Norway both produce ol and fish oil, which are sold for the same prices in both countries. The following table shows combinations of both goods that each country can produce in a day, measured in thousands of barrels, using the same arnaunts of capital arnd labor United K Fish 12 ish 12 Who has the comparative advantage i preducing oil? A. Nelther country has a comperative advantage producing oll because their opportunity costs of producing...
Suppose the United States and Mexico both produce hamburgers and tacos. The combinations of the two...
Suppose the United States and Mexico both produce hamburgers and tacos. The combinations of the two goods that each country can produce in one day are presented in the table below Mexico Hamburgers in tons) Hamburgers in tons) Tacos (in tons) .888 Which country has an absolute advantage in producing tacos? Which country has a comparative advantage in producing tacos? Suppose the United States is currently producing 120 tons of hamburgers and 30 tons of tacos and Mexico is currently...
States from importing it Explain. e 52) Suppose the l, whihsdom and Norway both produce oil...
States from importing it Explain. e 52) Suppose the l, whihsdom and Norway both produce oil an oll, which are sold for the same prices in both countries United Kingdom and Norw nitedolved Problem 2.2 on page 52) Su The following table shows the combinations of both goods that each country can produce in a day, measured in thousands of barrels, using the same amounts of capital and labor: United Kingdom Oil 0 Norway Fish oil Oil Fish Oil 8...
Question 13 (1 point) Suppose that Spain and France both produce ships and grapes, which are...
Question 13 (1 point) Suppose that Spain and France both produce ships and grapes, which are sold for the same price in both countries. The table below shows the combinations of the two goods that each country can produce in one year using the same amounts of capital and labor. Which country has a comparative advantage growing grapes? Spain France Shi Grapes (in tons) 75 Shi Grapes (in tons 50 40 10 20 15 45 75 45 30 40 50...
Question 12 (1 point) Suppose that Spain and France both produce ships and grapes, which are...
Question 12 (1 point) Suppose that Spain and France both produce ships and grapes, which are sold for the same price in both countries. The table below shows the combinations of the two goods that each country can produce in one year using the same amounts of capital and labor. Which country has a comparative advantage producing Spain France Shi Grapes (in tons Shi Grapes (in tons) 50 60 45 30 15 40 50 45 60 75 10 0
Question 11 (1 point) Suppose that Spain and France both produce ships and grapes, which are...
Question 11 (1 point) Suppose that Spain and France both produce ships and grapes, which are sold for the same price in both countries. The table below shows the produce in one year using the same amounts of capital and labor. What is the opportunity cost of producing one ship (in terms of tons of grapes) for France? Provide your answer as a number rounded to two decimal places. Do not include any symbols, such as "s," ", "%," or...
10) Suppose the US and Mexico both can produce cars and beer. The following chart shows...
10) Suppose the US and Mexico both can produce cars and beer. The following chart shows what 100 workers can produce in one day in each country. Country Car Production-100 Beer Production (truckload)- 100 or workers workers United States 300 or 1200 Mexico 200 1000 or For this question, assume they can use the same workers to produce any amount in between the two and the opportunity cost is constant straight PPF a) Use the info in the table to...
Explain the reason
1. Suppose that Bahrain and Qatar both produce fish and dates. The following table shows the combinations of the goods that each country can produce in a day. Bahraine Qatare Dates (kilos) Fish(kilos) Dates(kilos) Fish (kilos) 0- 20+ 16- 124 02 62 12 22 84 0 0- 1. Who has the comparative advantage in producing dates and who has the comparative advantage in producing fish?
Suppose that France and Germany both produce schnitzel and wine. The following table shows combination of the goods that each country can produce in a day 2. France Germany Wine Schnitzel Wine Schnitzel bottles)(pounds) (bottles)(pounds) 15 12 Who has comparative advantage in producing wine? Who has the comparative advantage in producing schnitzel? Explain Suppose France is currently producing 1 bottle of wine and 6 pounds of schnitzel, and Germany is currently producing 3 bottles of wine and 6 pounds of...
Suppose that France and Gernany both produce wine and schrel The tabk belaw shows combinations of the gaots that each country can produce in a day France Germany Wine (Bottles) Schnitzel (Pounds) Winc (Bottles 20 16 Who has the comparative advatage in producing wine arid wha has the comparative advantage in producing schrilzel? O A. France has a comparative advantage producing schnitzel and Germany has a comparative advantage producing wine. ⓔ France has a comparatns advantage producing wine and Germany...
Suppose the United Kingdom and Norway both produce ol and fish oil, which are sold for the same prices in both countries. The following table shows combinations of both goods that each country can produce in a day, measured in thousands of barrels, using the same arnaunts of capital arnd labor United K Fish 12 ish 12 Who has the comparative advantage i preducing oil? A. Nelther country has a comperative advantage producing oll because their opportunity costs of producing...
Suppose the United States and Mexico both produce hamburgers and tacos. The combinations of the two goods that each country can produce in one day are presented in the table below Mexico Hamburgers in tons) Hamburgers in tons) Tacos (in tons) .888 Which country has an absolute advantage in producing tacos? Which country has a comparative advantage in producing tacos? Suppose the United States is currently producing 120 tons of hamburgers and 30 tons of tacos and Mexico is currently...
States from importing it Explain. e 52) Suppose the l, whihsdom and Norway both produce oil an oll, which are sold for the same prices in both countries United Kingdom and Norw nitedolved Problem 2.2 on page 52) Su The following table shows the combinations of both goods that each country can produce in a day, measured in thousands of barrels, using the same amounts of capital and labor: United Kingdom Oil 0 Norway Fish oil Oil Fish Oil 8...
Question 13 (1 point) Suppose that Spain and France both produce ships and grapes, which are sold for the same price in both countries. The table below shows the combinations of the two goods that each country can produce in one year using the same amounts of capital and labor. Which country has a comparative advantage growing grapes? Spain France Shi Grapes (in tons) 75 Shi Grapes (in tons 50 40 10 20 15 45 75 45 30 40 50...
Question 12 (1 point) Suppose that Spain and France both produce ships and grapes, which are sold for the same price in both countries. The table below shows the combinations of the two goods that each country can produce in one year using the same amounts of capital and labor. Which country has a comparative advantage producing Spain France Shi Grapes (in tons Shi Grapes (in tons) 50 60 45 30 15 40 50 45 60 75 10 0
Question 11 (1 point) Suppose that Spain and France both produce ships and grapes, which are sold for the same price in both countries. The table below shows the produce in one year using the same amounts of capital and labor. What is the opportunity cost of producing one ship (in terms of tons of grapes) for France? Provide your answer as a number rounded to two decimal places. Do not include any symbols, such as "s," ", "%," or...
10) Suppose the US and Mexico both can produce cars and beer. The following chart shows what 100 workers can produce in one day in each country. Country Car Production-100 Beer Production (truckload)- 100 or workers workers United States 300 or 1200 Mexico 200 1000 or For this question, assume they can use the same workers to produce any amount in between the two and the opportunity cost is constant straight PPF a) Use the info in the table to...
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