Homework Answers
Opportunity cost of producing oil in A is 200/20 = 1, and in a B is 270/180= 1.5
Opportunity cost of producing oil is higher in country B
The comparative advantage for country A lies in oil
Country B will be importing corn
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is Question: 1 pt 2 of 65 (1 complete) This T Q Q Country A's PPF...
Country A's PPE Country B's PPF O OS Corn (millions of bushels) Corn (millions of bushels)...
Country A's PPE Country B's PPF O OS Corn (millions of bushels) Corn (millions of bushels) 200 Oil (millions of bbls) 180 Oil (millions of bols) From the PPFs shown above it can be determined that the opportunity cost of oil is lower in country Given the comparative opportunity costs as revealed by the PPFs shown above, the comparative advantage for country B lies in V After these two countries specialize and trade with each other, country A will be...
Choices 1) A or B 2)Corn or Oil 3) oil or both goods or corn Country...
Choices
1) A or B
2)Corn or Oil
3) oil or both goods or corn
Country As PPF Country D's PPF Oil (millions of bbls) Oil (milions of bbls) From tha PPFs shown above it can be determined that the opportunity cost of oll is higher in country B Given the comparative opportunity costs as revealed by the PPFs shown above, the comparative advantage for country A lies ino After these two countries specialize and trade with each other, country...
1) True 2) False 7. Specialization and trade When a country specializes in the production of...
1) True
2) False
7. Specialization and trade When a country specializes in the production of a good, this means that it can produce this good at a lower opportunity cost than its trading partner. Because of this comparative advantage, both countries benefit when they specialize and trade with each other The following graphs show the production possibilities frontiers (PPFs) for Candonia and Lamponia. Both countries produce grain and tea, each initially i.e., before specialization and trade) producing 24 million...
please answer all the questions Introduction to PPC Curves Worksheet package Question 1 (Application 12 Marks)...
please
answer all the questions
Introduction to PPC Curves Worksheet package Question 1 (Application 12 Marks) he following table outlines some combinations of com and beef that can be produced annually from a given parcel of farm land: Production possibility Corn (bushels) 16000 Beef(kg) 8000 900 6000 1200 4000 1400 2000 1450 1500 a) Draw a production possibilities curve for this agricultural enterprise (3 marks) b) Can this farm produce 6000 bushels of com and 1500 kg of beef during...
I need help with all these l T-Mobile Wi-Fi 12:38 PM 69% くBack Homework 1.pdfa で...
I
need help with all these
l T-Mobile Wi-Fi 12:38 PM 69% くBack Homework 1.pdfa で Name and Dot Number Multiple Choice Questions 1. Which of the following is not considered an economic resource? A. Real estate B. A personal relationship C. Cash D. These are all examples of a resource. 2. Which of the following economic decisions would most likely be studied by a macroeconomist? A. Domino's Pizza decides to provide quantity discounts in order to increase revenue B....
Country A's PPE Country B's PPF O OS Corn (millions of bushels) Corn (millions of bushels) 200 Oil (millions of bbls) 180 Oil (millions of bols) From the PPFs shown above it can be determined that the opportunity cost of oil is lower in country Given the comparative opportunity costs as revealed by the PPFs shown above, the comparative advantage for country B lies in V After these two countries specialize and trade with each other, country A will be...
Choices
1) A or B
2)Corn or Oil
3) oil or both goods or corn
Country As PPF Country D's PPF Oil (millions of bbls) Oil (milions of bbls) From tha PPFs shown above it can be determined that the opportunity cost of oll is higher in country B Given the comparative opportunity costs as revealed by the PPFs shown above, the comparative advantage for country A lies ino After these two countries specialize and trade with each other, country...
1) True
2) False
7. Specialization and trade When a country specializes in the production of a good, this means that it can produce this good at a lower opportunity cost than its trading partner. Because of this comparative advantage, both countries benefit when they specialize and trade with each other The following graphs show the production possibilities frontiers (PPFs) for Candonia and Lamponia. Both countries produce grain and tea, each initially i.e., before specialization and trade) producing 24 million...
please
answer all the questions
Introduction to PPC Curves Worksheet package Question 1 (Application 12 Marks) he following table outlines some combinations of com and beef that can be produced annually from a given parcel of farm land: Production possibility Corn (bushels) 16000 Beef(kg) 8000 900 6000 1200 4000 1400 2000 1450 1500 a) Draw a production possibilities curve for this agricultural enterprise (3 marks) b) Can this farm produce 6000 bushels of com and 1500 kg of beef during...
I
need help with all these
l T-Mobile Wi-Fi 12:38 PM 69% くBack Homework 1.pdfa で Name and Dot Number Multiple Choice Questions 1. Which of the following is not considered an economic resource? A. Real estate B. A personal relationship C. Cash D. These are all examples of a resource. 2. Which of the following economic decisions would most likely be studied by a macroeconomist? A. Domino's Pizza decides to provide quantity discounts in order to increase revenue B....
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