Comparative advantage for corn

Assignment Help Business Economics
Reference no: EM13836296

(Figure: Corn and Watches in the United States and Canada) Referring to the graphs, we see that _____ has the comparative advantage for corn and _____ has the comparative advantage for watches.

a) the United States; the United States

b) the United States; Canada

c) Canada; the United States

d) Canada; Canada

Reference no: EM13836296

Questions Cloud

Compare the two mainstream histories identified by macve : Compare and contrast the two mainstream histories identified by Macve, i.e. ‘FAT is rationally derived from a basically coherent conceptual framework'.
Supply-side policy focus versus demand-side policy emphasis : Given our still currently high unemployment rate (by historical standards) and low inflation rate, argue "for or against" a Supply-Side policy focus versus a Demand-Side policy emphasis.
In game theory-dominant strategy : In game theory, a dominant strategy is one _______________
Represents a credit or debit : Indicate whether each of the following represents a credit or debit on the U.S. current account.
Comparative advantage for corn : (Figure: Corn and Watches in the United States and Canada) Referring to the graphs, we see that _____ has the comparative advantage for corn and _____ has the comparative advantage for watches.
Describe the different kinds of indexes oracle uses : Describe the different kinds of indexes Oracle uses. Give an example of when you might use each type. Why might it be important to determine the size of an index? What happens to secondary indices when a page split happens in a file organization
Group opposed to free trade concludes : A group opposed to free trade concludes that the total number of domestic jobs will decrease because it estimates that 20,000 jobs will migrate abroad. The actual total loss is:
Opportunity cost of producing : If Germany used all its resources to produce bread, suppose it could produce 40 million loaves of bread. If it used all its resources to produce milk, it could produce 20 million gallons of milk. Then Germany's opportunity cost of producing a ______ ..
Derive the total product or output : Suppose you are given the following Total Product Function: Q=100 K^3/2 L^4/2 M^4/7 ,where Q is total output or units produces; K, capital; L, labor; and M, materials.; that is, this is a input factor production function. Suppose K = 1,000; L = 200 w..

Reviews

Write a Review

Business Economics Questions & Answers

  Net cash flow at annual interest rate

Manager of a computer company plans to spend on new hardware $3.5 million in the first year with amounts decreasing by $0.2 million each year thereafter. Income of the company is expected to be $8.0 million the first year increasing by $0.3 million e..

  Qpart 1in 2011 company xyz had sales of 345620million net

q.part 1in 2011 company xyz had sales of 345620million net working profit subsequent to taxes of 10250 million and

  How would this affect the store inventories

While waiting for their buses to leave, they decide to browse your school bookstore and buy some items that catch their eye. How would this affect the store’s inventories?

  Suppose the market for gelato is perfectly competitive

Suppose the market for gelato is perfectly competitive, and that gelato is a constant cost industry. The long-run cost function for producing gelato is TC(Q) = Q^3 ? 2Q^2 + 5Q. The demand for gelato is Q = 300 - 2p

  GDP from the previously mentioned transactions

In 2010, the Laser Company produced 18 t-shirts. Three of them were sold to Catherine for $551 each, later that same year Catherine sold the now used t-shirts to Max for $540 each. The reaming t-shirts that Laser produced were not sold to anyone that..

  Measured by value added approach and expenditure approach

Suppose a company produces $5M worth of output and has sales of $2M each to domestic and foreign customers. It imports $1 M worth of raw material, pays its workers $3M in wages, pays its creditors $2M in interest, and has minus $1M in profits for its..

  What is the markets labor demand

The nation of Ectenia has 20 competitive apple orchards, which sell apples at the world price of $2. The following equations describe the production function and the marginal product of labor in each orchard: What is the markets labor demand?

  Explain the market demand curve

Consider a perfectly competitive firm's marginal revenue product of labor curve shown in the diagram. Using the line drawing tool, draw a new line that shows the effect of a decrease in the demand for the product produced by this fm. Label this li..

  Find out the nash equilibrium prices of the procedures

Find out the Nash equilibrium prices of the procedures at the hospitals. find out the profit maximizing monopoly prices of the procedure at each hospital.

  Strong supporter of free trade-international trade policy

If you were a strong supporter of free trade and in charge of U.S. international trade policy, would you cut tariffs and quotas, or would you negotiate with the nation's trading partners, maintaining trade barriers unless they lowered theirs also? Di..

  A demand curve that is horizontal indicates that the commodi

A demand curve that is horizontal indicates that the commodity

  Compute and label all relevant values in your graph

Show the effect of a 50 percent tax on interest income assuming the substitution and income effects cancel each other out. Compute and label all relevant values in your graph.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd