The idea that countries should produce and sell goods

Assignment Help Macroeconomics
Reference no: EM13200557

 The idea that countries should produce and sell goods that they produce most effectively and efficiently, and buy goods that other countries produce most effectively and efficiently, is known as


A. absolute advantage theory.

B. free trade.

C. efficiency balanced trade. 

D. comparative advantage theory. 

Reference no: EM13200557

Questions Cloud

Money flows from other factors is known as : In global trade, when the difference between money coming into a country from exports and money leaving a country due to imports or money flows from other factors is known as.
Canadian organizational behavior : Marketing specialists at Napanee Beer Co. developed a new advertising campaign for summer sales. The ads were particularly aimed at sports events where Napanee Beer sold kegs of beer on tap.
Inner solar system : The spherical shell around the solar system that produces comets, which rarely have orbits that bring them to the inner solar system,
General resources and specialized resources-databases : Compare the databases in General Resources and Specialized Resources. Describe the databases in each category. What publications and articles might you find in these databases? Which database do you prefer to use? Why?
The idea that countries should produce and sell goods : The idea that countries should produce and sell goods that they produce most effectively and efficiently, and buy goods that other countries produce most effectively and efficiently, is known as.
Women lead to a decrease in its birth rate : how might an improvement ofin a country's educational opportunities from women lead to a decrease in its birth rate?
In a comparison-contrast report : In a comparison-contrast report, it is best to:
The trend toward two-family income has led to : The trend toward two-family income has led to policies allowing only one family member to work for a company, flexible work schedules, pregnancy benefits, and elder-care programs or else.
Various agencies and the types of laws that affect education : What are the various agencies and the types of laws that affect education? Who controls public education and who has authority over schools? What are some organizations and functions of various judicial bodies that have an impact on education?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Give a brief summary of the gdp trends over that timeframe

Give a brief summary of the GDP trends over that timeframe and discuss two or three events which may have caused these trends.

  Explain how do changes in exchange rate affect a federal

Explain how does the trade deficit impact the U.S. economy. Explain how do changes in exchange rate affect a federal government organization.

  Find what is the break-even sales price per unit

A consumer product company is considering introducing a new shaving system called DELTA-4 in the market. The company plans to manufacture 75 million units of DELTA-4 a year. The investment at time 0 that is required for building the manufacturing ..

  Show that leisure must be a normal good

Show that leisure must be a normal good for the labour supply function to be downward sloping.

  Calculating present worth

A firm wants to lease some land from you for twenty years and build a warehouse on it. As your payment for the lease, you will own the warehouse at the end of the twenty years.

  Elucidate how does fiscal policy impact your organization

Elucidate how does the fiscal policy impact your organization or a selected organization with which you are familiar. Provide two scenarios to show the impact.

  Inelastic where the demand for pretzels is relatively price

The demand for salt is relatively price inelastic where the demand for pretzels is relatively price elastic. How can you best explain why

  Who have less to lose from poor individual performance

When thinking about the theory of the firm, shirking, and principle-agent problems, we can find analogous situations in our personal lives. Make a Power Point presentation (for sharing with the class) two personal situations to illu..

  Calculate total consumers surplus using individual demand

Assume there are two types of consumers: type A consumers have a demand Q = 10 ? P for widgets, and consumers of type B have a demand Q = 5 ? P. Assume that there are 10 consumers of each type. (a) Calculate the market demand.

  Discuss a few tactics that to overcome problems

a. Explain how asymmetric information about a hidden action or a hidden characteristic can lead to moral hazard or adverse selection. b. Discuss a few tactics that managers can use to overcome these problems.

  Formula for derive the demand functions

The individual demand curves for food for 2 households. These are household A and household B. The demand for household A for food is given.Calculate the market demand for food.

  What is autonomous consumption

We cut down trees and sell the timber for $8000. The timber is sawn up into lumber that sells for $18,000. The lumber is used to build furniture that sells to consumers for $30,000.Which of the following unemployed workers would be an example of ..

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