User Account

All Pages

Combined output of the two countries would increase

Assignment Help Basic Computer Science
Reference no: EM131979627

A worker in Lakeland can produce either 5 units of wheat or 30 units of fish per year, and a worker in Hillcountry can produce either 30 units of wheat or 5 units of fish per year. There are 10 workers in each country. Political pressure from the fish lobby in Hillcountry and from the wheat lobby in Lakeland has prevented trade between the two countries on the grounds that cheap imports would kill the fish industry in Hillcountry and the wheat industry in Lakeland. As a result, Lakeland produces and consumes 25 units of wheat and 150 units of fish per year while Hillcountry produces and consumes 150 units of wheat and 25 units of fish per year. If the political pressure were overcome and trade were to occur, each country would completely specialize in the product in which it has a comparative advantage. If trade were to occur, the combined output of the two countries would increase by

  • 50 units of wheat and 50 units of fish.
  • 100 units of wheat and 100 units of fish.
  • 75 units of wheat and 75 units of fish.
  • 125 units of wheat and 125 units of fish.
  • 150 units of wheat and 150 units of fish.

Reference no: EM131979627

Questions Cloud

Hypothesis resolve the consumption puzzle : Explain how the life-cycle hypothesis and the permanent-income hypothesis resolve the consumption puzzle associated with the Keynesian consumption function.
Draw graphs for question separately : Draw graphs for each question separately. (a) National Income decreases. (b) The Federal Reserves decides to increase banks Reserve Requirements.
How you might utilize crisis or risk communication : Generally speaking, risk communication is the exchange of information with communities, cultures, or social systems about the type and magnitude of certain.
Evaluate the importance of applications of queuing theory : Evaluate the importance of applications of queuing theory in a health services environment. Provide one (1) example of this importance to support.
Combined output of the two countries would increase : If trade were to occur, the combined output of the two countries would increase by
Discuss qualitative analysis phase of the study : For this assignment, assume the role of a researcher in the qualitative analysis phase of the study. The data are gathered imported into MAXQDA for analysis.
What are nora total accounting profits : She can sell 300 muffins for $0.50 each. What are Nora's total accounting profits?
Presence of an externality in a market : Describe two methods for correcting the inefficiencies caused by the presence of an externality in a market.
Can the profit-maximizing monopolist produce an output : Can the profit-maximizing monopolist produce an output that lies in the inelastic portion of the linear demand curve it faces? Why or why not?

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Project management skills and a disciplined approach

Discuss and debate whether project management skills and a disciplined approach to projects are really needed in today's fast-paced business world.

  Difference between purchase price and the selling price

The latter case finds the difference between the purchase price and the selling price. If the difference is negative (in minus) the text prints:

  The predicate should take two arguments

The predicate should take two arguments: a list corresponding to the program to execute, and a list corresponding to the contents of the resulting stack.

  Identities of peers in the range

I shall create a new question for you to post up your answer so you can earn the points you deserve for helping me out.

  Briefly mention the set of ai-based rules

You are to develop AI behind a generic Tic-Tac-Toe game, where a player can pay against computer. Briefly mention the set of AI-based rules that have to check on either side to decide the next move in a game. How would you determine a winner/cat's..

  Explain the purpose of the field named

Explain the purpose of the field named "id." Why do you not have to include it in an insert statements? How would change the incrementing value to a number grea

  Recommends solutions for improving the application

The project for this course is the creation of a company consult debrief that analyzes an existing web application with regard to its human-computer interaction (HCI) and recommends solutions for improving the application to meet the needs of the ..

  What are snapshots

What are snapshots? What are materialized views & where do we use them? What is a materialized view log?

  Agencies focus on market behavior or market structure

Should anti-trust law and regulatory agencies focus on market behavior or market structure when addressing market failure due to market power?

  Probability of an on-time delivery in los angeles

Use the given information to estimate the following probabilities. a. The probability of an on-time delivery in Los Angeles

  Describe your ideal project manager

Part 1: Answer the following 300 or more words - Describe some informal drivers that you have seen or read about.  - Describe your ideal project manager. Part 2: Answer the following in 300 or more words

  Advantages and disadvantages of voip

Explore the advantages and disadvantages of VoIP, and how they factor into business concerns in today's networking environments.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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