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Comparative advantage
Page 2
Questions (146)
In the context of trade Comparative Advantage is
Group of answer choices when a country richer than other countries when a
3 answers
asked anonymously
46 views
As part of their chores on Saturday mornings, they have to clean the bathrooms and wash the floors of the house while their
2 answers
asked by
jill
560 views
Why do France, USA, CHINA AND INDIA HAVE COMPARATIVE ADVVANTAGE IN TOURISM?
1 answer
asked by
Brogan
385 views
Why might exploiting a comparative advantage increase real incomes?
I just need two reasons
1 answer
asked by
Lucy
319 views
Suppose a second nation has the following data. Plot
the PPC, and then determine which nation has the comparative advantage in
1 answer
asked by
Tasha
369 views
Assume Nebraska and Virginia each have 100 acres of farmland. The following table gives hypothetical figures for yield per acre
2 answers
asked by
Stephanie
1,143 views
Using the theory of comparative advantage how did logitech configure its global operations?
1 answer
asked by
Erin Shed
381 views
Explain how absolute advantage and comparative advantage differ?
1 answer
asked by
Randy
1,075 views
Many of the toy products sold in the United States are imported from Taiwan because the Taiwanese can produce these products
4 answers
asked by
kyle
1,354 views
Assume Cliff and Paul were both producing wheat and corn, and each person was dividing his time equally between the two. Then
1 answer
asked by
sungyeon
856 views
what is absolute advantage of 200 lbs corn and 50 pigs
1 answer
asked by
sand
817 views
Suppose that two people, Mary and John each live alone in an isolated region. They each have the same resources available, and
1 answer
asked by
Anonymous
411 views
Germany and France are located next to eachother. What geographic advantages do they have in common that would help their
2 answers
asked by
melissa
597 views
no idea what to do guys, little help please
11. Answer the next three questions on the basis of the following production
2 answers
asked by
Kyle
561 views
This table shows the number of labor hours required to produce a digital camera and a bushel of wheat in China and South Korea.
D
2 answers
asked by
Merna
1,331 views
1. Construct a quantitative example to illustrate the principle of comparative advantage.
2.What are dynamic effects of free
1 answer
asked by
David
386 views
Goods
Computer Wine x Y Qc Qw Country mil mil gal US 60 240 France 33 1/3 200 Assuming that without trade, -the US Produces 30
2 answers
asked by
SadBob
483 views
Figure 3-1
____ 2. Refer to Figure 3-1. Assume that Cliff and Paul were both producing wheat and corn, and each were dividing
2 answers
asked by
Steven
730 views
Krugman and Obstfeld make sure to challenge three commonly held “misconceptions about comparative advantage”. They make
1 answer
asked by
Deena
412 views
I picked the answer C for both questions. I still am not sure?
Ben-cones 8 Ben-ice cream 2 Jerry-Cones 6 Jerry-Ice Cream 4
2 answers
asked by
G
631 views
An American worker can make 20 pairs of shoes per day or grow 100 apples per day. On the other hand, a Brazilian worker can
3 answers
asked anonymously
80 views
Consider the following two country-two goods world, with a single input, labor:
Daily production per worker Commodity Portugal
2 answers
asked by
Diantoni
1,157 views
You have an option to hire 2 hunters.
The first hunter is able to kill two deers in an hour, the other hunter is able to kill one
2 answers
asked by
Samantha
543 views
This is the chart
Canada produces 50 wheat and 20 Microchips Jpn produces 2 wheat and 12 Microships the chart shows the
1 answer
asked by
tofu
527 views
A country may have the absolute advantage in the manufacture of a certain product, but still import that product from abroad.
1 answer
asked by
ashley m.
695 views
Because countries cannot produce all of the goods/services that it needs, they must(1 point) Responses Reduce the need for
1 answer
asked by
Anonymus 8995
85 views
What country holds the comparative advantage over the United States when it comes to creating labor-intensive products such as
1 answer
asked by
...
70 views
What term best describes the exchange of goods and services between two or more countries?
a. international trade b. opportunity
1 answer
asked by
...
132 views
Dimitri’s family has lived in Costa Rica for generations and has learned that a country can have a competitive edge when
3 answers
asked anonymously
93 views
I need 3 reasons for the following questions:
1. how is comparative advantage shifting in car prodcuton? 2. Does France still
1 answer
asked by
Anique
403 views
What should a country economically specialize in producing?
A. goods that its people do not require B. goods that it can produce
1 answer
asked by
ya mama
54 views
In which situation would it be unwise for a country to focus on specialization?
A. Country A can produce textiles efficiently,
1 answer
asked by
ya mama
88 views
Dimitri’s family has lived in Costa Rica for generations and has learned that a country can have a competitive edge when
1 answer
asked anonymously
46 views
Country A has a climate well-suited for agriculture, but few energy resources. Country B is arid but has plentiful access to
1 answer
asked by
ya mama
95 views
A comparative advantage is the ability of a country to produce a particular good or service at a lower ____________ than another
1 answer
asked anonymously
58 views
An American worker can make 20 pairs of shoes per day or grow 100 apples per day. On the other hand, a Brazilian worker can
1 answer
asked by
hi
67 views
35. Dimitri's family has lived in Costa Rica for generations and has learned that a country can have a competitive edge when
1 answer
asked anonymously
41 views
The table below provides information on the production of products in two countries. use the law of comparative advantage to
1 answer
asked by
M
39 views
use table to answer question.
Argentina/soybeans 100 million tons/wheat 80 million tons Bolivia/soybeans120 million tons/wheat
1 answer
asked by
M
42 views
If a country has the “comparative advantage” in producing a good or service, that means the country…(1 point) Responses
A.
1 answer
asked by
onierivn
28 views
Saudi Arabia’s economy is extremely rich in oil. Oil is a very valuable natural resource necessary to fuel industrial
1 answer
asked by
doo
31 views
Comparative advantage is associated with which concept? (1 point)
• protectionism • autarchy • free trade • mercantilism
1 answer
asked anonymously
23 views
Which of the following correctly analyzes why less developed countries tend to have a comparative advantage in the production of
1 answer
asked anonymously
25 views
Use table to answer the question.
Refrigerators/Microwaves U.S./100 million/300 million China/50 million/100 million The table
1 answer
asked by
M
20 views
Define Comparative Advantage
1 answer
asked by
Killer999
16 views
If Country A uses all of the resources at its disposal, it can produce a maximum of 500 watches or 200 televisions. Within the
1 answer
asked by
onierivn
17 views
If Country A uses all of the resources at its disposal, it can produce a maximum of 500 watches or 200 televisions. Within the
1 answer
asked anonymously
34 views
What country holds the comparative advantage over the United States when it comes to creating labor-intensive products such as
1 answer
asked by
tonton
67 views
What 19th-century English economist proposed that countries would become better trading partners and support a wealthier
1 answer
asked by
tonton
40 views
There is a country that naturally grows the most bananas, but it can't efficiently produce and distribute those bananas
1 answer
asked anonymously
27 views
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Parent Categories (20)
Economic Geography
Economics
Economics/International Trade
Farming
International Economics
International Trade
Maple and Honey Production
Opportunity Cost
Production
Production and opportunity cost
Production and Trade
Production possibilities
Production Possibility
Resource Allocation
Skills and Abilities
Specialization
Tourism
Trade
Trade and Resources
Trade theory