How could a country have an absolute advantage in producing one good or service without also having
Question:
How could a country have an absolute advantage in producing one good or service without also having a comparative advantage in its production?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
If one country was absolutely more productive at ev...View the full answer
Answered By
Pushpinder Singh
Currently, I am PhD scholar with Indian Statistical problem, working in applied statistics and real life data problems. I have done several projects in Statistics especially Time Series data analysis, Regression Techniques.
I am Master in Statistics from Indian Institute of Technology, Kanpur.
I have been teaching students for various University entrance exams and passing grades in Graduation and Post-Graduation.I have expertise in solving problems in Statistics for more than 2 years now.I am a subject expert in Statistics with Assignmentpedia.com.
4.40+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
(1) Does either country have an absolute advantage in the production of steel or aluminum? Explain concisely. (2) Plot the corresponding PPFs of each country (with steel on the x-axis) and calculate...
-
If a nation does not have an absolute advantage in producing anything, it ______. a. Can have no comparative advantage either b. Will have a comparative advantage in the activity in which its...
-
How could a country risk assessment be used to adjust a projects required rate of return? How could such an assessment be used instead to adjust a projects estimated cash flows?
-
A group of 70 students were asked to record the last digit of their social security number. a. Draw a relative frequency histogram using the values 0 through 9 as the class midpoints. What is the...
-
Are internal failure costs more or less important than external failure costs?
-
The production department of Raredon Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Each unit requires 1.4 direct labour-hours, and...
-
Currently, you have RM60,000 (Malaysian ringgit) that you would like to invest for 2 years and are considering buying a Malaysian government security maturing in 1 year that pays 4 percent annually....
-
Joe, a resident of New Jersey, wants to open a restaurant. He asks Kay, his friend, an experienced attorney and a New Yorker, for her business and legal advice in exchange for a 20 percent ownership...
-
6. Given below are the oxides : Na2O, As2O3, N2O, NO and ChO7 Number of amphoteric oxides is: (a) 0 (b) 1 7. Match List -I with List - II: List-I List-II (A) Sphalerite (I) FeCO3 (B) Calamine (II)...
-
When a country has a comparative advantage in the production of a good, why do domestic producers gain more than domestic consumers lose from free international trade?
-
Why do Americans complain about being unable to compete with cheap foreign labor, while other countries complain they cant compete with America because of our plentiful and cheap capital stock?If...
-
Write the chemical formula for each of the following compounds. (a) Lysine (an amino acid): 6 carbon, 14 hydrogen, 2 nitrogen, and 2 oxygen atoms (b) Methionine (an amino acid): 5 carbon, 11...
-
What would cause the facility observed percent for resident who used antianxiety or hupnotic medication ( L ) to incrase from 1 6 % on the previous report to 2 7 . 6 % on the current report?
-
Q2. From the data provided you will need to make and show appropriate adjustments to both the income statement and the Statement of financial .position : . Zeta corporation for Consulting and...
-
Which type of decision making approach believes that those who are affected by a decision should be invited to participate in the decision making?
-
Write a complete (Java) program that: . declares two int variables gets their values from the user computes the product of two values prints the two values and computed value to the screen in a...
-
By the help of a graph, compare and discuss the effects, in terms of efficiency and equity, of the two different food assistance program where, in one program participants purchased food stamps at a...
-
For the rotational system shown in Figure I = 2 kg.m2 and c = 4 N.m.s/rad. Obtain the transfer function (s)/T(s), and derive the expression for the steady-state speed cos5 (t) if the applied torque...
-
The cash records of Holly Company show the following four situations. 1. The June 30 bank reconciliation indicated that deposits in transit total $720. During July, the general ledger account Cash...
-
Lael Brainard, a member of the Federal Reserves Board of Governors, delivered a speech in 2017 that included this observation: At a time when the unemployment rate has fallen from 8.2 percent to 4.4...
-
Use the following two graphs to answer the questions. a. Briefly explain which point on the Phillips curve graph best represents the same economic situation as point B on the aggregate demand and...
-
In its 2016 Annual Report, Toll Brothers noted, If mortgage interest rates increase significantly our revenues, gross margins, and net income could be adversely affected. a. Why might an increase in...
-
c. Assume an add takes 1 cycle, a mult 4 cycles, and a sub 2 cycles. Two different compilers produce the following loops for the same code: mult add add add mult mult sub sub add Loop add Loop...
-
1. (4pts) Find the general solution of the equation 1 y' +=y= X 1 - - 2, (x > 0.) 2. (6pts) Find the solution of the initial value problem: dy +2y= cos x, y(T) = 0, (x > 0.) dx
-
A hexadecimal number like AB8C can be converted to a decimal number, in which case it will become 43916. The way to do this is as follows: 10 163 +11 16 +8 161 +12 160 = 43916 Create a program called...
Study smarter with the SolutionInn App