In Country A, a worker can make 5 bicycles per hour. In Country B, a worker can
Question:
In Country A, a worker can make 5 bicycles per hour. In Country B, a worker can make 7 bicycles per hour. Which country has an absolute advantage in making bicycles?
a. Country A.
b. Country B.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
Answer b Country B Feedback Country B has an absolute advantag...View the full answer
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Microeconomics Principles, Problems and Policies
ISBN: 978-1259450242
20th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
Question Posted:
Students also viewed these Business questions
-
Which country has an absolute advantage in fish? In wheat? Which country has a comparative advantage in fish? In wheat?
-
Answer the following question using the information given by the accompanying table. a. Which country has an absolute advantage in the production of bicycles? Which country has an absolute advantage...
-
Suppose that each worker in Belgium can produce either 20 units of food per hour or 80 units of machinery per hour. At the same time, workers in France can produce either 15 units of food per hour or...
-
Markku Antero Oy produces perfume. To make this perfume, Markku Antero uses three different types of fluid. Tartarus, Erebus and Uranus are used in standard proportions of -14-0, -3- 10 and -3- 10,...
-
Show the result of deleting the element with key 6 in the resulting splay tree for the previous exercise.
-
Assuming that bearings wear out as indicated in Problem 8.92, show that the magnitude M of the couple required to overcome the frictional resistance of a worn-out collar bearing is M = k P(R 1 + R 2...
-
The following balances come from the ledger of Hansi's Home Furniture Factory at 30 June 2025. Hansi's Home Furniture Factory financial year ends on 30 June. During the year the accountant prepared...
-
Kasten Inc. provides paid vacations to its employees. At December 31, 2010, 30 employees have each earned 2 weeks of vacation time. The employees average salary is $500 per week. Prepare Kastens...
-
n 1 1. lim tantan is equal to 004-1 1+r+r2 2. 3. If the least and the largest real values of a, for which the equation z + a |2-1+21=0(z=C and i=1) has a solution, are p and q respectively, then 4(p...
-
What is the difference between computer fraud and computer crime?
-
In Country A, the production of 1 bicycle requires using resources that could otherwise be used to produce 11 lamps. In Country B, the production of 1 bicycle requires using resources that could...
-
How might protective tariffs reduce both the imports and the exports of the nation that levies tariffs? In what way do foreign firms that dump their products onto the U.S. market in effect provide...
-
During the 2013 presidential inauguration, a controversy arose: Did Beyonc lip-sync the national anthem? No definitive answer was offered by those involved. What was clear was that the National...
-
Talk to someone who has been a patient about their illness experience. What questions did you ask? Why? What did you want to ask but didnt? What did you ???? nd out? How does that change your...
-
What issues in this chapter are consistent with your expectations about mental health and illness? What issues in this chapter are different from your expectations?
-
You are the primary care physician of Margo, the 50-year- old woman who has dementia and has developed pneumonia. Do you overrule her advance directive and give her the antibiotics, or do you follow...
-
Think about a time you experienced an especially effective example of entertainment education. What features of your example (e.g., messages, characters, drama) made it so effective? How could those...
-
What health- related issue do you perceive as the most in need of awareness? What type of campaign/intervention style would you use to increase awareness? Why would your strategy be effective?
-
(a) Implement an 8-to-1 multiplexer using a minimum number of logic blocks of the type shown in Figure 6-1(a). Give the X and Y functions for each block and show the connections between blocks. (b)...
-
For the following exercises, find the area of the triangle. Round to the nearest hundredth. 22 50 36
-
You come home to discover that your roommate has left their dirty dishes in the sink (again!). Why might you be likely to leave your own dirty dishes in the sink (which you know annoys your...
-
Consider the following scenarios. For each scenario, determine whether a risk averse person will definitely choose Option A, definitely choose Option B, be indifferent between Options A and B, or...
-
Lenders tend to offer lower interest rates to borrowers with high credit scores and higher interest rates to borrowers with low credit scores. What does this imply about lenders' willingness to take...
-
Topic of this Week's discussion is... Entry Strategies and Strategic Alliances Global Marketing and R&D The opening case explores the development of blockchain technology and how it has the...
-
Some information is provided below about five different investment funds, each investing in a different portfolio of assets. The funds are based in the United States (US) and some additional...
-
Given the following information, calculate the current value of Builtrite's common stock: current dividend is $3.00, projected super normal growth for three years at 13%, growth rate after year 3...
Study smarter with the SolutionInn App