Question: Suppose Ghana discovers it has lost its comparative advantage in the production of maize. Which of the following could explain the loss of comparative advantage?

Suppose Ghana discovers it has lost its comparative advantage in the production of maize. Which of the following could explain the loss of comparative advantage? Check all that apply. 

a. Maize-processing technology developed in Ghana spreads to other maize-producing countries. 

b. Decline in global demand for maize. 

c. Immigration of cheap labor into Ghana. 

d. Growth of low-skill service jobs in Ghana.

Step by Step Solution

★★★★★

3.28 Rating (157 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Maize processing technology developed ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Microeconomics Principles Questions!

Q:

Data Table 2: Sodium Hypochlorite SDS information Items Physical State Route of Exposure & Symptoms Protective Equipment First Aid Procedures Fire-fighting Measures Chemical Reactivity Safe Storage...

Q:

The following table shows the hourly output per worker in two industries in Chile and Argentina. a. Explain which country has an absolute advantage in the production of hats and which country has an...

Q:

The following table describes the number of yards of cloth and barrels of wine that can be produced with a weeks worth of labor in England and Portugal. Assume that no other inputs are needed. a. If...

Q:

Suppose the following table shows the number of labor hours needed to produce airplanes and automobiles in the United States and South Korea, but one of the numbers is unknown. a. Without knowing the...

Q:

Suppose that Greece and Denmark both produce rye and cheese. Greece's opportunity cost of producing a pound of cheese is 3 bushels of rye while Denmark's opportunity cost of producing a pound of...

Q:

Suppose that Greece and Denmark both produce rye and cheese. Greece's opportunity cost of producing a pound of cheese is 3 bushels of rye l.wrhile Denmark's opportunity cost of producing a pound of...

Q:

QUESTION 1 Suppose that the U.S. can make 15 cars or 20 bottles of wine with one year's worth of labor. France can make 10 cars or 18 bottles of wine with one year's worth of labor. From these...

Q:

QUESTION 1 Suppose that the U.S. can make 15 cars or 20 bottles of wine with one year's worth of labor. France can make 10 cars or 18 bottles of wine with one year's worth of labor. From these...

Q:

Help! Solve as many as you can! Plz include graphs ECON 4?] Professor Karyiu Wong International Trade February 10, 2020 Mid-Term Exam Attempt both sections. Write legibly. Draw big diagrams to assist...

Q:

Suppose that Ireland and Norway both produce ale and broccoli. Ireland's opportunity cost of producing a bushel of broccoli is 5 kegs of ale while Norway's opportunity cost of producing a bushel of...

Q:

Suppose that Ireland and Norway both produce ale and broccoli. Ireland's opportunity cost of producing a bushel of broccoli is 5 kegs of ale while Norway's opportunity cost of producing a bushel of...

Q:

A mistake programmers often make with loops is that they ________. a. initialize the loop control variable prior to entering the loop body b. increment the loop control variable inside the body of...

Q:

Banks rely heavily upon customers' deposits as a source of funds. Demand deposits normally pay interest to the customer, who is entitled to withdraw at any time without prior notice to the bank....

Q:

BME Graw Min 1 4 of 3 0 Concepts completed Due in less than 1 hour Multiple Choice Question The journal entry to record direct labor in production is to: debit Factory Overhead and credit Work in...

Q:

An artificial heart works in closed loop by varying its pumping rate according to changes in signals from the recipients nervous system. For feedback compensation design it is important to know the...

Q:

Harris Manufacturing waited until the last day of the discount periodJune 12to settle an invoice from its supplier, Edwards Electrical Products. The terms were 3/15, n/30. The June 12 payment was...

Q:

How long would it take a spacecraft traveling at 0.65c to get from Earth to Pluto according to clocks (a) on Earth (b) on the spacecraft? Assume Earth and Pluto are on the same side of the Sun.

Q:

After you use a text editor to write a program, will it be in main memory or auxiliary memory?

Q:

The following information is available for the preparation of the government-wide financial statements for the City of Northern Pines for the year ended June 30, 2020: From the previous information,...

Q:

=+b. Use bundles A and B to illustrate that these tastes are in fact convex.

Q:

1. Senior Discounts for Movies. Your movie theater charges a single price of $6. The marginal cost of each patron is $1. A recent marketing survey revealed the following information about senior...

Q:

1. Senior Discounts for Movies. Your movie theater charges a single price of $6. The marginal cost of each patron is $1. A recent marketing survey revealed the following information about senior...

Q:

1. Senior Discounts for Movies. Your movie theater charges a single price of $6. The marginal cost of each patron is $1. A recent marketing survey revealed the following information about senior...

Q:

QUESTION 3 A company reports earnings before taxes of $10.00 per share. Assume the corporate tax rate is 35%, and the personal dividend tax rate is 15% planning to pay all after-tax earnings to...

Q:

pls help me two people have got it incorrect What It Means to Invest in Stocks? Common stock is considered to be one of the most popular investment vehicles for long - term wealth building. Investors...

Q:

Your grandparents have been putting $5000 into an account each year that earns a rate of 4%. If it has been 15 years, how much is it worth now? O $86,984.77 O $100,117.94 $125,014.35 O $75,210.36 If...