Question: 4. Answer the following questions based off this table. 15 Points) Countries Clothes Produced in First 10 Days of the Month 450 375 Machines Produced

4. Answer the following questions based off this table. 15 Points) Countries Clothes Produced in First 10 Days of the Month 450 375 Machines Produced in Last 20 Days of Month 135 75 Canada Brazil A. Which country has an Absolute Advantage in clothes? [1] B. Is there a comparative advantage? [1] show work below C. Based of your calculations in question B, should these two countries trade and explain why who should specialize in what? [3]

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock 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 Accounting Questions!

Wearable technology is omnipresent in the electronics market. ConnectedDevice is a small company that specializes in wearable technology. It recently introduced the new Cogito Fit, a smartwatch...

You have been hired as a consultant to help Ford Motor Company return to its glory days, when either Henry Ford or Alan Mulally ran the company. In doing so, you must produce a short report to Jim...

Answer the Following Questions based on the spreadsheet attached: Part 6: The operating projections for each project to compute the NPV for each. Which project creates more value? Part 7: Calculate...

Midterm Examination Questions - Spring 2016 1. The final examination grades of random samples of students from three different classes are shown below. Class A Class B Class C 92 91 85 85 85 93 96 90...

Please answer the following questions based on the case below i) what activities/plans/initiatives could potentially constitute a legal violation? (e.g., ad board, speaker program, research grant,...

Please complete excel sheet and do not hesitate if you have any questions Project 1 Name: Type your Name here Complete using excel and submit by uploading to this assignment area by June 14 th 6:00...

The Company: Smith Company (SC) produces special electronic micro-switch devices for smartphone manufactures, with the company located in the Rocky Mountain region of Colorado. SC has been in...

The senior management at XYZ would like to determine if it is possible to improve firm profitability by changing their existing product mix. They produce 3 models: A, B, C. Currently, the product mix...

Find the length of the curve y = x2 / 16 from x = 0 to x = 4

Cite evidence that biological aging, individual heredity, and environmental factors contribute to osteoporosis.

Country or sovereign risk may be caused by the actions of a foreign government that affect the business environment in that country. True false question. True False

Using your preferred code editor (e.g. VSCode), in a Python script called " CR3.py ", write code to answer the following problem. Problem Consider the following ODE, describing the displacement u(t)...