Goods Grapes Textiles Spain 8. France 15 Note: figures are hours of labor per unit of...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Goods Grapes Textiles Spain 8. France 15 Note: figures are hours of labor per unit of output Spain has comparative advantage in the production of textiles; D: neither grapes nor textiles). (A: grapes; B: textiles: C: both grapes an QUESTION 44 If France has a labor force of 30,000 hours of labor, after trade begins, it will produce grapes; B: 6000 units of textiles; C: 2000 units of grapes and 6000 units of textiles; D: 200 units of grapes and 400 units of textiles. (A: 2000 units of QUESTION 45 France will gain from trade as long as the international price of grapes measured in terms of textiles is below (A 15; B: 3: C: 5: D: 8) QUESTION 46 will experience higher. (AMRT: B: MRS: When trade opens between two countries, the country with higher C benefit: D: income), QUESTION 47 A 20, B 20 CO D: 100: E-100) Country A imports $60 in shirts and exports $40 in shirts, its trade balance is Goods Grapes Textiles Spain 8. France 15 Note: figures are hours of labor per unit of output Spain has comparative advantage in the production of textiles; D: neither grapes nor textiles). (A: grapes; B: textiles: C: both grapes an QUESTION 44 If France has a labor force of 30,000 hours of labor, after trade begins, it will produce grapes; B: 6000 units of textiles; C: 2000 units of grapes and 6000 units of textiles; D: 200 units of grapes and 400 units of textiles. (A: 2000 units of QUESTION 45 France will gain from trade as long as the international price of grapes measured in terms of textiles is below (A 15; B: 3: C: 5: D: 8) QUESTION 46 will experience higher. (AMRT: B: MRS: When trade opens between two countries, the country with higher C benefit: D: income), QUESTION 47 A 20, B 20 CO D: 100: E-100) Country A imports $60 in shirts and exports $40 in shirts, its trade balance is
Expert Answer:
Answer rating: 100% (QA)
1st question Option A Opportunity cost of Grape in S... View the full answer
Related Book For
The Macro Economy Today
ISBN: 978-1259291821
14th edition
Authors: Bradley R. Schiller, Karen Gebhardt
Posted Date:
Students also viewed these economics questions
-
What is the electric potential created by a line of charge (length L and total charge Q) at a distances from the line along its axis? [ 10 points ] a. Set up the integral to find the potential. [ 7...
-
Suppose households supply 560 billion hours of labor per year and have a tax elasticity of supply of 0.15. If the tax rate is increased by 10 percent, by how many hours will the supply of labor...
-
Which region has a comparative advantage in the following goods: a. Wheat: Colombia or the United States? b. Coffee: Colombia or the United States? c. Timber: Iowa or Washington? d. Corn: Iowa or...
-
18. Equal volumes of two solutions containing 3.65g of HCl and 4.0 g of NaOH respectively are mixed. The pli of the mixture is 2) <7 3) >7 19. When Imi of 0.IN HCIIS added to 1 litre of a solution of...
-
Journalize the following transactions for the Robe Company of Yorktown and below each entry show all calculations: 2014 Jan. Sold a truck for $3,600 that cost $12,800 and had accumu- lated...
-
Integrate the hydrostatic relation by assuming that the isentropic bulk modulus, B = (p/)s, is constant. Apply your result to the Mariana Trench, Prob. 2.7.
-
Aaron Reed, a photographer, was in a dispute with Ezelle Investment Properties, Inc., over Ezelle allegedly using one of Reeds photographs without permission. Reed sent Ezelle a cease-and-desist...
-
Managers at the Dew Drop Inn are concerned about the increasing number of guests who make reservations but fail to show up. They have decided to institute a policy of overbooking like larger hotel...
-
Note: Assume all raw materials were used as direct materials. Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Raw materials...
-
Overview The milestone for Project One involves applying accounting principles and methods to long-term liabilities and equity. You will also evaluate these financial statement components for...
-
Which of the following is an example of a behavior goal? Lose 10 pounds Increase back squat by 10 pounds Workout 3 days a week Decrease mile run time by 1 minute
-
ALC Corp. has assets in place that's worth $800 million. It also has intangible assets worth $200 million, making the total value of the firm $1 billion. Because the company locates in a flood zone,...
-
a. A student of the MBA course anticipates that the pound will depreciate from $1.80 to $1.78 in one year. Since she has no money to invest asks for a loan from Zeta Bank. She can get either 1...
-
A mass m 1 = 2 5 . 0 kg on a frictionless ramp is attached to a light string. The string passes over a frictionless pulley and is attached to a hanging mass m 2 . The ramp is at an angle theta = 3 0...
-
At an annual percentage rate (APR) of 16%, compounded quarterly, what is the present value of an income stream specified as follows? It pays $60 next quarter and grows at 2% per quarter until the end...
-
Financial Planning and Forecasting: Using Regression to Improve Forecasts Regression analysis is a statistical technique that fits a line to observed data points so that the resulting equation can be...
-
Nonprofit entities establish endowments when a donor contributes assets and makes certain specifications, including what? Select one: a. That the nonprofit's board of trustees should decide how to...
-
What recommendations would you make to Big Four firms to help them (1) avoid confrontations with governmental officials in an authoritarian society and (2) deal effectively with such confrontations...
-
According to the News on page 400, what is the implied value of the multiplier for (a) Increased unemployment benefits? (b) Infrastructure spending?
-
In our story of Tom, the student confronted with a web design assignment, we emphasized the great urgency of his desire for web tutoring. Many people would say that Tom had an "absolute need" for web...
-
How does the slope of the AS curve affect the size of the AD shortfall? If the AS curve were horizontal, how large would the AD shortfall be in Figure 11.3?
-
The transfer function of a dynamic system is given by \[G(s)=\frac{s+1}{4 s^{4}+5 s^{3}+2 s^{2}+s+6} \] a. Using Routh's stability criterion, determine the stability of the system. b. Using MATLAB,...
-
Figure 10.40 shows a negative feedback control system. a. Design a P controller such that the damping ratio of the closed-loop system is 0.5 . b. Estimate the rise time, overshoot, and \(2 \%\)...
-
Consider the feedback system shown in Figure 10.26. a. Using Routh's stability criterion, determine the range of the control gain \(K\) for which the closed-loop system is stable. b. Use MATLAB...
Study smarter with the SolutionInn App