Business, 24.01.2020 00:31, bubster5820
Suppose that italy and germany both produce rye and cheese. italy's opportunity cost of producing a pound of cheese is 5 bushels of rye while germany's opportunity cost of producing a pound of cheese is 10 bushels of rye.
by comparing the opportunity cost of producing cheese in the two countries, you can tell that ? ( italy or germany? ) has a comparative advantage in the production of cheese and ? ( italy or germany? ) has a comparative advantage in the production of rye.
suppose that italy and germany consider trading cheese and rye with each other. italy can gain from specialization and trade as long as it receives more than ? (1 bushel , 1/10 bushel,1/5 bushel,5 bushel,10 bushel ? ) of rye for each pound of cheese it exports to germany. similarly, germany can gain from trade as long as it receives more than ? (1 pound , 1/10 pound ,1/5 pound ,5 pound ,10 pound ? ) of cheese for each bushel of rye it exports to italy.
based on your answer to the last question, which of the following prices of trade (that is, price of cheese in terms of rye) would allow both germany and italy to gain from trade? check all that apply.
a. 6 bushels of rye per pound of cheese
b. 7 bushels of rye per pound of cheese
c. 4 bushels of rye per pound of cheese
d. 1 bushel of rye per pound of cheese
Answers: 2
Business, 21.06.2019 15:20, destineenikole17
List three major educational changes over the past 100 years that have positively influenced students. explain why these changes were influential.
Answers: 3
Business, 21.06.2019 20:20, AquaNerd5706
Aproduction order quantity problem has a daily demand rate = 10 and a daily production rate = 50. the production order quantity for this problem is approximately 612 units. what is the average inventory for this problem?
Answers: 1
Business, 21.06.2019 20:30, hoolio4495
At a young age, ebony's coaches were confident she had the potential to be a world-class swimmer with a future coaching career. after four years on an athletic scholarship and olympic experience under her belt, she chose a different path. with her savings and personal connections, she rented a corner building in a bustling san francisco neighborhood and pursued her dream: a surf shop business. ebony's dream was rooted in which basic right of free-market capitalism?
Answers: 3
Business, 22.06.2019 10:40, charlesrogers38
What would happen to the equilibrium price and quantity of lattés if the cost to produce steamed milk
Answers: 1
Suppose that italy and germany both produce rye and cheese. italy's opportunity cost of producing a...
Mathematics, 31.03.2020 03:58
Mathematics, 31.03.2020 03:58
Biology, 31.03.2020 03:58