Suppose that greece and sweden both produce fish and shoes. greece's opportunity cost of producing a pair of shoes is 5 pounds of fish while sweden's opportunity cost of producing a pair of shoes is 10 pounds of fish. by comparing the opportunity cost of producing shoes in the two countries, you can tell thaty production of shoes and has a comparative advantage in the production of fish. has a comparative advantage in suppose that greece and sweden consider trading shoes and fish with each other. greece can gain from specialization and trade as long as it receives more than than of fish for each pair of shoes it exports to sweden. similarly, sweden can gain from trade as long as it receives more â–Ľ of shoes for each pound of fish it exports to greece. your answer to the last question, which of the following prices of trade (that is, price of shoes in terms of fish) would allow both sweden and gain from trade? . a) 8 pounds of fish per pair of shoes b) 1 pound of fish per pair of shoes c) 15 pounds of fish per pair of shoes d) 3 pounds of fish per pair of shoes
Answers: 3
Business, 21.06.2019 14:30, terryhgivens4294
When marietta chooses to only purchase a combination of goods that lie within her budget line, she: is decreasing utility. is maximizing utility. likely has negative savings. must reduce the quantity?
Answers: 2
Business, 21.06.2019 22:00, mpete1234567890
Select the correct answers. mila is at a flea market. she has $50 in her wallet. she decides that she will spend $15 on jewelry, $20 on a pair of jeans, $5 on a t-shirt, and $10 on something to eat. she likes a one-of-a-kind t-shirt, but the seller is not ready to sell it for less than $8. she thinks of five ways to deal with this situation. which two choices indicate a trade-off?
Answers: 3
Business, 22.06.2019 12:40, daphnewibranowsky
Kumar consulting operates several stock investment portfolios that are used by firms for investment of pension plan assets. last year, one portfolio had a realized return of 12.6 percent and a beta coefficient of 1.15. the average t-bond rate was 7 percent and the realized rate of return on the s& p 500 was 12 percent. what was the portfolio's alpha?
Answers: 1
Suppose that greece and sweden both produce fish and shoes. greece's opportunity cost of producing a...
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