Business
Business, 10.03.2020 00:06, lizbeth232001

Suppose that Portugal and Austria both produce fish and shoes. Portugal's opportunity cost of producing a pair of shoes is 4 pounds of fish while Austria's opportunity cost of producing a pair of shoes is 10 pounds of fish.

By comparing the opportunity cost of producing stained glass in the two countries, you can tell that as a comparative advantage in the production of stained glass and has a comparative advantage in the production of fish.

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 20:30, absports
Identify the level of the literature hierarchy for u. s. gaap to which each item belongs
Answers: 1
image
Business, 22.06.2019 20:40, IkweWolf1824
Which of the following would indicate an improvement in a company's financial position, holding other things constant? a. the inventory and total assets turnover ratios both decline. b. the debt ratio increases. c. the profit margin declines. d. the times-interest-earned ratio declines. e. the current and quick ratios both increase.
Answers: 3
image
Business, 22.06.2019 21:30, kaitlngley2367
Which is the most compelling reason why mobile advertising is related to big data?
Answers: 1
image
Business, 22.06.2019 22:30, xxcecccc
Rahm's credit card issuer calculates interest based on the outstanding balance at the end of the last billing period. what is this method of calculating interest on a credit card called?
Answers: 2
Do you know the correct answer?
Suppose that Portugal and Austria both produce fish and shoes. Portugal's opportunity cost of produc...

Questions in other subjects: