Social Studies
Social Studies, 08.12.2020 17:50, kimberlyalonso6697

The Gains from Trade Output Before Specialization and Trade
U. S. Japan Total
Product A 20,000 30,000 50,000
Product B500,000 30,000 530,000
Output After Specialization and Trade
U. S Japan
Total Net Gain
Product 0 60,000 60,000 10,000
Product B 800,000 0 800,000 270,000
What is the benefit of the U. S. producing only Product B and Japan producing only Product A?
A)
B)
Because of comparative advantage, the two countries can produce a
greater amount of products.
Because of absolute advantage, the two countries can produce a greater
amount of products,
The two countries can produce enough of each product individually to
meet their needs.
The total output of Product B increases by 300,000 units.
D)

answer
Answers: 3

Other questions on the subject: Social Studies

image
Social Studies, 22.06.2019 10:20, eweqwoewoji
The president vetoes a bill proposed to become law by congress. in this situation, what happens to the bill?
Answers: 1
image
Social Studies, 22.06.2019 12:30, kenniedalany
Give an example of a situation in which an individual's pursuit of economic self-interest may not benefit but instead harm the rest of society
Answers: 1
image
Social Studies, 22.06.2019 15:30, sugar1014
Using your time line, your analysis of images from the library of congress’s website, and your textbook, write a letter of 3-5 paragraphs for a time capsule to be opened in 200 years that describes the characteristics of texas from the time of the civil war to the late 1800s. be sure to include information on texas’s government, economy, and people. be sure to use specific evidence to support your writing. cite your textbook using specific page numbers, as well as any images you describe. edit your work for proper grammar, punctuation, and spelling before submitting. hurry im short on time
Answers: 2
image
Social Studies, 22.06.2019 21:00, melissaschnelting
According to the law of supply, suppliers want to sell their product at prices
Answers: 3
Do you know the correct answer?
The Gains from Trade Output Before Specialization and Trade
U. S. Japan Total
Product A...

Questions in other subjects:

Konu
Chemistry, 28.01.2020 10:31
Konu
Mathematics, 28.01.2020 10:31