Briefly explain whether you agree with the following argument: "Unfortunately, Bolivia does not have a comparative advantageLOADING... with respect to the United States in the production of any good or service." (Hint: You do not need any specific information about the economies of Bolivia or the United States to be able to answer this question.)

I agree, since some countries are better equipped with respect to the production of some good, it makes a difference between them, in this case the United States has a comparative advantage over Bolivia.

Explanation:

A simple example to demonstrate the comparative advantage of the United States vis-à-vis Bolivia is the costs that refer to transportation. For example, when the United States sells a compound such as tin, it is not only selling this mineral, but also selling its services in the transfer, seen in this way, the cost of transportation would influence the exchange of goods. To demonstrate this point of view, if both countries sell tin, but the price in Bolivia is much higher than in the United States, a comparative advantage of the United States vis-à-vis Bolivia in the production of such mineral would clearly be observed.

answersupplies;

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans. 

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.