subject
Business, 23.12.2020 18:20 owlette2001

g The nation of Wheatland forbids international trade. In Wheatland, you can buy 1 pound of corn for 3 pounds of fish. In other countries, you can buy 1 pound of corn for 2 pounds of fish. These facts indicate that a. the price of fish in Wheatland exceeds the world price of fish. b. other countries have a comparative advantage, relative to Wheatland, in producing fish. c. if Wheatland were to allow trade, it would import corn. d. Wheatland has a comparative advantage, relative to other countries, in producing corn.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 16:50
The bonds issued by the south foot bear a coupon rate of 7.5 percent, payable semiannually. the bonds mature in 6.5 years, sell at par, and have a $1,000 face value. what is the yield to maturity
Answers: 3
question
Business, 21.06.2019 17:40
Which of the following best explains cost-push inflation? a. increasing wages for workers drive up the cost of production, forcing producers to charge more to meet their costs. b. consumers demand goods faster than they can be supplied, increasing competition among buyers. c. rising prices for goods and services reduce spending power and cut into consumer demand. d. wages drop so that workers have to spend a higher percentage of income on the cost of necessities.2b2t
Answers: 1
question
Business, 22.06.2019 15:00
(a) what was the opportunity cost of non-gm food for many buyers before 2008? (b) why did they prefer the alternative? (c) what was the opportunity cost in 2008? (d) why did it change?
Answers: 2
question
Business, 22.06.2019 16:30
Which of the following has the largest impact on opportunity cost
Answers: 3
You know the right answer?
g The nation of Wheatland forbids international trade. In Wheatland, you can buy 1 pound of corn for...
Questions
question
Mathematics, 08.03.2021 21:50
question
Mathematics, 08.03.2021 21:50
question
Mathematics, 08.03.2021 21:50
Questions on the website: 13722363