Suppose big country can produce 80 units of x by using all its resources to produce x or 60 units of y devoting all its resources to y. comparable figures for small nation are 60 units of x and 60 units of y. assuming constant costs, in which product should each nation specialize? explain why. what are the the limits of the terms of trade between these two countries? how would rising cost (rather than constant costs) affect the extent of specialization and trade between these two countries?

Identify which of the twelve basic functions listed below fit the description given.

He set of companies a product goes through on the way to the consumer is called the a. economic utility b. cottage industry c. market saturation d. distribution chain

Ds unlimited has the following transactions during august. august 6 purchases 58 handheld game devices on account from gamegirl, inc., for $140 each, terms 2/10, n/60. august 7 pays $340 to sure shipping for freight charges associated with the august 6 purchase. august 10 returns to gamegirl three game devices that were defective. august 14 pays the full amount due to gamegirl. august 23 sells 38 game devices purchased on august 6 for $160 each to customers on account. the total cost of the 38 game devices sold is $5,448.51. required: record the transactions of ds unlimited, assuming the company uses a perpetual inventory system. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. round your answers to 2 decimal places.)