Suppose that Spain and Sweden both produce oil and olives. Spain's opportunity cost of producing a crate of olives is 5 barrels of oil while Sweden's opportunity cost of producing a crate of olives is 10 barrels of oil.

By comparing the opportunity cost of producing olives in the two countries, you can tell that has a comparative advantage in the production of olives and has a comparative advantage in the production of oil.

Suppose that Spain and Sweden consider trading olives and oil with each other. Spain can gain from specialization and trade as long as it receives more than of oil for each crate of olives it exports to Sweden. Similarly, Sweden can gain from trade as long as it receives more thanof olives for each barrel of oil it exports to Spain.

Based on your answer to the last question, which of the following prices of trade (that is, price of olives in terms of oil) would allow both Sweden and Spain to gain from trade? Check all that apply.

1) 7 barrels of oil per crate of olives

2) 11 barrels of oil per crate of olives

3) 6 barrels of oil per crate of olives

4) 4 barrels of oil per crate of olives

When selecting a savings account, you should look at the following factors except annual percentage yield (apy) fees minimum balance interest thresholds taxes paid on the interest variable interest rates

An employer who is considering hiring eva has asked donna, eva’s former supervisor, for a report on eva. in truth, eva’s work for donna has been only average. however, eva is donna’s friend, and donna knows that eva probably will not get the job if she says anything negative about eva, and donna knows that eva desperately needs the job. further, donna knows that if the situation were reversed, she would not want eva to mention her deficiencies. nevertheless, it has been donna’s policy to reveal the deficiencies of employees when she has been asked for references by employers, and she knows that some of eva’s faults may be bothersome to this particular employer. finally, this employer has leveled with donna in the past when donna has asked for a report on people who have worked for him. should donna reveal deficiencies in eva’s past performance? (remember to use one of the three moral theories acceptable for this test to solve this dilemma. any discussion of any personal opinion, religious perspective, or theory other than the moral theories acceptable for this test will result in a score of "0" for this question.)

Wallace company provides the following data for next year: month budgeted sales january $120,000 february 108,000 march 140,000 april 147,000 the gross profit rate is 35% of sales. inventory at the end of december is $29,600 and target ending inventory levels are 10% of next month's sales, stated at cost. what is the amount of purchases budgeted for january?