subject
Business, 14.03.2020 05:15 deadmoney

The price of trade Suppose that Portugal and Switzzerland both produce rye and wine. Portugal's opportunity cost of producing a bottle of wine is 4 bushels of rye while Switzerland's opportunity cost of producing a bottle of wine is 10 bushels of rye. By comparing the opportunity cost of producing wine in the two countries, you can tell that production of wine and has a comparative advantage in the has a comparative advantage in the production of rye. Suppose that Portugal and Switzerland consider trading wine and rye with each other. Portugal can gain from specialization and trade as long as it of rye for each bottle of wine it exports to Switzerland. Similahr, Switzerland can gain from trade as long as it receives more than of wine for each bushel of rye it exports to Portugal. receives more than Based on your answer to the last question, which of the following prices of trade (that is, price of wine in terms of rye) would allow both Switzerland and Portugal to gain from trade? Check all that apply. 1 bushel of rye per bottle of wine 6 bushels of rye per bottle of wine 9 bushels of rye per bottle of wine 18 bushels of rye per bottle of wine

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 09:30
Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. question 1 options: true false
Answers: 1
question
Business, 22.06.2019 19:40
When a company produces and sells x thousand units per week, its total weekly profit is p thousand dollars, where upper p equals startfraction 800 x over 100 plus x squared endfraction . the production level at t weeks from the present is x equals 4 plus 2 t. find the marginal profit, startfraction dp over dx endfraction and the time rate of change of profit, startfraction dp over dt endfraction . how fast (with respect of time) are profits changing when tequals8?
Answers: 1
question
Business, 22.06.2019 20:20
Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale.required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse.b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this.c. explain the difference between sale of receivables with recourse as oppose to without recourse.
Answers: 2
question
Business, 23.06.2019 13:10
Barry owns a 50 percent interest in b& b interests, a partnership. his brother, benny, owns a 35 percent interest in that same partnership, and the remaining 15 percent is owned by an unrelated individual. during 2016, barry sells a rental property with a basis of $60,000 to b& b interests for $100,000. the partnership intends to hold the rental as inventory for resale. what is the amount and nature of barry’s gain or loss on this transaction?
Answers: 1
You know the right answer?
The price of trade Suppose that Portugal and Switzzerland both produce rye and wine. Portugal's oppo...
Questions
Questions on the website: 13722363