subject
Business, 05.05.2021 22:40 lolo15xxx

Japan has the ability to produce either 10,000 televisions or 5,000 cars in a day. The United States has the ability to produce 20,000 televisions or 15,000 cars in a day. Japan has the lower opportunity cost of producing televisions, while the United States has the lower opportunity cost of producing cars. 1. The United States has the comparative advantage in: .
a.) neither cars nor televisions.
b.) televisions.
c.) cars.
d.) both cars and televisions.
2. Which of the following statements about comparative advantage is true? (please explain)
a.) A country that produces a good the fastest will always have the comparative advantage.
b.) The country with the highest opportunity cost has the comparative advantage.
c.) Comparative advantage will determine the patterns and terms of trade.
d.) Comparative advantage is only relevant to international trade, not local or national trade.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 23:00
Which of the following statements is correct? a. two firms with identical sales and operating costs but with different amounts of debt and tax rates will have different operating incomes by definition. b. free cash flow (fcf) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. c. retained earnings as reported on the balance sheet represent cash and, therefore, are available to distribute to stockholders as dividends or any other required cash payments to creditors and suppliers. d. if a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported on the income statement should be equal to its free cash flow. e. after-tax operating income is calculated as ebit(1 - t) + depreciation.
Answers: 2
question
Business, 21.06.2019 23:30
As manager of kids skids, meghan wants to develop her relationship management skills. in order to do this, she learns how to
Answers: 2
question
Business, 22.06.2019 14:20
Frugala is when sylvestor puts $2,000 into 10-year state bonds and $3,000 into 5-year aaa-rated bonds in steady hand hardware, inc. he buys the four state bonds at a 5 percent interest rate and the three steady hand bonds at a 6.5 percent rate. sylvestor also buys $1,500 worth of blue chip stocks, and $800 worth of stock in a promising new sportswear company that reinvests its earnings in new growth. 1. (a) what is the maturity for each of the bond groups sylvestor buys? (b) the coupon rate? (c) the par value?
Answers: 3
question
Business, 22.06.2019 20:00
Modern firms increasingly rely on other firms to supply goods and services instead of doing these tasks themselves. this increased level of is leading to increased emphasis on management.
Answers: 2
You know the right answer?
Japan has the ability to produce either 10,000 televisions or 5,000 cars in a day. The United States...
Questions
question
Mathematics, 24.07.2019 02:30
question
Mathematics, 24.07.2019 02:30
question
History, 24.07.2019 02:30
question
Computers and Technology, 24.07.2019 02:30
Questions on the website: 13722360