Business, 14.02.2020 03:48 karsenbeau

Indicate weather each of the following statements is true or false.
1. There can be no gains from trade between two countries if one of them has an absolute advantage in the production of all goods.
2. Comparative advantage determines the gains from specialization and trade.
3. If a certain trade is good for one country, it can't be good for the other country.
4. Two individuals can benefit from specialization and trade if they agree upon a price that lies between their opportunity costs of producing the good.
5. When a country opens to trade, people working in industries producing goods that the country exports are harmed by the trade.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 03:10, kingbob101

Jackson is preparing for his hearing before the federal communications commission (fcc) involving a complaint that was filed against him by the fcc regarding the interruption of radio frequency. the order to "cease and desist" using the radio frequency has had a detrimental impact on his business. once the administrative law judge prepares his or her initial order, jackson has no further options. no, jackson can request that the matter be reviewed by an agency board or commission. yes, once the initial order is presented, it's only a matter of time before the order becomes final.

Answers: 3

continue

Business, 22.06.2019 11:40, sabrinabowers4308

Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes

Answers: 1

continue

Business, 22.06.2019 17:50, pickles3233

The management of a supermarket wants to adopt a new promotional policy of giving a free gift to every customer who spends > a certain amount per visit at this supermarket. the expectation of the management is that after this promotional policy is advertised, the expenditures for all customers at this supermarket will be normally distributed with a mean of $95 and a standard deviation of $20. if the management wants to give free gifts to at most 10% of the customers, what should the amount be above which a customer would receive a free gift?

Answers: 1

continue

Business, 22.06.2019 18:00, mcckenziee

When peter metcalf describes black diamond’s manufacturing facility in china as a “greenfield project,” he means that partnered with a chinese company to buy the plant . of all market entry strategies, this one carries the lowest risk. because black diamond manufactures its outdoor sports products outside the united states, what risks must its managers be aware of?

Answers: 1

continue

You know the right answer?

Indicate weather each of the following statements is true or false.
1. There can be no gains f...