Business, 18.02.2020 20:24 chiah

Suppose an American worker can make 20 pairs of shoes or grow 100 apples per day. On the other hand, a Canadian worker can produce 10 pairs of shoes or grow 20 apples per day. Which of the following statements is true? a. The United States has a comparative advantage in the production of shoes b. Canada has a comparative advantage in the production of shoes. c. Comparative advantage doesn't exist in this scenario. d. Both countries have a comparative advantage in the production of shoes

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 04:40, boomerjm

How long have u been on dis website

Answers: 2

continue

Business, 22.06.2019 08:00, savannahworkman11

How do communism and socialism differ in terms of the role that government plays in the economy ?

Answers: 1

continue

Business, 22.06.2019 11:30, levy72

10. lucy is catering an important luncheon and wants to make sure her bisque has the perfect consistency. for her bisque to turn out right, it should have the consistency of a. cold heavy cream. b. warm milk. c. foie gras. d. thick oatmeal. student d incorrect

Answers: 2

continue

Business, 22.06.2019 20:10, Zayybabii

With signals from no-claim bonuses and deductibles, a. the marginal cost curve for careful drivers lies to the left of the marginal cost curve for aggressive drivers b. auto insurance companies insure more aggressive drivers than careful drivers because aggressive drivers have a greater need for the insurance c. the market for car insurance has a separating equilibrium, and the market is efficient d. most drivers pay higher premiums than if the market had no signals

Answers: 1

continue

You know the right answer?

Suppose an American worker can make 20 pairs of shoes or grow 100 apples per day. On the other hand,...