subject
Business, 25.01.2020 02:31 mmm5398

Suppose that greece and sweden both produce fish and shoes. greece's opportunity cost of producing a pair of shoes is 5 pounds of fish while sweden's opportunity cost of producing a pair of shoes is 10 pounds of fish. by comparing the opportunity cost of producing shoes in the two countries, you can tell thaty production of shoes and has a comparative advantage in the production of fish. has a comparative advantage in suppose that greece and sweden consider trading shoes and fish with each other. greece can gain from specialization and trade as long as it receives more than than of fish for each pair of shoes it exports to sweden. similarly, sweden can gain from trade as long as it receives more â–¼ of shoes for each pound of fish it exports to greece. your answer to the last question, which of the following prices of trade (that is, price of shoes in terms of fish) would allow both sweden and gain from trade? . a) 8 pounds of fish per pair of shoes b) 1 pound of fish per pair of shoes c) 15 pounds of fish per pair of shoes d) 3 pounds of fish per pair of shoes

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 09:40
Wilson center is a private not-for-profit voluntary health and welfare entity. during 2017, it received unrestricted pledges of $638,000, 65 percent of which were payable in 2017, with the remainder payable in 2018 (for use in 2018). officials estimate that 14 percent of all pledges will be uncollectible. a. how much should wilson center report as contribution revenue for 2017? b. in addition, a local social worker, earning $20 per hour working for the state government, contributed 600 hours of time to wilson center at no charge. without these donated services, the organization would have hired an additional staff person. how should wilson center record the contributed service?
Answers: 2
question
Business, 23.06.2019 00:00
The gorman group is a financial planning services firm owned and operated by nicole gorman. as of october 31, 2016, the end of the fiscal year, the accountant for the gorman group prepared an end-of-period spreadsheet, part of which follows:
Answers: 2
question
Business, 23.06.2019 01:30
Young owners of a sole proprietorship will likely not find financial support available from?
Answers: 2
question
Business, 23.06.2019 07:00
Choose all that apply. a financially-responsible person has a budget has no plan spends less than they make pays for everything with a credit card saves their money pays bills on time
Answers: 1
You know the right answer?
Suppose that greece and sweden both produce fish and shoes. greece's opportunity cost of producing a...
Questions
question
Mathematics, 09.02.2021 20:20
question
World Languages, 09.02.2021 20:20