subject
Business, 20.02.2020 01:40 nickolasbradyp0hvwl

Suppose that Italy and Switzerland both produce rye and wine. Italy's opportunity cost of producing a bottle of wine is 5 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, ITALY or SWITZERLAND, has a comparitive advantage in the production of wine and, ITALY or SWITZERLAND, has a comparative advantage in the production of rye.

Suppose that Italy and Switzerland consider trading wine and rye with each other. Italy can gain from specialization and trade as long as it receives more than.

a.1 bushel

b.1/10 bushel

c.1/5 bushel

d.5 bushels

e.10 bushels

Based on your answer to the last question, which of the following terms of trade (that is, price of wine in terms of rye) would allow both Switzerland and Italy to gain from trade? Check all that apply.

a.12 bushels of rye per bottle of wine

b.1 bushel of rye per bottle of wine

c.2 bushels of rye per bottle of wine

d.6 bushels of rye per bottle of wine

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:00
Identify the accounting assumption or principle that is described below. (a) select the accounting assumption or principle is the rationale for why plant assets are not reported at liquidation value. (note: do not use the historical cost principle.) (b) select the accounting assumption or principle indicates that personal and business record-keeping should be separately maintained. (c) select the accounting assumption or principle assumes that the dollar is the "measuring stick" used to report on financial performance. (d) select the accounting assumption or principle separates financial information into time periods for reporting purposes. (e) select the accounting assumption or principle measurement basis used when a reliable estimate of fair value is not available. (f) select the accounting assumption or principle dictates that companies should disclose all circumstances and events that make a difference to financial statement users.
Answers: 3
question
Business, 22.06.2019 04:10
Universal containers(us) has an integration with its accounting system that creates tens of thousands of orders inside salesforce in a nightly batch. us wants to add automation that can attempt to match leads and contacts to these orders using the email address field on the insert. us is concerned about the performance of the automation with a large data volume. which tool should uc use to automate this process?
Answers: 1
question
Business, 22.06.2019 17:30
What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?
Answers: 1
question
Business, 22.06.2019 20:30
Discuss ways that oracle could provide client customers with the ability to form better relationships with customers.
Answers: 3
You know the right answer?
Suppose that Italy and Switzerland both produce rye and wine. Italy's opportunity cost of producing...
Questions
question
Mathematics, 24.02.2022 09:10
question
Mathematics, 24.02.2022 09:10
question
Mathematics, 24.02.2022 09:10
question
Biology, 24.02.2022 09:10
question
Biology, 24.02.2022 09:20