Business, 30.03.2021 18:50 rayray7155
The table below represents daily production possibilities for a typical worker in both China and the United States, assuming that only two types of goods are produced in each country: food and textiles. (Put your answers in decimal form to two decimal places.)
Output per Worker per Day (unit)
Food Textiles
China 1 2
United States 9 3
The opportunity cost of 1 more unit of The opportunity cost of 1 more unit of food in China is giving up food in the United States is giving up units of textiles. The opportunity cost of 1 more unit of textiles in China is giving up textiles in the United States is giving up units of food. The opportunity cost of 1 more unit of China has the comparative advantage in the production of and the United States has the comparative advantage in the production of
Answers: 2
Another question on Business
Business, 22.06.2019 13:30
On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?
Answers: 3
Business, 22.06.2019 14:30
If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided
Answers: 1
Business, 22.06.2019 17:00
During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak
Answers: 2
Business, 23.06.2019 02:00
Which type of unemployment would increase if workers lost their jobs because their positions were replaced by an automated process? a) cyclical b) frictional c) international d) structural
Answers: 1
You know the right answer?
The table below represents daily production possibilities for a typical worker in both China and the...
Questions
Spanish, 20.01.2020 00:31
Mathematics, 20.01.2020 00:31
History, 20.01.2020 00:31
Mathematics, 20.01.2020 00:31
English, 20.01.2020 00:31
Mathematics, 20.01.2020 00:31
Computers and Technology, 20.01.2020 00:31
History, 20.01.2020 00:31
