Business, 07.11.2019 03:31 brandyjune9546

Suppose that a worker in boatland can produce either 5 units of wheat or 25 units of fish per year, and a worker in farmland can produce either 25 units of wheat or 5 units of fish per year. there are 10 workers in each country. political pressure from the fish lobby in farmland and from the wheat lobby in boatland has prevented trade between the two countries on the grounds that cheap imports would kill the fish industry in farmland and the wheat industry in boatland. as a result, boatland produces and consumes 25 units of wheat and 125 units of fish per year while farmland produces and consumes 125 units of wheat and 25 units of fish per year. if the political pressures were overcome and trade was to occur, each country would completely specialize in the product in which it has a comparative advantage. if trade were to occur, the combined output of the two countries would increase by
a. 25 units of wheat and 25 units of fish.
b. 50 units of wheat and 50 units of fish.
c. 75 units of wheat and 75 units of fish.
d. 100 units of wheat and 100 units of fish.

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 20:00

Jorge is a manager at starbucks. his operational plan includes achieving annual sales of $4,000,000 for his store. with only one month left to end of the fiscal year, jorge realizes that he won't reach his annual sales goal. what are his options?

Answers: 2

Answer

Business, 22.06.2019 02:10

The federal reserve's organization while all members of the federal reserve board of governors vote at federal open market committee (fomc) meetings, only of the regional bank presidents are members of the fomc. the federal reserve's role as a lender of last resort involves lending to which of the following financially troubled institutions? u.s. banks that cannot borrow elsewhere governments in developing countries during currency crises u.s. state governments when they run short on tax revenues the federal reserve's primary tool for changing the money supply is . in order to decrease the number of dollars in the u.s. economy (the money supply), the federal reserve will government bonds.

Answers: 1

Answer

Business, 22.06.2019 20:20

Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine

Answers: 1

Answer

Business, 23.06.2019 02:40

The mayflower, a seafood restaurant, had the following liabilities by the end of 2015: accounts payable $60,000 wages payable $100,000 unearned revenue $125,000 (60% will be earned in 2016) notes payable $140,000 ($45,000 payable in 2016) what is the amount that the mayflower should report as total current liability on its balance sheet as of december 31, 2015?

Answers: 2

Answer

You know the right answer?

Suppose that a worker in boatland can produce either 5 units of wheat or 25 units of fish per year,...

Questions