subject
Business, 13.02.2020 04:29 crawford184232323234

Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year, and a worker in Oatland can grow either 20 bushels of corn or 5 bushels of oats per year. There are 20 workers in Cornland and 20 workers in Oatland. Which of the following statements is true?

A. Both countries could gain from trade with each other.
V. Neither country could gain from trade with each other because Cornland has an absolute advantage
in both goods.
C. Oatland could gain from trade between the two countries, but Cornland definitively would lose.
D. Neither country could gain from trade with each other because neither one has a comparative
advantage.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 15:30
Marvin wrote a check of $58.25 for the water bill and $450 for rent. he also made a deposit of $124.16. how much is his new balance after writing the checks and making the deposit?
Answers: 3
question
Business, 21.06.2019 16:50
Which of the following is the most important role of marketing in the process selection decision? identifying points of differentiation for mass customization. stimulating demand in developing markets. estimating and managing future demand. providing translation of the voice of the customer.
Answers: 2
question
Business, 22.06.2019 01:40
Suppose general motors demands labor according to the labor demand function ํ‘คํ‘ค= 40โˆ’0. 5ํธํธ, where ํ‘คํ‘ค is the hourly wage and ํธํธ is the number of employees. the united auto workers union has a utility function given by ํ‘ˆํ‘ˆ=ํ‘Šํ‘Šโˆ—ํธํธ. a.in 1984, the united auto workers union started negotiations with general motors by assuming that they were a monopoly union. find the wage and employment demands that the united auto workers union would have demanded before any bargaining began. b.if general motors and the united auto workers union both had excellent bargaining representatives, would this be the final labor contract? if not, then explain in words and graphically where they would end up after the bargaining process.
Answers: 1
question
Business, 22.06.2019 16:50
According to ceo heidi ganahl, camp bow wow requires a strong and consistent corporate culture to keep all local franchise owners "on the same page" and to follow a common template for the business and brand. this culture could become detrimental over time because: (a) strong consistent cultures are inflexible and incapable of adapting to environmental change (b) strong consistent cultures are too flexible and capable of adapting to environmental change (c) strong consistent cultures donโ€™t perform well in any environment (d) the passing of time provides stability and predictability for businesses
Answers: 2
You know the right answer?
Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year,...
Questions
question
Mathematics, 09.02.2021 19:10
question
Chemistry, 09.02.2021 19:10
question
Biology, 09.02.2021 19:10
question
Mathematics, 09.02.2021 19:10
question
Social Studies, 09.02.2021 19:10
Questions on the website: 13722367