Business, 18.02.2020 20:57 cvbnkifdfg
Suppose that Spain and Denmark both produce rye and wine. Spain's opportunity cost of producing a bottle of wine is 5 bushels of rye while Denmark'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 thathas a comparative advantage in the production of wine and___ has a comparative advantage in the production of rye. Suppose that Spain and Denmark consider trading wine and rye with each other. Spain can gain from specialization and trade as long as it receives more than of rye for each bottle of wine it exports to Denmark. Similarly, Denmark can gain from trade as long as it receives more than of wine for each bushel of rye it exports to Spain. 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 Denmark and Spain to gain from trade? Check all that apply. a. bushel of rye per bottle of wineb. 8 bushels of rye per bottle of winec. 9 bushels of rye per bottle of wined. 3 bushels of rye per bottle of wine
Answers: 2
Business, 22.06.2019 20:00
After testing its water, a city water department issues a report to the related citizens, noting what chemicals have been identified, their doses, and the estimated risks of exposure at these levels. this report represents a type of
Answers: 1
Business, 22.06.2019 23:00
The quinoa seed is in high demand in wealthier countries such as the u.s. and japan. approximately 97% of all quinoa production comes from small farmers in bolivia and peru who farm at high elevations—8,000 feet or higher. the seed is considered highly nutritious. mostly grown and harvested in bolivia and peru, and sold to markets in other countries, the seed is now considered an important for these nations. the governments of bolivia and peru are hopeful that this product will increase the quality of life of their farmers.
Answers: 3
Business, 22.06.2019 23:10
Which investment has the liquidity and can be converted into cash easily?
Answers: 2
Suppose that Spain and Denmark both produce rye and wine. Spain's opportunity cost of producing a bo...
Mathematics, 26.11.2020 04:00
Chemistry, 26.11.2020 04:00
Biology, 26.11.2020 04:00
English, 26.11.2020 04:00
Spanish, 26.11.2020 04:00
Health, 26.11.2020 04:00
Social Studies, 26.11.2020 04:00
Mathematics, 26.11.2020 04:00
English, 26.11.2020 04:00
Mathematics, 26.11.2020 04:00
Biology, 26.11.2020 04:00
English, 26.11.2020 04:00