Social Studies, 13.12.2020 01:40 bertha4082
Suppose that the United States and Canada can each produce two products: lumber and beef. Create a table like the one below, showing labor requirements per unit of output for each country. (Hint: Choose numbers for each country that are easily divisible by one another.)
What does absolute advantage mean? How do you calculate absolute advantage? In what output(s) does the U. S. have an absolute advantage? Explain using the data from your table. In what output(s) does Canada have an absolute advantage? Explain using the data from your table.
What does comparative advantage mean? How do you calculate comparative advantage? In what output(s) does the U. S. have a comparative advantage? Explain using the data from your table. In what output(s) does Canada have a comparative advantage? Explain using the data from your table.
What product should each country export? Why?
Answers: 1
Social Studies, 21.06.2019 17:00
Hurry ! between 1900 and 2010, how did the world’s population change? a. it increased from about 1.5 billion to almost 7 billion. b. it decreased from about 7 billion to about 1 billion. c. it increased from about 5 billion to about 7 billion. d. it decreased from about 7 billion to about 1.5 billion.
Answers: 2
Social Studies, 22.06.2019 03:00
Why have the aztec ruins in mexico city not been dug up?
Answers: 2
Social Studies, 22.06.2019 03:30
Lava and other matierls luanced from a volcano and into the air are referenced as
Answers: 1
Social Studies, 22.06.2019 12:00
Abrief, "first-step" presentation of a work to be completed is called a
Answers: 1
Suppose that the United States and Canada can each produce two products: lumber and beef. Create a t...
Biology, 02.10.2019 04:20