Solve only for 8.4 84Assermethere are2 countries peerducing apples andoranges. Each country has many workers. The tablegives the number of necessary hours toproduce each.Clabor is the only input).8.2Appleorange8.1 тние огA85X > 4o exwhereFalse : country A has an absolute advantagein producing both goodsTrue or false : country Ain producing apples for any value of x>5.has comparative advantagetoute8.3 True or False: There eacists a value of X such that suutscountry A has a strict comparative advantage inproducing both goods 8.4 if X=Y, trade is not welfare increasing for any country.7for this sentence to be true, what is the value of Y?trade is always goodWeite Y=0 if yourfor both countries ".ir answer isC

Answered: Image /qna-images/answer/2c55f373-4e1e-4df4-a498-434fefb11a91.jpg

Answered: Solve only for 8.4

Business

Accounting

Solve only for 8.4

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Solve only for 8.4

84
Asserme
there are
2 countries peerducing apples and
oranges. Each country has many workers. The table
gives the number of necessary hours to
produce each.
Clabor is the only input).
8.2
Apple
orange
8.1 тние ог
A
8
5
X > 4
o ex
where
False : country A has an absolute advantage
in producing both goods
True or false : country A
in producing apples for any value of x>5.
has comparative advantage
toute
8.3 True or False: There eacists a value of X such that suuts
country A has a strict comparative advantage in
producing both goods

8.4 if X=Y, trade is not welfare increasing for any country.
7
for this sentence to be true, what is the value of Y?
trade is always good
Weite Y=0 if your
for both countries ".
ir answer is
C

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