Table 1 Labour Hours Needed to Make 1 Kg of: Meat Potatoes Canada 8. Brazil 4 Refer to Table 1. How could Canada and Brazil both benefit? O Canada specializes in neither good and Brazil specializes in both goods. Canada specializes in meat and Brazil specializing in potatoes. Canada specializes in potatoes and Brazil specializing in meat. O They cannot benefit by specialization and trade

Table 1 Labour Hours Needed to Make 1 Kg of: Meat Potatoes Canada 8. Brazil 4 Refer to Table 1. How could Canada and Brazil both benefit? O Canada specializes in neither good and Brazil specializes in both goods. Canada specializes in meat and Brazil specializing in potatoes. Canada specializes in potatoes and Brazil specializing in meat. O They cannot benefit by specialization and trade

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Table 3-5 England Spain Labour hours needed to make one unit: Cheese 1 Select one: O a. consumers who like bread O b. owners of cheese-producing companies Bread 2 8 O c. consumers who like cheese O d. owners of milk-producing companies Amount produced in 40 hours: Cheese Refer to Table 3-5. If England and Spain specialize and trade according to their respective comparative advantage, who gains in the short run in England? 40 20 Bread 20 5
00 R Which producer would MOST likely be harmed from free trade? O domestic manufacturers that compete against foreign imports domestic manufacturers that use a lot of imported raw materials O domestic manufacturers that face no foreign competitors O domestic manufacturers that produce goods primarily for export 0 Unit 7 - Chapter 1.xlsx O Topic 2 (2).docx Topic 2 (1).docx Unit 7- Chapter 1.xlsx 73°F ins prt sc delete f8 LL 6) 144 I14 & backspace 7. D. 39 K. 7. sned W N 8
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