The United States can use all its resources to produce 116 desks or 500 shoes. China can use all of its resources produce 30 desks or 300 shoes . What is the opportunity cost (in shoes) of producing a desk in the United States ?

Q: n Germany it takes three workers to make one television and four workers to make one video camera.…

A: TV Video game Germany 3 4  Poland 6 12

Q: Determine the opportunity cost for each nation. Determine what each nation has a comparative…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: A country can produce either 16 pounds of fish or 7 bushels of corn.  What is the opportunity cost…

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Q: Which point represents a situation where Canada is producing the same amount it would in autarky,…

A: Trade refers to the concept of exchanging goods and services in the market. The trade patterns imply…

Q: An American worker can produce either 5 cars or 8 tons of grain a year. A Japanese worker can…

A: United States: Production of 5 cars requires 1 workers in one year Implies, 5 cars = 1 worker 1 car…

Q: The table shows the units of output a worker can produce per hour in Germany and Korea for two…

A: A country has a comparative advantage if it can produce an item or service at a lower/less…

Q: Can both free trade and free flows of foreign direct investment (FDI) will always make everyone…

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Q: Time it takes to produce one car (hours) Time it takes to produce one Laptop (hours) Canada 3,500.00…

A: In oder to know which country will export which goods. Requires comparative advantage analysis.…

Q: Use the table below to answer the question. Production Chart Lemons Limes Country A 55 66 Country B…

A: Opportunity cost of producing a good is a decrease in production of other good needed.

Q: Thailand uses labor, along with capital and natural resources to produce two products: textiles…

A: Production Possibility Curve(PPC) shows the potential GDP of an economy reflecting the various…

Q: China 4,800 Which good will China export and which good will Canada export? Canada will export…

A: Opportunity cost measures the trade off between two goods.

Q: Consider a simple exchange economy with two people: Bob and Jake. Bob and Jake both have 10 hours of…

A: Absolute Advantage is defined as the ability of a country, individual or a firm to produce goods…

Q: Which is not a benefit from specialization and trade? Multiple Choice World output is increased. The…

A: In a market, specialization refers to the situation when a firm tries to improve itself and produces…

Q: The following graph shows the production possibilities curve (PPC) of an economy that produces…

A: Opportunity Cost is the cost or value of doing something or of choosing an alternative. It can be…

Q: Imagine that you work for the World Bank and you have been called to Ghana to aid the new president…

A: Ghana is a developing country, tries to shift from the agriculture sector to the manufacturing…

Q: A country produces two goods and the opportunity cost of production of each good is constant. This…

A: Production possibilities curve represents different combinations of two goods that can be produced.…

Q: a)Identify an example of absolute advantage relative to the United States from your data tables. Be…

A: (a) The U.S take a shorter time to produce the products like corn, citrus, apparel, and computer…

Q: wine SERE54321 90 80 70 60 50 40 30 20 10 PPF Portugal CPF 0 0 10 20 30 40 50 60 cloth wine 90…

A: PPF stands for Production Possibility Frontier, which is a graphical representation showing the…

Q: Who are the winners and losers of the free trade between two countries? Can free trade between the…

A: Comparative AdvantageComparative advantage refers to the principle that suggests countries should…

Q: Consider Figure 2.1 on page 30. Between points c and d, the opportunity cost of  tons of wheat is…

A: It is the gain or benefit from the next best alternative that a person has given up to choose one…

Q: The countries of Aptonville and Boonton each produce two goods: Ovens and Dishwashers. The table…

A: Comparative Advantage: A country have comparative advantage in producing a good implies that the…

Q: We are supposed to create a PPF with manufactured goods on the y axis and agricultural goods on the…

A: The production possibility frontier of an economy is a model that illustrates the total output that…

Q: 1. Based on the above diagram, what is the trade pattern between the U.S. and China?

A: Free trade is an economic policy that promotes unrestricted import and export of goods and services…

Q: It is often asserted that the United States no longer manufactures anything, and that instead it…

A: United States no longer manufactures anything Manufacturing in the United States is a vital sector.…

Q: Derive the production possibilities frontier (PPF) for Home and Foreign and plot it in a graph with…

A: A production possibility frontier (PPF) shows the maximum possible output combinations of two goods…

Q: What is the term for a situation in which a country can produce a good at a lower opportunity cost…

A: In international financial aspects, there are key ideas that assist with explaining why nations…

Q: A worker in the United States and a worker in China can each produce 1,000 pairs of jeans per week.…

A: China:

Q: What is one possible price of capital-intensive goods (in terms of labor-intensive goods) that would…

A: In country A,  1 ton of capital-intensive goods  =200/200 =  1 ton of labor intensive good In…

Q: Opportunity cost is an important factor in looking at comparative advantage. True False

A: Answer: Comparative advantage: a country has a comparative advantage in the production of a good…

Q: The following hypothetical production possibilities tables are for China and the United States.…

A: Comparative cost advantage means that if countries specialize in production of a good which has a…

Q: Suppose the United States can produce cars at an opportunity cost of two computers for each car it…

A: Given information: The United States produces either 2 computers or 1 car The Mexico produces…

Q: Growing Oranges Growing Bananas Jesse 400 200 Кayle 300 200 Who has the absolute advantage and why?…

A: Absolute advantage refers to the ability to produce more goods using same resources or same quantity…

Q: Bangladesh eyes investment gain as Japanese firms exit China Japan incentivizing its companies to…

A: Macroeconomic analysis provides a holistic view of an economy's financial state, uncovering patterns…

Q: Suppose in one hour, 10 kilograms of rice or 5 meters of cloth is produced in India; while 5…

A: The objective of the question is to calculate the opportunity cost of producing cloth in Thailand.…

Q: According to the news wire what is the opportunity cost of a single missile test in terms of corn…

A: The information in the article titled News Wire: Opportunity Cost was reffered to in order to answer…