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Degger [83]
2 years ago
13

Both islands specialize exclusively in the product for which they have a comparative advantage. You have agreed to give 350 coco

nuts to the other island in exchange for 1,300 fish. After the trade the other island has a total of ______ coconuts and ______ fish.
Business
2 answers:
timurjin [86]2 years ago
3 0

After the trade the other island has a total of 150 coconuts and 1300 fish.

<h3>What do you mean by the comparative advantage?</h3>

Comparative advantage refers to the maximization of the efficiency of the economy and its well being by focusing on the production of those resources, which country can produce and exports them in the exchange of those goods, which a country does not produce.

One can have the comparative advantage at production if it could produce the goods at lower cost as compare to the others.

Here, both the islands focus only on the making of the thing they're best at doing.

Learn more about the comparative advantage here:-

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DaniilM [7]2 years ago
3 0

Both islands specialize exclusively in the product for which they have a comparative advantage. After the trade, the other island has a total of 150 coconuts and 1300 fish. This is further explained below.

<h3>What is trade?</h3>

Generally, trade is simply defined as the exchange of commodities and services.

In conclusion, Both islands focus only on making the thing they're best at doing. Thanks to the exchange, the other island is now stocked with 1300 fish and 150 coconuts.

Read more about Trade

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"The nature and purpose of the public sector result in a unique organizational characteristics". Discuss
alex41 [277]

The correct answer to this open question is the following.

Although the question is incomplete because it does not provide the location, country, or any other further reference, we can say the following.

The nature and purpose of the public sector result in unique organizational characteristics, basically in the formation of bureaucracies that are a form of governmental and administrative organizations with many employees and hierarchies that more that improve management and operations, complicate it and make it slow due to the fact that the number of people working is numerous.

Experts say that this is not the more efficient and effective form of managing governmental offices. On the contrary, it is slow and inefficient.

3 0
3 years ago
For the following three types of project life cycle, extensively explain their similarity and diffrence by the giving your examp
grin007 [14]

The differences between the project life cycle that includes the baum cycle, unido project cycle and the depsa project cycle is the established phase for drawing a project.

<h3>What is a project life cycle?</h3>

This refers to the organized way of viewing the entirety of a project that:

  • establishes the steps to complete a project
  • helps to maintain focus and momentum
  • creates better defined high-level stages of completion

The Baum project cycle in project management consist of the phae that includes Identification, Preparation, Appraisal, Negotiation, Implementation & Supervision and Evaluation

The Depsa project cycle from the sentence Development Project Studies Authority is a project cycle that comprises three major phase.

Read more about project life cycle

brainly.com/question/25231696

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7 0
1 year ago
________ refers to the total value of all the exports and imports of the world's nations.
Musya8 [376]
<span>World trade refers to the total value of all the exports and imports of the world's nations.</span>
3 0
3 years ago
The assertion that "There is no free lunch" means that:
kati45 [8]

Answer:

The correct answer is option B.

Explanation:

The statement "There is no free lunch" means that no product is made for free. Production of any good or service requires resources. These resources are scarce and have alternative uses. So in order to produce any goods or services limited resources are used and its alternative uses are sacrificed.

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3 years ago
List three classified ways of getting into small business?​
lisov135 [29]

Answer:

sole , partnership , team business

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3 years ago
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