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2 years ago

If the two countries were to specialize and trade with one another, which country would import airplanes?

Business

1 answer:

tresset_1 [31]2 years ago

6 0

The country that should import airplanes is country A.

<h3>Which country should import airplanes?</h3>

The country that should import airplanes is the country that does not have a comparative advantage in the production of airplanes. A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.

A country has a lower opportunity cost if it forgoes less quantity of an alternative product when producing another product.

Opportunity cost of country A in the production of airplanes: 8 million / 8 = 1 million

Opportunity cost of country B in the production of airplanes: 4 million / 6 = 670,000

To learn more about comparative advantage, please check: brainly.com/question/25139916

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In many large U.S. cities, taxicab companies operate as near monopolies because of_____.

Naya [18.7K]

Answer: Option (b) is correct.

Explanation:

Correct Option: Licenses

In United States, there is a licensing system which prohibits the number of taxicabs allowed. So, there are less number of taxicabs companies operates in most of the united states cities.

There is a advantage for the taxicabs companies for using the monopoly power.

Whereas, some of the cities of U.S use 'taxi medallions" as the permits for picking up the passengers.

4 0

3 years ago

A newly issued bond has a maturity of 10 years and pays a 7.7% coupon rate (with coupon payments coming once annually). The bond

Sliva [168]

The convexity of the bond is 61.810 and the duration of the bond is 7.330 years.

<u>Explanation</u>:

A newly issued bond has a maturity of 10 years. It pays a 7.7% coupon rate. The coupon payments will receive each year. Using the coupon payments the year will be reduced.
The maturity year will get reduced. So the duration of the bond is approximately 7.330 years. If the bond is sold at par value the convexity can be calculated using the number of years.
So the convexity of the bond is 61.810.

3 0

3 years ago

A dealer bought some tires for 6500. the tires were sold for 9500. making 50 on each tire. how many tires were involved?

VMariaS [17]

Cost price = 6,500
Selling price + profit = 9500
Profit gained = 9,500 - 6,500 = $3000
Number of tires bought = 3000/50 = 60
The dealer bought 60 tires.

6 0

3 years ago

How does 2022 kicks’ xtronic cvt® adaptive ratio control respond to the vehicle accelerating out of a turn?.

MrRa [10]

There are new models of cars always coming out. The 2022 kicks’ xtronic cvt® adaptive ratio control respond to the vehicle accelerating out of a turn by;

When one holds the current gear ratio a just small or a little longer for good/better acceleration.

<h3>What is Xtronic CVT?</h3>

The Nissan CVT is known to be the Xtronic, This is an automobile vehicle that was first produced in 2011.

It is known for its unique moving parts that tends to reduce friction and heat. It is also known to last longer when compared to traditional transmission.

Learn more about Cars from

brainly.com/question/124419

8 0

2 years ago

In which statement(s) are "demand" and "quantity demanded" used correctly? (I) "An increase in the price of tea will reduce the

ryzh [129]

Answer:

The correct answer is letter "A": in both statements I and II.

Explanation:

(I) According to the demand law, <em>if the price of tea increases the quantity demanded of tea will decrease</em>. If the price of tea decreases, the quantity demanded of tea will increase. Quantity demanded and the price has an inversely proportional relationship in the demand law.

(II) When talking about complementary goods like tea and sugar, <em>if the price of tea increases will result in a negative movement along the demand curve of tea and will cause the demand curve of sugar to move inwards. In such a scenario, the demand for each good will be reduced.</em>

8 0

3 years ago