1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vladimir [108]
3 years ago
10

Suppose that Spain has a comparative advantage in hats and Portugal has a comparative advantage in doormats. Under a system of f

ree trade, each country specializes and then trades with the other. If the price starts at four hats per doormat, and then increases to five hats per doormat, then: Group of answer choices some of the gains from trade shift to Spain. some of the gains from trade shift to Portugal. people in Portugal will not want to buy as many hats. Spain no longer has a comparative advantage in hats.
Social Studies
1 answer:
Lady_Fox [76]3 years ago
6 0

Answer:

Some of the gains from trade shift to Portugal.

Explanation:

The law of comparative advantage describes how agents produces more of and consumes less of a good for which they have a comparative advantage in. Agents have a comparative advantage if they produce a good at a lower marginal cost prior to trade. Contrary to it, agent has an absolute advantage if they produce a good more productively, or more quantity of goods for a less amount of resources.

In this example, if the price of doormat increases to 5 hats per doormat, Spain will have to produce hats to get 1 doormat. Contrary to it, Portugal will get more hats for producing the same amount of doormats as before.

So, to conclude, Portugal will gain from this trade.

You might be interested in
A city that has been granted greater autonomy in the organization and function of its government is ______.
ale4655 [162]

Answer:

The answer is Home Rule City.

Explanation:

Home Rule City is a region or a dependent country that is governed by its citizens. It is considered the power that belongs to a constituent part of a state and through which this constituent part exercises the powers of governance concerning the different states.

In the United States and other countries that are considered federations of states, the term is used to talk about the process as well as the mechanisms of self-government that are applied by municipalities, counties, or some units that belong to the local government.    

4 0
3 years ago
The scientific approach to management emerged in the early 20th century when companies wished to increase worker productivity to
Shalnov [3]

Answer:

The answer is labor shortages.

Explanation:

A labor shortage can be defined as a condition related to the economy in which employers consider that there are not the necessary qualified candidates or employees who can be in charge of the different demands concerning the marketplace.

This situation is usually considered by economists as "an insufficiency in the labor force." Wage levels are considered a factor to measure a labor shortage. However, that factor is not usually related to the way through which people perceive things.  

7 0
3 years ago
When is Donald Trumps Birthday
Veronika [31]
Donald trumps birthday is on June 14, 1946.
4 0
3 years ago
Read 2 more answers
​Rosario is a chef and caterer who hires out on a per-project basis to companies with on-location work sites, as well as to host
Burka [1]

An independent contractor is the correct answer.

Independent contractors are businesses, corporations or people who provide some kind of goods or services to another person or organization under a contract between them. In order for a person to be considered self-employed, or an independent contractor, he/she must be free from the client's control, be able to control the manner and methods to accomplish the end-result, and be responsible for the delivery of the good and service under the terms of the contract.

5 0
3 years ago
Please help me with this essay. It needs to be like, 400 words.if you want more points check out my other post it’s posted for 1
jeka94

Answer:

Explanation:

Issue: Can an institution of higher learning use race as a factor when making admissions decisions?

Result: The Court held that universities may use race as part of an admissions process so long as "fixed quotas" are not used. The Court determined that the specific system in place at the University of California Medical School was "unnecessary" to achieve the goal of creating a diverse student body and was merely a "fixed quota" and therefore, was unconstitutional.

Importance: The decision started a line of cases in which the Court upheld affirmative action programs. In 2003, such academic affirmative action programs were again directly challenged in Gratz v. Bollinger and Grutter v. Bollinger. In these cases, the Court clarified that admission programs that include race as a factor can pass constitutional muster so long as the policy is narrowly tailored and does not create an automatic preference based on race. The Court asserted that a system that created an automatic race-based preference would in fact violate the Equal Protection Clause.

3 0
2 years ago
Other questions:
  • Which Australia TV soap has starred Chris Hemsworth, Dannii Minogue and Isla Fisher
    11·1 answer
  • A charity group, "Shelter for All" was formed by local residents to rebuild the homes of those who lost their homes to a hurrica
    15·1 answer
  • The Mycenaeans valued objects that required time and effort to make.<br><br> true or false
    5·1 answer
  • Why does russell argue that police departments need to be partners in communities? what responsibility does the community have i
    14·1 answer
  • 1.) Africa is the second largest continent in the world true or false?​
    5·2 answers
  • TIME REMAINING
    15·1 answer
  • When Terrence is driving and sees a police car, he immediately steps on his brake. When he sees a fire truck, he does not step o
    11·1 answer
  • What would historians probably agree is the most important single word in the very short document passage? ^^ thanks!
    11·2 answers
  • DO U KNOW? if so comment what the answer is
    7·1 answer
  • Researchers in life-span development have a special concern with studies that focus on the relation of ______ to some other vari
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!