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
Abuses are often rooted in political or ethnic problems
pentagon [3]
Abuses are often rooted in ethnic problems.
4 0
3 years ago
2 ways religions of Southern & Eastern Asia are different
Nadya [2.5K]

Answer:

Buddhism and Christianity

Explanation:

The basic doctrines of early Buddhism, which remain common to all Buddhism, include the four noble truths : existence is suffering (dukkha); suffering has a cause, namely craving and attachment (trishna); there is a cessation of suffering, which is nirvana; and there is a path to the cessation of suffering and Christians is Jesus and god

4 0
3 years ago
A month ago, jason lost his job because of circumstances beyond his control, and he is very concerned about his financial situat
maria [59]

Based on the scenario above, the event that will likely take place on Jason’s life is that his immune response is likely to drop or it will be dropping because of the stress that he is experiencing because of the problems that he is encountering.

4 0
3 years ago
What are Columbus’s Four Voyages
masya89 [10]

Answer:

Before the Journey, Hispaniola and Hurricane, Across the Caribbean, and Hurricane

7 0
3 years ago
A “stressor” is defined as _______.
klasskru [66]

The correct answer is A. A trigger that prompts a stressful reaction.

Explanation:

In psychology and related fields, a "stressor" refers to a situation, agent, stimulus, event or in general terms a trigger that leads to stress usually because the trigger represents a challenge or threat to the individual. This also implies stressors are linked to reactions such as muscle tension, fear, rapid heartbeat, etc. that are part of stress. Additionally, there are many types of stressors and this can lead to different levels of stress depending on individuals' reaction and ability to manage stress. Considering this, a "stressor" can be defined as a trigger that prompts a stressful reaction.

4 0
3 years ago
Other questions:
  • how did Muhammad ali pasha transformed Egypt from being a medieval state into a powerful independent state?
    8·1 answer
  • According to life without gravity when milk is poured in a weightless environment
    9·1 answer
  • Globalization of the world’s people and places began about: question 1 options:
    14·1 answer
  • What religion is the most popular in Latin America? Why?
    8·1 answer
  • which of the individuals advocated a movement for sovereighty of the people, establishing a written constitutionand having an ef
    6·1 answer
  • In Piaget's theory, the concrete operational stage Select one: a. involves children's gradual realization that they exist indepe
    6·1 answer
  • State whether the following statements are True or False
    9·1 answer
  • How do our body systems work together to maintain homeostasis?
    13·2 answers
  • Does each ball lose or gain energy? will get brainliest if correct
    11·1 answer
  • What was a result of the Battle of Thermopylae
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!