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Sladkaya [172]
3 years ago
6

The united states exports corn and aircraft to the rest of the world and it imports oil and clothing from the rest of the world.

do you think this pattern of trade is consistent with the principle of comparative advantage?
Business
2 answers:
pychu [463]3 years ago
6 0

Answer:

Yes

Explanation:

The comparative advantage is when countries focus on producing a good or service in which they have a lower opportunity cost and then, they exchange them in the international market to be able to get everything they need. According to this, the pattern of trade indicated is consistent with the principle of comparative advantage because the United States focuses on producing corn and aircraft where it should have a lower opportunity cost and exchange it in the international market to get other products the country needs.

Maurinko [17]3 years ago
5 0

Producing corn was one of the things that the Midwest in the US is good at (they are better than the Himalayas), therefore, US exporting corn to the Himalayas would be expected.

 

They are also expected to make airplanes to deliver to other countries (together with computers) since the US is relatively technologically advanced.

<span>
The US needs to import some oil unless they want to price to dramatically increase even though the US does not have enough oil to supply the whole country.</span>

 

<span>The US will also allow China to produce clothing for them and to make other things to send to China since it is much cheaper to produce clothing elsewhere.</span>

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Answer: $918,000

Explanation: Since Shelton Co is considering building a warehouse on the site because the rental lease is expiring then in  evaluating the new project all the relevant cash flows must be considered in  the protect evaluation. Market value of the land used for constructing the building is an opportunity cash flow and so must  be considered.  The Relevant cost of opportunity for land will be its fair value.

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3 years ago
Read 2 more answers
Assume that the labor market for barbers is competitive and that it is differentiated into two groups:
ehidna [41]

Answer and Explanation:

I will go through each and every option explaining the reasons and what option would be the best:

The (a) part says 'difference in wages will eventually disappear since a haircut is a homogeneous good' - This is not true because even though it is an homogeneous product, some customers do have a strong preference for barbers who are not going bald. Therefore, they know their worth and they would want to capitalize on that and get paid just a bit more than bald barbers.

The (b) part says 'barbershops that hire barbers with hair will be able to charge a higher price for a haircut to those consumers who have a strong preference for barbers with hair'. - If the barbershop charges higher price for barbers that have hair then the customers will prefer bald barbers as the questions mentions that there is high competition and since it is an homogeneous, customers would be willing to save money and get their haircut from some other barber.

The (c) part says 'barbershops that hire bald barbers will always be much more profitable' - Not necessarily. The reason is that some customers have a strong preference for barbers who are not bald and therefore, that would help barbershops who have barbers with hair to be a bit more profitable as some additional customers would want their services.

The (d) part says 'barbershops that hire barbers with hair will always be much more profitable' - This is the best option and the reason for it is because some customers have a strong preference for barbers with hair and that would help the barbershop to earn more. They would have the customers who already indifferent to whoever cuts their hair and in addition to that, they would also have the customers who have their preference.

Hence the answer is D.

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3 years ago
How much something cost is it's ______ value?
Dmitriy789 [7]
How much something cost is it's monetary value.
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True or false: The first decision that is necessary to make merchandise flow is to choose a transportation company.
pantera1 [17]

Answer:

False

Explanation:

What is a transportation company called?

  • Courier companies are usually spin-offs from freight forwarders.
  • There are various types of courier companies, such as airfreight courier companies or road couriers.

To learn more about it, refer

to brainly.com/question/25689052

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8 0
1 year ago
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Mazyrski [523]

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None of the options are correct in the above question.

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The cars could indeed be a threat to national security. Just because they come from a safe country does not mean that they were not tampered with. They need to be properly inspected.

They are indeed a source of competition for US automakers but that would be no reason to stop them. Perhaps tariffs could be applied on them but they will not be stopped.

There is no provision in US Customs practices that prohibits the importation of used cars solely because they are used cars therefore it will not be a reason to halt the car's going through customs.

None of the options are therefore correct.

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3 years ago
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