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
ElenaW [278]
3 years ago
8

In one hour, the United States can produce 25 tons of steel or 250 automobiles. In one hour,Japan can produce 30 tons of steel o

r 275 automobiles. This information implies that:
A.Japan has a comparative advantage in the production of automobiles.
B.the United States has an absolute advantage in the production of steel.
C.Japan has a comparative advantage in the production of both goods.
D.the United States has a comparative advantage in the production of automobiles.
Business
1 answer:
MArishka [77]3 years ago
7 0

Answer:

Option (D) is correct.

Explanation:

In United states:

Can produce 25 tons of steel or 250 automobiles,

Opportunity cost of producing a ton of steel = 250 ÷ 25

                                                                          = 10 automobiles

Opportunity cost of producing 1 automobile = 25 ÷ 250

                                                                         = 0.1 tons of steel

In Japan:

Can produce 30 tons of steel or 275 automobiles,

Opportunity cost of producing a ton of steel = 275 ÷ 30

                                                                          = 9.17 automobiles

Opportunity cost of producing 1 automobile = 30 ÷ 275

                                                                         = 0.11

Therefore,

United States has a comparative advantage in producing automobiles because the opportunity cost of producing automobiles is lower than the Japan.

Japan has a comparative advantage in producing steel because the opportunity cost of producing steel is lower than the United states.

You might be interested in
It takes a considerable amount of time to increase the production of pork. this implies that:
salantis [7]
This implies that the work would take longer as well, making the product cost more
7 0
2 years ago
Carmela was promoted to a management position at work but was not fully prepared for the number of new responsibilities in the n
Sophie [7]

Answer:

EXPLAINING STRESSFUL EVENTS BY ATTRIBUTING THEM TO A TEMPORARY SITUATION.

Explanation:

Attribution theory deals with how the social perceiver uses information to arrive at causal explanations for events. It examines what information is gathered and how it is combined to form a causal judgment.

Explanatory style is the characteristic, habitual way individuals explain the causes of good and bad events they experience.

Stressful events can either be good or bad. People may attribute stressful events to factors that are either temporary or permanent and specific or universal.

Carmela's thought means she is explaining her stressful work (event) by attributing it to a temporary situation since she thinks she will get the hang of it in a few months.

Therefore, an example of the explanatory style is EXPLAINING STRESSFUL EVENTS BY ATTRIBUTING THEM TO TEMPORARY EVENTS.

4 0
3 years ago
There are four general ways of making observations: (1) direct versus indirect, (2) overt versus covert, (3) structured versus u
torisob [31]

Answer:

False

Explanation:

7 0
3 years ago
Latham Corporation constructs a new factory building. The materials cost $300,000. Other costs include direct labor of $150,000,
Dovator [93]

Answer:

$535,000

Explanation:

The computation of the Latham's basis in the building is shown below:

= The material cost + direct labor cost + worker pension cost + architectural fees + depreciation on equipment  + interest paid during the year

= $300,000 + $150,000 + $5,000 + $15,000 + $25,000 + $40,000

= $535,000

It includes both direct and indirect cost

Since we have to compute for the building so we do not considered the purchase value of land and the loan amount

3 0
2 years ago
You've been introduced to Amy at a local business and Professional Women's meeting After you've chatted with her for a few minut
postnew [5]
Ask her out for dinner
3 0
2 years ago
Read 2 more answers
Other questions:
  • Frank and Jasmere are both shopping for a new car. They are looking for a $20,000 loan to pay for the new car that they will pay
    13·1 answer
  • When friends of Brian Richardson went to the carnival, they always wanted to take him with them because Richardson had an uncann
    13·1 answer
  • HELP ME PLEASE!!!!!!!!!!!!
    7·2 answers
  • 3. Which one of the following statements is correct concerning the NYSE? a.) The publicly traded shares of a NYSE-listed firm mu
    15·2 answers
  • Gore Inc. recorded a liability in 2021 for probable litigation losses of $2 million. Ultimately, $5 million in legitimate warran
    6·1 answer
  • Level of employment reached when there is no cyclical unemployment.
    7·1 answer
  • What is the difference between profit and revenue?
    12·1 answer
  • Anna is a forensic scientist who still uses the methods used by Dr. Leone Lattes. How is this MOST likely demonstrated in Anna’s
    11·1 answer
  • kari’s boss has offered to pay her for up to 5 hours of overtime today. akari has already been working for 10 hours and is decid
    6·1 answer
  • The top executive of a well-managed Government Company decided to organize an early Management
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!