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
Nadya [2.5K]
3 years ago
15

Suppose that France and Austria both produce rye and wine. France's opportunity cost of producing a bottle of wine is 4 bushels

of rye while Austria's opportunity cost of producing a bottle of wine is 10 bushels of rye. By comparing the opportunity cost of producing wine in the two countries, you can tell that __________ has a comparative advantage in the production of wine and __________has a comparative advantage in the production of rye.
Suppose that France and Austria consider trading wine and rye with each other. France can gain from specialization and trade as long as it receives more than __________of rye for each bottle of wine it exports to Austria. Similarly, Austria can gain from trade as long as it receives more than __________of wine for each bushel of rye it exports to France.

Based on your answer to the last question, which of the following prices of trade (that is, price of wine in terms of rye) would allow both Austria and France to gain from trade?

a. 7 bushels of rye per bottle of wine
b. 4 bushels of rye per bottle of wine
c. 1 bushel of rye per bottle of wine
d. 11 bushels of rye per bottle of wine
Business
1 answer:
miv72 [106K]3 years ago
3 0

Answer:

France has comparative advantage in production of wine

Austria has comparative advantage in production of rye.

4 bushels of rye for each bottle of wine

1 bottle of wine for each bushel.

b. 4 bushel of rye per bottle of wine.

Explanation:

France has comparative advantage in producing wine as it has opportunity cost of 4 bushels per bottle of wine. Austria has comparative advantage in producing bushels as it has opportunity cost of 10 bushels per bottle of wine. The both countries can gain advantage if they agree for 4 bushels per wine.

You might be interested in
Usually, the human resources department administers a(n) ____ program to introduce new employees to the organization.
puteri [66]
<span>Usually, the human resources department administers an orientation program to introduce new employees to the organization.</span>
The orientation program focuses on orienting new employees to their workplaces and their jobs and help in the retention of employees<span> but also in the increases in employee productivity. </span>
7 0
3 years ago
After you create a graph it, you may not be able to edit it. True or False
Ludmilka [50]
False



I hope this will help
4 0
3 years ago
Read 2 more answers
ABD Tech has invested $20 million to install business intelligence software (BIS) at all of its branches across the globe so tha
NeX [460]

Answer:

The correct answer is letter "B": processing cost.

Explanation:

Processing cost is a method of costing implemented in large institutions to track the costs per unit incurred in the business. This approach is mainly used when the company produces items in mass-scale that are very similar or equal and the costs tend to be assigned in mid-term periods -typically one month.

3 0
3 years ago
Linda installed a special pool for the hydrotherapeutic treatment of severe arthritis, as prescribed by her doctor. The cost of
brilliants [131]

Answer:Therefore amount of deductions allowable in year of installation = $7,808

Explanation:

Deductions  entitled in the year of installation of pool  =Cost of installing pool -insurance cost - the increase in property value

=$19,520- $4,880 -$6,832

=$7,808

Therefore amount of deductions allowable = $7,808

4 0
3 years ago
Kyle burroughs left his car parked on the street all night. when he came out in the morning all four of his tires had been slash
TEA [102]
Based on the damages that Kyle's automobile acquired, the automobile insurance that would cover this damage would be a COMPREHENSIVE PHYSICAL DAMAGE. This kind of insurance is what protects your vehicle and since it is comprehensive, other damages including fire and theft could also be covered.
7 0
3 years ago
Other questions:
  • Isabellas, Inc., a local convenience store, sells soft drinks. It sells two large drinks for every small drink. A large drink se
    12·1 answer
  • A company maintains its records using cash-basis accounting. During the year, the company received cash from customers, $32,000,
    5·2 answers
  • The government of Junta took Fuel Safe Corp., a domestic energy firm, into state ownership to save the company from bankruptcy.
    15·1 answer
  • Amy agreed to a contract price of $100,000 for a home and secured a mortgage loan for $80,000. If the appraised value is $110,00
    15·1 answer
  • The monetary base is equal to
    5·1 answer
  • Which of the following is not an assumption associated with the definition of a production function?
    6·1 answer
  • In a(n) ________, the consumer ranks a product's attributes in terms of perceived relevance or importance, then compares the var
    8·1 answer
  • An economy is experiencing a high rate of inflation. The government wants to reduce consumption by $24 billion to reduce inflati
    8·1 answer
  • A marketing strategy that enhances the shopping experience for experiential shoppers is called ________.
    8·1 answer
  • One factor that allows saudi arabia to successfully use strategic trade protectionism to increase oil revenues is that?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!