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Evgesh-ka [11]
3 years ago
15

If a country's P X/ P Y in autarky is less than the P X /P Y on the world market, then this country has a comparative advantage

in the ________ good, and, if the country now engages in international trade and moves along its production-possibilities frontier, its production of the X good will ________.
Business
1 answer:
LUCKY_DIMON [66]3 years ago
3 0

Answer:

  • production of X good
  • increase

Explanation:

Production of good X over production of good Y (PX / PY) represents the opportunity cost of producing good X instead of good Y. The lower the ratio, the lower the opportunity cost. A lower opportunity cost results in a comparative advantage in the production of good X.

If the country starts to trade it will need to produce more of good X in order to exchange for other goods.

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asambeis [7]

Answer:

Information richness.

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Hope this helps!!!

Kyle.

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In a command economy, Individuals fellow thir self-interest without government intervention True or False İf false, correct the
Ostrovityanka [42]

Answer:

False

Explanation:

In a command or planned economy, the factors of production are owned and controlled by the government.  The government makes all the significant economic decisions such as production, distribution, and pricing.  

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3 years ago
Which of the following is the riskiest choice for your money? A. Savings account B. Government bonds C.CDs D REI
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D., REI. hope that helped
7 0
3 years ago
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Harriet's Wimsey is a bookstore for people who love mysteries. How would a complete set of P. D. James mystery novels, a first e
adoni [48]

Answer:

E. as current assets

Explanation:

As we know that the

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Where

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5 0
3 years ago
You purchase a $30, nonrefundable ticket to a play at a local theater. Ten minutes into the show you realize that it is not a ve
Murljashka [212]

Answer:

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Explanation:

Since you value seeing the play $10, then you should leave the theater and go to your house to watch TV since that has a higher value for you ($12).

We are talking about opportunity costs here. Opportunity costs are the extra costs or benefits lost from choosing one activity or investment over another. In this case the opportunity costs are:

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