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
frozen [14]
3 years ago
15

Is it possible for a country to have a comparative advantage in producing a good without also having an absolute​ advantage? A c

ountry without an absolute advantage in producing a good
Business
1 answer:
arlik [135]3 years ago
8 0

A country would have a comparative advantage to produce a good if the cost of producing this good, even if it produces efficiently, is higher than that of other countries.

Explanation:

The Competitive Vantage Principle explains how an individual produces more commodities and uses fewer goods with a comparative advantage under freer trade.

For example, the comparative advantage of oil-producing countries in chemical products. Compared to countries that are not there, the local manufactured oil is a cheap source of chemicals.

It can produce products with fewer resources, which offers countries a comparative advantage at lower incentive costs. The PPF's gradient reflects the cost of output capacity. Improving one good's production means producing less of one.

You might be interested in
After September​ 11, 2001, the federal government increased military spending on wars in Iraq and Afghanistan. Is this increase
otez555 [7]

Answer:

No

Explanation:

Although the Fiscal policy includes the detail of government revenue collection and its spending and military budget is allocated in the budget as part of the policy, however after the incident of 9/11, the increase in military spending (including spending on wars in Iraq and Afghanistan) was designed to achieve homeland security objectives.

White House designated the Office of Homeland Security to oversee and coordinate a comprehensive national strategy to safeguard the country against terrorism and respond to any future attacks.

4 0
3 years ago
Who is Jake from Statefarm??
jek_recluse [69]

Answer:

my baby daddy.

Explanation:

I forgot to take the pill :(

8 0
3 years ago
Read 2 more answers
Which occupation in the Education and Training cluster will have higher than average job growth?
jeka57 [31]
The principal duhhh dumb add jhit
4 0
3 years ago
Samuel is the managing general partner of STU, in which he owns a 25% interest. For the year, STU reported ordinary income of $4
Norma-Jean [14]

Answer:

$220,000

Explanation:

Calculation to determine How much income from self-employment did Samuel earn from STU

Using this formula

Income from self-employment =Guaranteed payment received+(Interest rate*Ordinary income)

Let plug in the formula

Income from self-employment=$120,000+(25%*$400,000)

Income from self-employment=$120,000+$100,000

Income from self-employment=$220,000

Therefore the amount of income from self-employment that Samuel earn from STU is $220,000

7 0
3 years ago
Suppose that the U.S. government decides to charge wine consumers a tax. Before the tax, 30 billion bottles of wine were sold ev
zmey [24]

Answer:

The amount of the tax on a bottle of wine is $5 per bottle. Of this amount, the burden that falls on consumers is $3 per bottle, and the burden that falls on producers is $2 per bottle. True or False: The effect of the tax on the quantity sold would have been larger if the tax had been levied on producers.

Explanation:

The amount of the tax on a bottle of wine is $5 ($3 + $2).

The burden on consumers is $3 ($9 - $6), which is the difference between the after-tax purchase price and the before-tax purchase price for consumers.  This implies that the burden passed to consumers is $3 out of the total tax burden of $5.

The burden on producers is $2 ($6 - $4) which represents the difference between before-tax selling price and the after-tax selling price for the producers.  This means that the burden passed to producers is $2 out of the total tax burden of $5.

If the tax burden were passed to the producers alone, the selling price would have been more than $11 ($6 + 5).  This would have reduced demand for wine as consumers would have been forced to bear the total burden.  This would have made the tax unequitable.  This would have been the case unless demand is inelastic.  That means that the total demanded is not sensitive to price increases.

3 0
3 years ago
Other questions:
  • Historical data shows that during the recession of 1990–1991, the natural rate of unemployment was about 5.9% while the actual u
    11·2 answers
  • Explain how a Target price for farm crops is an example of a price floor.​
    8·1 answer
  • he following information is available for completed Job No. 402: Direct materials, $170000; direct labor, $230000; manufacturing
    15·1 answer
  • Net income of Mansfield Company was $47,000. The accounting records reveal depreciation expense of $82,000 as well as increases
    6·1 answer
  • Explain a communication module<br>.​
    5·1 answer
  • Which statement best describes the circular flow of an economy?
    9·1 answer
  • Which of the following aspects of the sales process is most likely to make or break a sale?
    6·1 answer
  • Which 4 methods allow clients to process digital payments from customers using QuickBooks Online Payments? (Select all that appl
    11·1 answer
  • In the last two years, BMW AG, the Bavarian auto maker, has developed a car made primarily from carbon-fibers that is not only l
    14·1 answer
  • true or false. gold and silver futures markets obey the cost-of-carry model (2) use the following information to formulate a pre
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!