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
Alex17521 [72]
3 years ago
7

Develop an arithmetic example that illustrates how a nation could have an absolute disadvantage in the production of two goods a

nd still have a comparative advantage in the production of one of them.
Assume that by devoting all of its resources to the production of steel, France can product 40 tons. By devoting all of its resources to televisions, France can produce 60 televisions. Comparable figures for Japan are 20 tons of steel and 10 televisions. In this example, France has an absolute advantage in the production of steel and televisions. France has a comparative advantage in televisions.
Business
1 answer:
zaharov [31]3 years ago
6 0

Answer:

Comparative advantages result form lower opportunity costs.

  • France's opportunity cost of producing steel instead of TVs = 60 / 40 = 1.5 TVs per ton of steel
  • France's opportunity cost of producing TVs instead of steel = 40 / 60 = 0.67  tons of steel per TV

  • Japan's opportunity cost of producing steel instead of TVs = 10 / 20 = 0.5 TVs per ton of steel
  • Japan's opportunity cost of producing TVs instead of steel = 20 / 10 = 1  tons of steel per TV

France has a comparative advantage in the production of TVs (0.67 < 1), but Japan has a comparative advantage in the production of steel (0.5 < 1.5)

You might be interested in
Jeffery wants to start his own small business, however he needs to persuade lenders and/or investors to back his new venture wit
Alex

Answer:

The correct answer is: to start a business plan.

Explanation:

To begin with, if Jeffery is looking forward to start a new business and with that he needs to persuade lenders or investors then he must start a business plan with enough information and strategies that can show to those people the fact that the business has a solid background and more than that it will show also that Jeffery is a serious person and will compromise to pay all the lends he take. That is why, the preliminary step in beginning his new business will be to make a plan where he state all the information necessary to start.

8 0
3 years ago
The relationship between the future value of a single sum and the corresponding present value of a single sum is determined by t
Schach [20]

Answer:

D

Explanation:

interest rate per compounding period​ ; number of compounding periods

5 0
3 years ago
For the year ended December 31, Year 1, Fields Company made cash payments of $61,600 for dividends, paid interest of $30,400, pa
Yanka [14]

Answer:

D. $77,600

Explanation:

The $77,600 made to purchase equipment would be reported as a cash outflow in the investing activities section. This is because asset purchased such as equipment is an investment while the cash used to purchase the asset is regarded as cash outflow.

Dividends are recorded in the financing section, while cash paid for interest and paid to suppliers would be recorded in the operating activities.

4 0
3 years ago
Which of the following statements is NOT true concerning the Other Dependent Credit
omeli [17]

Answer:

The incorrect statement is letter "B": Residents of Canada meet the definition as a qualifying person.

Explanation:

Credit for Other Dependent is a tax credit taxpayers can claim for every qualifying dependent that is not considered as a Child Tax Credit (17 years or older and elderly parents). The taxpayer can get up to $500 nonrefundable credit for each of those qualifying dependents. Residents of Canada and Mexico do not meet the definition of qualifying dependent.

8 0
3 years ago
Read 2 more answers
Privatisation refers to .... 
Nana76 [90]

Answer:

B)Transfer of assets from public to private

Explanation:

the government no longer owns the asset and it is traded to the private sector or when the company is taken over by a few people.

8 0
3 years ago
Other questions:
  • The manager of the main laboratory facility at Elmhurst HealthElmhurst Health Center is interested in being able to predict the
    10·1 answer
  • Coyne Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $ 39 comma
    11·1 answer
  • Angola United Theaters, Inc. is considering opening a new movie theater in Angola, Indiana. The relevant cost of capital is 8%.
    10·1 answer
  • You have received a proposal for an RFP that was sent to suppliers. One of the vendors has proposed doing the project for $12,50
    15·1 answer
  • Crane Company has the following sales data: August September October November December Cash Sales $4000 $5000 $6000 $7000 $16000
    11·1 answer
  • Jarrod receives a scholarship of $28,000 from Riggers University to be used to pursue a bachelor's degree. He spends $16,800 on
    15·1 answer
  • All of the following are good choices to search for potential scholarships except:
    9·2 answers
  • If the reserve requirement is 25%, a new deposit of $1,000 leads to a potential increase in the money supply of
    9·1 answer
  • The actual interest rate on a loan that is compounded monthly but expressed as an annual rate is referred to as the _____ rate.
    8·1 answer
  • increases in government spending are not very effective in offsetting real shocks because they shift the:
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!