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
Dmitry [639]
3 years ago
9

England and Scotland both produce scones and sweaters. Suppose that an English worker can produce 50 scones per hour or 1 sweate

r per hour. Suppose that a Scottish worker can produce 40 scones per hour or 2 sweaters per hour. a. Which country has the absolute advantage in the production of each good? Which country has the comparative advantage? b. If England and Scotland decide to trade, which commodity will Scotland trade to England? Explain. c. If a Scottish worker could produce only 1 sweater per hour, would Scotland still gain from trade? Would England still gain from trade? Explain.
Business
1 answer:
Effectus [21]3 years ago
8 0

Answer:

200 water

Explanation:

the water must be 200 degrees celecus

You might be interested in
Perfect competition is the term used to describe: an industry in which a few price-taking firms produce identical products. an i
Olenka [21]
An industry in which numerous price-taking firms produce identical products.
8 0
3 years ago
A $1 per unit tax levied on consumers of a good is equivalent to
Katen [24]

Based on accounting principles, a $1 per unit tax levied on consumers of a good is equivalent to "a $1 per unit tax levied on producers of the good."

This is based on the idea that the market reaches the exact equilibrium price irrespective of who is accountable for paying the money to the government.

In other words, when the government levies a tax on a good, producers are not exempted from the tax levy because that money will be recouped from the producers' sales or revenue.

Hence, in this case, it is concluded that tax on goods is inevitable to consumers and producers.

Learn more here: brainly.com/question/22680521

7 0
2 years ago
BestBank's Visa credit card discloses an A.P.R. of "Prime Rate + 5.74% to Prime Rate + 22.74%." If the Prime Rate increases from
Brrunno [24]

The prime rate is the base rate for any financial transaction. The prime rate is considered for each type of lending instruments by the bank. bank add a margin % over the prime rate and offer loan/instrument at the increased rate.

In the given case, the BestBank's Visa credit card discloses an A.P.R. of "Prime Rate + 5.74% to Prime Rate + 22.74%, which means the A.P.R is calculated on the basis of Prime rate and any change in prime rate will directly affect the A.P.R.

The Prime Rate has increased from 3.25% to 4.25%, it means the increase of 1%. Hence the A.P.R. Shall also increase by 1%.

Hence the correct answer is:

b. Increase in A.P.R by 1%

4 0
3 years ago
Tuller wants to start a commercial trucking business and also wants to form his own limited liability company (LLC). Tuller, as
sweet-ann [11.9K]

Answer:

d, all states, as no state requires at least two members to create an LLC

Explanation:

The requisite of two members to create an LLC was removed from all states in the USA. Now, all states allow a single-member LLC. Massachussets was the last one to eliminate that requisite in 2003.

Maybe this change in laws was because owners cheated on that requisite by placing as the two members (owners) a man and his wife, or a woman and her husband, or some other person (in direct relation with the owner) which was just placing the name but the company actually belonged to only one member.

4 0
2 years ago
Price elasticity of demand is defined as: a. the slope of the demand curve. b. the slope of the demand curve divided by the pric
Mandarinka [93]

Answer: Option D

Explanation: In simple words, price elasticity refers to the degree of change in demand of a commodity with respect to change in its price. It generally shows the fact that when the price of a commodity rises the demand for ti decreases due to various phenomenon coming into force such as income effect etc.

The price elasticity is calculated by dividing the change in quantity demanded with the change in price.

4 0
3 years ago
Other questions:
  • Bonnie is writing a growth plan for her bicycle repair shop. She wants to pay off the loan for the building she uses for her bus
    5·1 answer
  • The standard materials cost to produce 1 unit of product r is 6 pounds of material at a standard price of $50 per pound. in manu
    8·2 answers
  • The lock box department at Bank 21 handles the processing of monthly loan payments to the bank, monthly and quarterly premium pa
    10·2 answers
  • Kilgore Company experienced the following events during its first accounting period. (1) Issued common stock for $5,000 cash. (2
    13·1 answer
  • Juan works at Texas Burgers in El Paso and earns $8.00 per hour. His twin brother Felipe works in Mexico Burgers in Ciudad Juare
    14·1 answer
  • Arlene makes earrings in the shape of the mascot of a local university. Last year Arlene made 250 pairs of earrings, which she s
    6·1 answer
  • A firm negotiates a(n) _________ with its bank. This arrangement gives the firm access to a specified amount of unsecured short-
    8·1 answer
  • Belinda keeps a record of her expenses for the week as shown:
    8·1 answer
  • Ian, a senior employee, has been assigned a task by his manager, Miranda. He has been asked to monitor the activities of some ne
    9·1 answer
  • You are out to eat with your friends.
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!