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nlexa [21]
3 years ago
6

Suppose an American worker can make 50 pairs of gloves or grow 300 radishes per day. On the other hand, a Bangladeshi worker can

produce 100 pairs of gloves or grow 200 radishes per day. The opportunity cost of one pair of gloves is: ______________.
a) lower for the United States than Bangladesh, therefore the United States has a comparative advantage in glove production.
b) the same for both the United States and Bangladesh, therefore they both have the comparative advantage in glove production.
c) the same for both the United States and Bangladesh, therefore no comparative advantage exists.
d) higher for the United States than Bangladesh, therefore the United States has a comparative advantage in radish production.
Business
1 answer:
elena-14-01-66 [18.8K]3 years ago
3 0

Answer:

D )

Explanation:

Opportunity cost is higher for the United States than Bangladesh, therefore the United States has a comparative advantage in radish production.

       <u>American Worker</u>            <u>Bangladesh Worker</u>  <u> </u>    

     50       pairs of gloves              100   pairs of gloves

   300       radishes                     200   radishes

   

   0.17   gloves/radishes           0.50   gloves/radishes

 6.00  radishes/gloves           2.00    radishes/gloves

   

                                            6.00 > 2.00  

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i= 8% annual compunded

Explanation:

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In the information provided, the respondents were selected from a group of people who on a balance of probability were already inclined to decline because it was a list of dissatisfied customers. The chances of them declining to respond or responding with a negative were higher than the chances of them indicating that they would buy and this defeats the purpose of the research. The research ought to have also included a sample of respondents who didn't have the product, who had enjoyed the services of the company and were content, those who didn't even know what the product did until they got the survey.

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Cheers

4 0
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