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
saul85 [17]
3 years ago
14

Country A has an absolute advantage over Country B in the production of both soybeans and corn. Explain a scenario in which both

countries would benefit if Country A specialized in soybeans and Country B specialized in corn.
Social Studies
2 answers:
cestrela7 [59]3 years ago
6 0
They can both bond together and trade the same amount of goods
gladu [14]3 years ago
5 0

When a country has an absolute advantage in producing two types of goods, that is, that country can produce both goods more cheaper than the other country, it is still possible for that country to benefit more by specializing in one of the two kinds of goods and import the good of the other country. Everything will depend on the comparative advantage between countries.

Comparative advantage is an economic concept that aims to explain differences in production and trade between two different countries or nations, based on the same product. The idea is to analyze which stakeholder has the lowest opportunity cost of the same good. Opportunity is a concept associated with productive efficiency, which aims to measure how much a country fails to earn in other activities when deciding a given good. Thus, the country with the lowest opportunity cost will have higher productive efficiency and consequently will have the comparative advantage in the production of the good. Thus, this country will specialize in the production of this good and other countries will produce other goods for which their respective opportunity costs are lower. Then countries trade products in international trade and everyone wins.

Therefore, if the opportunity cost of country A is higher to produce corn compared to soybean production, it is better to produce only soybeans and buy corn from country B.

You might be interested in
Maria has been married four times over a period of 22 years. None of her marriages lasted more than a few years. However, she wa
Rina8888 [55]

Answer:

Serial monogamy

Explanation:

Monogamy is a type of relationship where a person has only one partner during the course of their life.

In this case it is assumed that Maria does not have extramarital affairs during the course of her marriage.

When she remarries she remains faithful to her spouse during that time then divorces and remarries.

This is a form of serial monogamy.

5 0
3 years ago
Which explains one way the Korean conflict and the Vietnam conflict are alike?
MArishka [77]

Answer:

с . The United States entered the wars to stop the spread of communism.

Explanation:

The Korean War was fought between 195-53 while the Vietnam War was fought from 1955-75. And in both wars, the parties involved included not only the namesake countries but also foreign powers such as the United States, Soviet Union, and China.

But the one major similarity between these wars was that the United States joined the war to prevent an all-out spreading of communism. With the Chinese and Soviet forces supporting communism, victory in these wars would mean the spread of a communist government. And it was this want of preventing such a government that the United States got involved in it.

Thus, the<u> correct answer is option C.</u>

7 0
2 years ago
People experiencing hopelessness often have _____ than optimistic people.
Stels [109]
<span>People experiencing a depressed hopelessness often have reduced disease-fighting immune systems than optimistic people. The people they are also some of the most frustrating feelings that depressed individuals experience. Research on the cognitive theory of depression has shown that people who are depressed struggle with feelings of hopelessness and helplessness more so than people who are not depressed. So they have reduced disease-fighting immune system.</span>
4 0
3 years ago
A long-term committed partnership correlates with health and happiness throughout adulthood and late adulthood. for most people,
dem82 [27]
Now spending time together
8 0
3 years ago
What word discribes complete control over someone or something
garri49 [273]
Tyranny is the technical form, although a noun would be a dictator. Synonym could be domination. Not sure exactly which word you're looking for, but hope this helps!
8 0
3 years ago
Read 2 more answers
Other questions:
  • According to Janda etal, the federal government has compelled the states to raise their drinking age by ?
    12·1 answer
  • How were the colonies of New York and New Jersey governed
    6·1 answer
  • Power is the ability to get things done the way you want them to be done. <br> a. True <br> b. False
    11·2 answers
  • Which statement about a market economy is correct?
    13·1 answer
  • Which are proper laboratory clothing? Check all that apply.
    11·1 answer
  • Can someone help me summarise it. Victory for England Brings
    11·1 answer
  • Why do flies always bring their stopwatches to parties answer key?
    9·1 answer
  • What can hard rock do, in its own cafes, to help support its "save the planet" motto?
    9·1 answer
  • The U.S. catfish industry petitioned the U.S. government for increased taxes on imported Vietnamese fish, claiming that the fish
    6·1 answer
  • Ways in which employment could minimize emotional stress factors
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!