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
What was the main focus on the city state of sparta
alexgriva [62]
They focused on all men to be skilled in military and young men trained be be soldiers .
3 0
3 years ago
Why is it sometimes difficult to make decisions involving economic development and the environment?
asambeis [7]
More often than not it is very hard to make decisions about economic development and the environment and manage to balance them so that both of them are in the desired position. The problem is that almost always the economic development depends on destroying parts of the environment, so often the choice is to either to stagnate on an economical basis and protect the environment, or push for economic development and destroy parts of the environment. This is very often a conflict situation, and in the last decades with the bigger awareness about the nature it is becoming even harder a decision to be made.
4 0
3 years ago
alysah has taught his pet rat to run a maze.He think that the rat will go faster if he puts its favorite treat at the end .He ha
stiks02 [169]

Answer:

I dont understand what your question is are you asking if the rat was faster when he had his favorite treat then yes he was

Explanation:

3 0
3 years ago
Territories, enclaves, and exclaves are examples of __________ boundaries.
Sonja [21]

Answer:

A.Internal

tersebut dari anjayy

6 0
3 years ago
Which of the following is not included in an admission and enrollment policies handbook for parents?
Taya2010 [7]
The answer is B. Rights of the employer and the worker. The hours of operation, financial policy and orientation policy are included in the admission and enrollment policies handbook for policies. The handbook only involves the parents, children/students, the school environment and staff.
4 0
3 years ago
Other questions:
  • 11) Greg has $2,300 of income per month but $2,500 of expenditures to meet. This means that he has
    10·1 answer
  • Positive on slavery- hiw do u benefit from the slace trade-nirth carolina
    7·1 answer
  • Should Christians just rely on evangalists for church growth? (12 marks ) ​
    7·1 answer
  • Why was the unemployed dolphin trainer sad answers?
    12·1 answer
  • Which of the following statements regarding the use of outcome-based and behavior-based perspectives in the evaluation of salesp
    10·1 answer
  • Which factor led to the development of civilizations in ancient Mesopotamia?
    14·2 answers
  • What city was captured by those on the fifth crusade
    9·1 answer
  • What is elton mayo's theory?
    15·2 answers
  • How do the events in the plot shape the relationship between Nancy Lee and Miss O'Shay? A Nancy Lee is nervous when she first go
    15·1 answer
  • Raphael is an English tutor hired to help a student with research paper. He knows that his student is a visual learner. Which te
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!