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solong [7]
3 years ago
8

Suppose that the united states and canada each produce only two products, televisions and food. The united states can produce 10

0 televisions a day, 150 pounds of food a day, or any linear combination in between. (for example, it could choose 100 televisions and no food, 50 televisions and 75 pounds of food, or 150 pounds of food and no televisions.) canada can produce 300 televisions a day, 330 pounds of food a day, or any linear combination in between. Which of these trades could make both the united states and canada better off?
Business
1 answer:
Alex3 years ago
6 0

Answer: Trade between the two countries is beneficial when United States trade food to Canada and Canada would trade televisions to the United States.

Explanation: In international trade, each country will produce a good in which it has a comparative advantage (lower opportunity cost).

Opportunity cost of food is,

Unites states = \frac{100}{150} = 0.66

Canada = \frac{300}{330} = 0.90

Opportunity cost of television is,

Unites states = \frac{150}{100} = 1.5

Canada = \frac{330}{300} = 1.1

Since, opportunity cost of food is lower in the United states, United states will export food.

Opportunity cost of television is lower in Canada, Canada will export television to the United States.

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Explanation:

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deff fn [24]

Answer:

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d. normative

Explanation:

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a. It is a fact of course that in the past decades U.S. companies have outsourced millions of job overseas, thus this is a positive (descriptive) statement.

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Disclaimer: The question is incomplete. Please read below to find the missing content.

Question: Under the perpetual inventory system, all purchases of merchandise are debited to the account

1)Cost of Merchandise Available for Sale

2)Cost of Merchandise Sold

3)Purchases

4)Merchandise Inventory

Learn more about merchandise here brainly.com/question/27046371

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