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
Elis [28]
3 years ago
5

The tiny isolationist nations of Lorland and Zhangia are considering opening their borders to trade with each other. Both nation

s produce only two goods: smoothies and sandals. Currently, a worker in Lorland can produce 2 smoothies per day or 8 sandals per day, while a worker in Zhangia can produce 1 smoothie per day or 5 sandals per day. Using this information, please match each nation and good to the most accurate description.
Write each item to its matching item .
a. the nation that will specialize in producing smoothies once trading begins
b. the nation that will specialize in producing sandals once trading begins
c. the good that Lorland will import from Zhangia after trading begins
d. the good that Lorland will export to Zhangia after trading begins
Zhangia Sandals Smoothies Lorland
Business
1 answer:
Svetlanka [38]3 years ago
6 0

Answer:

Lorland

Zhangia

sandals

smoothies

Explanation:

A country should specialise goods for which it has a comparative advantage in its production.

A country should import goods for which it has no comparative advantage in its production.

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.

Lorland

Opportunity cost in the production of one smoothie = 8/2 = 4

Opportunity cost in the production of one sandal = 2/8 = 0.25

Zhangia

Opportunity cost in the production of one smoothie = 5/1 = 5

Opportunity cost in the production of one sandal = 1/5 = 0.2

Zhangia has a comparative advantage inn the production of sandals and should specialise in the production of sandals while lorland has a comparative advantage in the production of smoothies specialise in the production of smoothies

Loriland should import sandals and export smoothies

You might be interested in
​a _____ is a proactive effort to anticipate a risk and describe an action plan to deal with it.
Elis [28]

Answer:

b. ​risk management plan

Explanation:

this is true by definition, risk management involved forecasting risks, and laying out ways on how to manage them

  1. risk response plan is on how to reduce existing risks
  2. risk identification is to identify the risks of any open project
  3. risk balance plan is an analysis on how to maintain a balance on keeping safe and taking risks for greater benefit
3 0
3 years ago
Brief Exercise 22-07 Sunland Company classifies its selling and administrative expense budget into variable and fixed components
prohojiy [21]

Answer:

So whats the question???

Explanation:

7 0
3 years ago
Give examples of how value is added to warburtons products
mr Goodwill [35]

Answer:

they are rare and hard to come by

6 0
2 years ago
Economic models are:
melamori03 [73]

Answer:

The correct answer is letter "B": potentially useful in forming economic policy.

Explanation:

Economic models are abstractions that try to simplify phenomena of the real world. Economic models are the assumption that economists make to understand the diverse economic events that occur. Those models could be theoretical or mathematical in some cases.  

<em>Economic models can help governments establish economic policies based on facts of the environment and the variables affecting that community.</em>

3 0
3 years ago
The shareholders' equity of Green Corporation includes $386,000 of $1 par common stock and $570,000 par of 7% cumulative preferr
cestrela7 [59]

Answer:

The amount of dividends common shareholders will receive in 2018 is $21,300

Explanation:

The computation of amount of dividend of common shareholders is shown below:

Previous year stock dividend (2017 & 2016)  = ($570,000 × 7% ) - 37000 × 2

                                                = $5800

Current year stock dividend 2017  = $570,000 × 7% = $39900

Current year cash dividend 2018= $67,000

Now, subtract the 20178 stock dividend and previous year stock dividend from Current year cash dividend 2018 which equals to $21,300

= $67,000 - $39900 - $5800

= $21,300

Thus, the amount of dividends common shareholders will receive in 2018 is $21,300

7 0
3 years ago
Other questions:
  • To be able to go on the band trip, four band members each get a part-time job. Each person has 5 weeks in which to save his or h
    11·2 answers
  • Which of the following use direct language effectively? Check all that apply. Linda’s expert planning skills have helped advance
    15·1 answer
  • A firm will experience a loss when its revenue is less than its expenses
    11·1 answer
  • Katrina receives an offer to buy a box of candy through the mail each month. The letter says that she will begin receiving candy
    8·1 answer
  • Say the average increase in pay for non-union workers in 2011 is 2% across the U.S. If a workers' union successfully negotiates
    8·1 answer
  • Mexico​'s real GDP was 1 comma 761 billion pesos in 2005 and 1 comma 822 billion pesos in 2006. Mexico​'s population growth rate
    6·2 answers
  • How to deal with a complainer in a business?
    9·2 answers
  • What phrase describes businesses who develop a positive relationship to<br> society
    5·1 answer
  • . A nonfinancial performance measure is often used to evaluate the __________ of a business activity. time quality quantity All
    7·1 answer
  • Hearing and listening ___________________.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!