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
Pavlova-9 [17]
3 years ago
13

Latvia and Estonia are two countries. Assume that currently there is no trade between them. Each country has 100 units of labor.

Latvia produces fish, at a cost of 1 unit of labor per fish, and grain, at a cost of 2 units of labor per bushel. Estonia produces fish at a cost of 2 units of labor per fish, and grain at a cost of 3 units of labor per bushel. Both countries consume both fish and grain.a. True or False, the countries can both benefit if they can trade with each other?b. Circle any and all of the following which hold:i. Latvia will export fish if there is tradeii. Latvia will export grain if there is tradeiii. Estonia will export fish if there is tradeiv. Estonia will export grain if there is tradev. We do not have sufficient information to say what will be exported
Business
1 answer:
anzhelika [568]3 years ago
7 0

Answer:

Assume that currently there is no trade between them. Each country has 100 units of labor. Latvia produces fish, at a cost of 1 unit of labor per fish, and grain.

Explanation:

You might be interested in
Jenny likes chocolates. One​ day, a friend offers her a chocolate bar and she is extremely happy on receiving it. As the day​ pr
liq [111]

Answer: Law of diminishing marginal utility

                       

Explanation: In simple words, law of diminishing marginal utility states that  as a consumer consume more of a good or service then the marginal benefit he or she receives from the additional consumption keeps on decreasing.

In the given case, Jenny's excitement keeps on decreasing with every chocolate she receives after a certain point of time.

Hence we can conclude that the given case illustrates law of diminishing marginal utility.

6 0
3 years ago
Helen, who is single, is considering purchasing a residence that will provide an $18,000 tax deduction for property taxes and mo
GenaCL600 [577]

Answer:

amount of tax saving is $4320

Explanation:

given data

tax deduction = $18000

marginal tax rate = 24%

effective tax rate = 20%

to find out

amount of tax saving

solution

we know tax saving formula that is

tax saving = tax deduction × marginal tax  ........................1

so now put here all value in equation 1

tax saving = tax deduction × marginal tax

tax saving = 18000 × 24%

tax saving = 18000 × 0.24

tax saving = 4320

so amount of tax saving is $4320

4 0
2 years ago
How Big Bazaar retail store would retain it's business in today's competitive world among retail firms?​
seropon [69]

Answer:

The assignment is based on' the effective marketing strategy which influences customer to purchase a product of Big Bazaar' helps to understand the effect of marketing strategy which is responsible for attracting customer towards big bazaar.

The research was carried out as per the steps of Marketing Research. The well supportive objectives were set for the study. To meet the objectives primary research was undertaken. The data collection approach adopted was experimental research.

6 0
2 years ago
Technology has proliferated in Kenya and Somaliland, with text messages used to replace cash, creating mobile money use that, on
olchik [2.2K]

Answer:

<u>True.</u>

Explanation:

This statement is true. In Kenya there is a system called M-PESA, which can be defined as a more developed payment system worldwide, this system acts as a tool that allows payments and purchases to be made via cell phone.

This system revolutionized the lives of the citizens of that region, due to the ease of being able to carry out commercial transactions and manage their money without needing a bank.

8 0
2 years ago
Betty's Blossoms Nursery's social media presence has taken the company a step in the right direction toward building relationshi
frozen [14]

Answer:

The Company is practicing Social CRM

5 0
3 years ago
Other questions:
  • What is the name of the technique used to open the airway of an unresponsive, non-breathing guest?
    7·1 answer
  • A sweater is on sale for 40% off the original price of $68. the sales tax rate is 7%. what is the tax on the sale price?
    10·1 answer
  • Moira Company has just finished its first year of operations and must decide which method to use for adjusting inventory account
    9·1 answer
  • Personal values and work values cannot be related. Please select the best answer from the choices provided T F
    10·2 answers
  • Jan is an average salesperson. She tends to make her sales quota four out of every five months. Last month she closed the larges
    8·1 answer
  • During the swing era, economically speaking, American labor industries increasingly turned to _______ and ______ to make the eco
    5·1 answer
  • The following income statement and balance sheets for Virtual Gaming Systems are provided.
    9·1 answer
  • The market structure in which the behavior of any given firm depends on the behavior of the other firms in the industry is
    9·1 answer
  • Which of the following represents an opportunity for generating a new product?
    5·1 answer
  • Why is saving called a leakage? Why is planned investment called an injection? Why must saving equal planned investment at equil
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!