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
spayn [35]
3 years ago
15

Country Alpha has 15 thousand acres of land and 45 thousand laborers, whereas Country Beta has 100 thousand acres of land and 20

0 thousand laborers. These countries produce a labor-intensive good A, and a land-intensive good B.
Based on the information given, we can conclude that:

If trade opens up between Country Alpha and Country Beta, according to the Heckscher-Ohlin model, Country Beta will export _____ and import _____.
a. both the goods; neither good
b. good B; good A
c. good A; good B
d. neither good; both of the goods
Business
1 answer:
Monica [59]3 years ago
6 0

Answer: b. good B; good A

Explanation:

According to the Heckscher-Ohlin model, a country should export the good that is has a relative abundance in and import the good it has relative scarcity in.

Find out labor to land ratio of both countries:

Country Alpha = 45 / 15 = 3

Country Beta = 200 / 100 = 2

Country Alpha has 3 labor units per acre

Country Beta has 2 labor units per acre

Country Alpha therefore has more labor abundance and should export the labor intensive good which is good A which means <u>Country B will import A</u>.

Country Beta should <u>export more land intensive good which is good B. </u>

You might be interested in
In the country of Mashwen, the state owns key industries such as energy and transportation. The rest of the industries are priva
zzz [600]

Answer:

Mixed economy.

Explanation:

In the country of Mashwen, the state owns key industries such as energy and transportation. The rest of the industries are privately owned. Mashwen is a <u>Mixed</u> economy.

Mixed economy: It is a shared economy system, which has equal role of private enterprises and public enterprises. In the current global market, most of the economy are mixed economy. It allow private enterprises with equal opportunity to participate in the market, it create healthy competition among different player and buyer can have variety of product at low price.

8 0
3 years ago
1 What is "POSDCORB"
vfiekz [6]

Explanation:

POSDCORB is an acronym which means Planning, Organizing, Staffing, Directing, Coordinating, Reporting and Budgeting

4 0
3 years ago
Read 2 more answers
The JPY/AUD spot exchange rate is 82.42, the JPY interest rate is 0.15%, and the AUD interest rate is 4.95%. If the interest rat
defon

Answer:

The answer is B. -97.7.

Explanation:

As the question gives us the spot rate, the interest rates of two countries, We can apply the covered interest parity to calculate the 90-day forward exchange rate JPY/AUD from which 90-day forward points can be derived.

F = S x ( 1+ Rjpy) / ( 1+ Raud); in which Rjpy denoted as JPY interest rate ( 0.15% per annum) while Raud is AUD interest rate ( 4.95% per annum).

F = 82.42 x (1+ 0.15% x 90/360) / ( 1 + 4.95% x 90/360) = 81.443

=> The 90-day forward points is : 100 x ( F-S) = 100 x ( 81.443 - 82.42) = -97.7

3 0
3 years ago
Alpha Sounds Corp., an electric guitar retailer, was organized by Michele Kirby, Paul Glenn, and Gretchen Northway. The charter
snow_lady [41]
I just needed some points to figure things out i don’t do anything else
7 0
3 years ago
A higher price point should create value for the customer. The buyers need to know that they are paying for __________, or an un
nlexa [21]

Answer:

Differentiation.

Explanation:

The concept of value for the customer corresponds to the expectation that the product will meet the needs, desires and features that he expects.

The customer's perception of the concept of value is affected in rational and irrational ways, such as brand image, product performance, high price, etc.

Therefore, when a company offers a product at a higher price, it is passing on to the consumer the higher production cost of an item, which has features that add greater value and functionality, such as differentiation, personalization or an unforgettable customer experience.

Differentiated products are those produced in a more heterogeneous way compared to standard products, therefore differentiated products have distinct characteristics that add greater value, such as new features, technology, design, durability, style, etc.

3 0
3 years ago
Other questions:
  • Rhonda has an adjusted basis and an at-risk amount of $23,600 in a passive activity at the beginning of the year. She also has a
    10·1 answer
  • When demand and production increase, what usually decreases?
    14·2 answers
  • Select the correct answers from the drop-down menus,
    8·1 answer
  • At an activity level of 8,500 machine-hours in a month, Falks Corporation’s total variable production engineering cost is $748,8
    14·1 answer
  • considered the first and lowest level of stocks. common stock 2. probably the safest investment; corporations can withstand a do
    11·1 answer
  • In 2005, ABC Company issued $100,000 of 20-year bonds at face value. Ten years later, in 2015, the company retired the bonds ear
    13·1 answer
  • Each of the items below must be considered in preparing a statement of cash flows for Baskerville Co. for the year ended Decembe
    8·1 answer
  • Describe what happens on Pascual's trip to Cuba based on the cues provided. Questions NOTA CULTURAL La Habana Vieja, Cuba, is th
    6·1 answer
  • Identify a type of market failure. Provide an example of that type of market failure and briefly explain one way that the govern
    6·1 answer
  • If someone buys a home for $200,000 and makes a 20 percent down payment, that person will have to?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!