Alpha can produce either 18 oranges or 9 apples an hour, while Beta can produce either 16 oranges or 4 apples an hour. Which of the following statements is true? Alpha should export to Beta, but Beta should not export to Alpha. Since Alpha has an absolute advantage in both goods, no mutual gains from trade are possible. If Alpha specializes in growing oranges and Beta specializes in growing apples, they could both gain by specialization and trade. If Alpha specializes in growing apples and Beta specializes in growing oranges, they could both gain by specialization and trade.

Answers

Answer 1

Answer:

If Alpha specializes in growing apples and Beta specializes in growing oranges, they could both gain by specialization and trade.

Explanation:

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries. A country should specialise in the production of goods for which it has a comparative advantage

Alpha

Opportunity cost in producing oranges = 9/18 = 0.5 apples

Opportunity cost in producing applies =  18/9 = 2 oranges

Beta

Opportunity cost in producing oranges = 4 / 16 = 0.25

Opportunity cost in producing applies = 16/4 = 4 oranges

Alpha has an opportunity cost in the production of apples while beta has a comparative advantage in the production of oranges

Alpha should specialise in the production of apples

Beta should specialise in the production of oranges


Related Questions

Giving brainliest to the best answer :)​

Answers

Answer:

the supply curve shifts to the left

Explanation:

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Question 2 (1 point)
Who benefits from a low interest rate? (Select the best answer.)

The investor
The borrower
The lender
The credit card company

Answers

Answer: The borrower

Explanation:

Answer: The borrower

Explanation:

from 1960 to 1970, the consumer price index (CPI) increased from 29.6 to 38.8 if a dozen tangerines cost 0.31 in 1960 and the price of tangerines increase at the same rate as the CPI from 1960 to 1970, approximately how much did a dozen tangerines cost in 1970

Answers

Answer: $0.41

Explanation:

A consumer price index measures the average price changes of goods that are bought by people in an economy. It shows the level of inflation in an economy.

To calculate the cost of a dozen tangerines in 1970we have to know the percentage increase in price index from 1960 to 1970 and this will be:

= [(38.8 – 29.6) / 29.6] × 100%

= (9.2 / 29.6) × 100%

= 31.08%

Let's represent the price of a dozen tangerines in 1970 by X and solve. This will be:

31.08 = (X - 0.31) × 100 / 0.31

Cross multiply

(31.08 × 0.31) = 100X - 31

9.6348 = 100X - 31

100X = 9.6348 + 31

100X = 40.6348

X = 40.6348 / 100

X = 0.46348

X = 0.41

Therefore, the cost of a dozen tangerines in 1970 is $0.41

Accounts receivable are money that is owed a company for products that have been sold on credit.

a - True
b - False

Answers

Answer:

a - true

Explanation:

what is the answer please

Answer: True

Explanation: I did the test

He is sincere change into Negative plssss​

Answers

He is not sincere.

This is the negative form of the sentence.

i will give brainlest!!!

name 5 things that being a doctor requires

Answers

In general, doctor requirements include completing a 4-year undergraduate degree program, spending 4 years in medical school, and then completing 3-7 years of residency training before becoming eligible for medical licensing


Why principle of indemnity not applies in life insurance?​

Answers

The indemnity principle means that the policy payout should restore the insured to the same financial position in which he was before the loss happened. Since the value of human life cannot be ascertained, the principle of indemnity does not apply as it is not possible to quantify the loss. WRITE IN YOUR OWN WORDS

Explanation:

The principle of indemnity is not applicable to life insurance because the insurer may pay any amount but the insured cannot be brought back to the same state. Also, the loss of a life is not measurable and no money can indemnify the loss of a life.

A mismatch between foreign currency denominated net assets and net liabilities Multiple Choice can be eliminated by constructing a balance sheet hedge. can be eliminated by multiplying the foreign currency value of the asset by the spot exchange rate. can be eliminated by undertaking accounting changes to eliminate translation exposure. none of the options

Answers

Answer:

can be eliminated by constructing a balance sheet hedge.

Explanation:

The mismatch could be occurred at the time when the foreign currency and net liabilities would be removed by preparing a hedge of the balance sheet

So according to the given options, the first option is correct as it represent the mismatch situation

So the rest of the options would be considered wrong as they are not related with the mismatch criteria

Predict Consequences When the economy is
expanding, which of the following is a business
MOST likely to do?
A. close its international branches
B. lay off employees
C. invest in new equipment
D. cancel new product development

Answers

I believe it’s C. Invest in née equipment

The correct option is C.

When the economy is expanding, the business invests in new equipment.

What happens during an expansion in the economy?

Expansion, in economics, is an upward trend in the business cycle, characterized by an increase in production and employment, which in turn causes an increase in the incomes and spending of households and businesses.

Learn more about expansion in the economy here

https://brainly.com/question/13733834

#SPJ2

Select the correct answer.

Knight is the head of a country that plans to join the eurozone. Which of these can he expect if he decides to join?

A.
exchange rate variations
B.
improved ability to handle bad debt situations
C.
attraction for investors from outside the EU
D.
variations in pricing of goods and services

Answers

Answer:

Explanation:

variations in pricing of goods and services

Clarity the similarities and differences
between plough and tractor.​

Answers

Answer:

Explanation:

1. Plough is a local technology whereas Tractor is a modern technology.

2. Plough requires human energy whereas Tractor does not require much human energy.

3. Plough doesn’t affect the environment whereas Tractor affects the environment.

4. Lever technology is used in Plough whereas Rolling technology is used in Tractor.

5. Plough requires or consumes more time whereas Tractor consumes less time.

Hope this helped!!!

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