Reference no: EM13176181
suppose that france and austrailia both produce fish and wine.france's oppurtunity cost of proucing a bottle of wine is 4 pounds of fish.while australias oppurtunity cost of producing a bottle of wine is 7 pounds per fish.by comparing the oppurtunity costs of producing wine in the two countries you can tell that _________( france or austrailia )has a comparative advantange in the production of wine and that _______(france or austrailia) has a comparative advantage in the production of fish.
suppose that france and austrialia consider trading wine and fish with each other.france can gain specialization and trade as it recieves more than __________( 7lbs,1lb,4lbs,1/4lb,1/7lb)of fish per each bottle of wine it exports to austrailia.similarly australia can gain from trade as long as it recieves more then _______(4 blottles, 7 bottles, 1/7 bottle, 1/4 bottle, 1 bottle) of wine for each pound of fish it exports from france.
based on the answer to the last question which of the following terms of trade ( that is price of wine in terms of fish) would allow austriala and france to gain from trade ( check all that apply)
A) 6 pounds of fish to one bottle of wine,
B)5 pounds of fish per bottle of wine
C)8 pounds of fish per bottle of wine
D) 3 pounds of fish per bottle of wine
|
How many grams of copper hydroxide can be prepared
: how many grams of copper hydroxide can be prepared from 2.7 g of copper(II)nitrate and excess sodium hydroxide?
|
|
Calculate the equipments depreciation expense
: Calculate the equipment's depreciation expense, the balance of accumulated depreciation, and the book value for each year the equipment is expected to be in service, using the straight-line method.
|
|
Calculate the mass percent composition of aluminum
: A 4.78- sample of aluminum completely reacts with oxygen to form 6.67 of aluminum oxide. Use this data to calculate the mass percent composition of aluminum in aluminum oxide.
|
|
What is the molarity of the malonic solution
: in a .1000 M NaOH solution, 20.76 mL of the NaOH solution were required t neturalize completely 13.15 mL of the malonic acid solution; what is the molarity of the malonic solution?
|
|
Describe oppurtunity cost of proucing
: france can gain specialization and trade as it recieves more than __________( 7lbs,1lb,4lbs,1/4lb,1/7lb)of fish per each bottle of wine it exports to austrailia.similarly australia can gain from trade as long as it recieves more then _______(4 blo..
|
|
Determine what problems have been encountered
: Research ERP to determine what its purpose is. Also, determine what problems have been encountered when different companies in different industries have implemented this kind of system.
|
|
What was the change in internal energy of the animal
: Disregarding any other losses and treating the animal as a closed system, what was the change in internal energy of the animal?
|
|
Abandoned landfill explodes in giant ball of flames
: A home located about 500 feet from an abandoned landfill explodes in a giant ball of flames. This is a mystery, as the home only uses electricity for cooking and heating the home.
|
|
Ethel’s chocolate lounges
: Describe the type of consumer buying decision that best describes the choice to indulge at Ethel's. Discuss the factors that influence a consumer to spend money and time at Ethel's. Justify which factor you think will motivate a consumer the most..
|