Nation benefits from international trade

Assignment Help Business Economics
Reference no: EM131113495

A nation benefits from international trade if it:

a. exports more than it imports.

b. imports more than it exports.

c. imports goods for which it is a low opportunity cost producer.

d. exports goods for which it is a low opportunity cost producer.

Reference no: EM131113495

Questions Cloud

Derive an expression for the force on the plunger : For a coil current I (dc), derive an expression for the force on the plunger.
Why do firms codify so many processes into erp system : If continuous improvement is the key to remain competitive, then why do firms codify so many processes into enterprise resource planning (ERP) systems?
Purpose and value of a request for proposal : Explain and discuss the purpose and value of a request for proposal (RFP). What should it contain, and why? No word limit.
Compute the loss national organization bank : Assuming that both Botosan Company and National Organization Bank use the effective-interest method to amortize the discount, prepare the amortization schedule for the note.
Nation benefits from international trade : A nation benefits from international trade if it:
Explain the term noble cause corruption : Explain the term noble cause corruption. Give an example of this in contemporary law enforcement
Reduce air pollution and traffic congestion to optimal level : Achieving lower pollution Suppose the government decides to raise the gasoline tax as a way to reduce air pollution and traffic congestion to their optimal levels. Which of the following describes why corrective taxes, such as the gasoline tax, are u..
Which pair has the highest degree of nucleotide similarity : Which pair has the highest degree of nucleotide similarity in their operational genes? Which pair of organisms would you expect to have the highest degree of nucleotide similarity in theirinformational genes?
Formulate a linear programming model : Formulate a linear programming model for the make-or-buy decision for Cleveland Stapler that will meet the 5,000-unit demand at a minimum total cost.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd