What is an example of a trade

Assignment Help Business Economics

Reference no: EM13998575

Suppose Japan can produce 2 million trucks per day, or it could produce up to 3 million cars. ON the other hand, Germany can produce 4 million trucks per day, or it could produce up to 5 million cars. What is an example of a trade that could take place between these two countries? and why?

Reference no: EM13998575

Questions Cloud

Protection plan for new smartphones : Verizon offers a protection plan for new smartphones at $195. The absolutely most expensive iPhone you can buy right now is $849. Assume for a moment you are a very cautious but forgetful person: you would never, ever drop or damage your phone, but y..

Calculate the depreciation expense to be recognized : Gandolfi construction company purchased a used CAT 336D earth mower at a cost of $325,000 in January 2013. The company's estimated useful life of this heavy equipment is 10 years, and the estimated salvage value is $75,000.00 Using straight-line depr..

Federal government has intruded upon the power of the states : Some say that there are powers that the Constitution reserves to the States that the Federal Government has intruded upon since the founding of the country. Discuss and provide one example where it could be argued that the Federal Government has intr..

Differentiate between how hospitals and physicians : Differentiate between how hospitals and physicians are reimbursed. Include government entitlements such as Medicare and Medicaid.

What is an example of a trade : Suppose Japan can produce 2 million trucks per day, or it could produce up to 3 million cars. ON the other hand, Germany can produce 4 million trucks per day, or it could produce up to 5 million cars. What is an example of a trade that could take pla..

What is your total variable cost per acre : Assume you are a wheat farmer in North Central Kansas, you have fixed costs per acre of $84, variable cost per bushel is $3.64, and you produce 56 bushels per acre. What is your total variable cost per acre? What is your total cost per acre?

Purchase of one of two types of laser trimming devices : An electronics manufacturer is considering the purchase of one of two types of laser trimming devices. The sales forecast indicated that at least 8,000 units will be sold per year. Device A will increase the annual fixed cost of the plant by $20,000 ..

Under the topic of health as an input to production : Under the topic of health as an input to production,

The cost of producing a given level of output is minimized : The cost of producing a given level of output is minimized

User Account

All Pages