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Japan rice (bushels per hour): 4 Thailand rice (bushels per hour): 8
Japan apparel (units per hour): 40
Thailand apparel (units per hour): 16
What is the opprotunity cost of rice for each country?
What is the opprotunity cost of apparel for each country?
Japan has an abosolute advantage in the production of what?
Thailand has an absolute advantage in the production of what?
Japan has a comparative advantage in the production of what?
Thailand has a comparative advantage in the prouction of what?
In order for both countries to benefit from the exchage, the terms of trade must be between what amount of bushels of rice per unit of apparel?
What level of output should this firm produce in order to maximize profit or minimize losses - and how many firms in total will there be in this market?
Construct a 98% confidence interval estimate for the difference between the mean creativity score for those with a red background and the mean creativity score for those with a blue background.
A large automobile manufacturer is considering the installation of a high-tech material handling system for $30,000,000.
Which sectors, if any, experienced losses? What are the implications of the profit changes for expansion or contraction of the particular industries?
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suppose that ex is the exchange rate between the u.s. dollar and the chinese yuan in that ex indicates the number of
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select an organization that would benefit from a new focus on creativity and innovation.assume the role of a consultant
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draw a foreign exchange market diagram for u.s. dollar against euro euro. illustrate and explain how each of the
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