When the world price of some good is above domestic price

Assignment Help Business Economics

Reference no: EM13984320

When the world price of some good is above the domestic price (before trade), then after trade, that nation will likely be:

A: exporting that item and importing whatever it produces at an absolute disadvantage.

B: exporting that item and importing whatever it produces at a comparative disadvantage

C: importing that item and exporting whatever it produces at a comparative advantage

D: importing that item and exporting whatever it produces at an absolute advantage

Reference no: EM13984320

Questions Cloud

The duty of a coroner : The duty of a coroner is to: When a piece of real property (land and its improvements) is transferred, who records the deed of transfer?

American institute of certified public accountants : Describe at least two (2) career options someone with an accounting education can pursue. Be sure to reference sources such as the Bureau of Labor Statistics and the American Institute of Certified Public Accountants.

What is the money multiplier : If the reserve requirement (rr) is 0.2, what Is the simple deposit multiplier? If, in addition, the currency deposit ratio (c) is 0.06 and the excess reserve ratio (e) is 0.16, what is the money mul-tiplier? Explain why the money multiplier differ..

Find the contribution margin per haircut : Find the contribution margin per haircut. Assume that the barbers' compensation is a fixed cost. Show calculations to support your answer.

When the world price of some good is above domestic price : When the world price of some good is above the domestic price (before trade), then after trade, that nation will likely be:

Calculate the crf for an incremental tax : Calculate the CRF for an incremental tax of 40%, a depreciation life of 20 years, a depreciation schedule that is straight line over the same 20 years and a 15% after tax rate of return.

The global movement toward generally freer trade : The global movement toward generally freer trade

Calculate the contribution needed to recover cost of capital : Carefully think about O/v and I/v. O is the annual operating cost and v is the number of units produced PER YEAR. You might be given O/v as a ratio where the annual operating cost has already been calculated. If the capital for a project was $400 mil..

What is the angular acceleration of the door : What is the angular acceleration of the door? How much force must you and your friend each apply to the free end of the door on the same side and perpendicular to the plane?

User Account

All Pages