Which of these statements is most likely to be true

Assignment Help Business Economics
Reference no: EM1353166

Depends on the evidence in this article and what you know about the economy in the United States, decide which of these statements is most likely to be true.

A. Both the United States and Pakistan have an absolute advantage in the production of cloth and clothing

B. Pakistan has a comparative advantage in the production of cloth and clothing, and the United States has an absolute advantage in the production of these goods.

C. Pakistan has an absolute advantage in the production of cloth and clothing, and the United States has a comparative advantage in the production of these goods.

D. Both Pakistan and the United States have a comparative advantage in the production of cloth and clothing.

 

Reference no: EM1353166

Questions Cloud

Explain campaign tools used in the promotional mix : Explain Locate the other campaign tools used in the promotional mix If the ad you selected is part of an integrated marketing communication campaign.
Development of personality disorders : This solution focuses on the gender differences in the development of personality disorders, and more specifically, focuses on antisocial personality disorder (ASPD), more prevalent in males
Story of big black good man : In the story "Big Black Good Man" by Richard Wright, do you believe that Olaf is a racist?  Why or why not?  What do you think Jim thinks of Olaf?  Do you suppose he realizes the effect that he has on Olaf?
Differences between a direct-financing and sales type lease : Discuss the differences between a direct-financing and a sales-type lease for a lessor? Why would a lessor provide direct-financing to a lessee?
Which of these statements is most likely to be true : Depends on the evidence in this article and what you know about the economy in the United States, decide which of these statements is most likely to be true.
How many years it takes one electron to travel : A gauge-12 wire has diameter centimeters and length meters. while the voltage volts is applied to the ends of the wire, the current is amperes. The concentration of free electrons in the wire is per cubic meter.
Strengths and limitations of personality theories : Examine the theories of personality covered in the readings. Choose two and analyze the strengths and limitations of the theories. Compare and contrast them in relationship to:
Differentiating internal and external fragmentation : Explain the difference between internal fragmentation and external fragmentation. Which one occurs in paging system? Which one occurs in system using pure segmentation?
Structural unemployment and cyclical unemployment : What is the difference between structural unemployment and cyclical unemployment and what type of unemployment is best studied within the long-run framework

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