Colombia produces coffee with less labor and land than any other country; it therefore necessarily has: A. a comparative advantage in coffee production. B. both a comparative and absolute advantage in coffee production. C. an absolute advantage and comparative disadvantage in coffee production. D. an absolute advantage in coffee production
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Colombia produces coffee with less labor and land than any other country; it therefore necessarily has: A. a comparative advantage in ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A banker's acceptance A. is a draft drawn on a bank and paid by that bank when presented to it. B. may be accepted by the bank for future payment. C. can be traded in a relatively liquid market until maturity. D. All of the options are true.
Answers (1)
In lecture, we introduced five specific characteristics of what corporations should exhibit to be good corporate citizens. Identify and discuss the rationale of these characteristics and explain the value we place on citizenship in general.
Answers (1)
Effect of Doubtful Accounts on Net Income During its first year of operations, Mack's Plumbing Supply Co. had sales of $260,000, wrote off $4,000 of accounts as uncollectible using the direct write-off method, and reported net income of $28,600.
Answers (1)
Recomended ways in which the business can promote social and cultural rights cultural rights in the workplace
Answers (1)
The corporate charter of Gage Corporation allows the issuance of a maximum of 100,000 shares of common stock. During its first 2 years of operation, Gage sold 70,000 shares to shareholders and reacquired 4,000 of these shares.
Answers (1)
New Questions in Business
Dumping is most closely associated with which marketing mix element
Answers (1)
Dividends paid is equal to A. cash provided by operations less capital expenditures. B. Free cash flow less cash provided by operations and capital expenditures. C. cash provided by investing activities less capital expenditures. D.
Answers (1)
In Lima one worker can produce either 33 bushels of corn of 6 pounds of tomatoes in one day. In Puma one worker can produce either 103 bushels of corn or 14 pounds of tomatoes in one day.
Answers (1)
An entrepreneur is a person who owes money to a bank or other financial institution
Answers (1)
Suppose that there are two industries, A and B. There are five firms in industry A with sales at $5 million, $2 million, $1 million, $1 million, and $1 million, respectively. There are four firms in industry B with equal sales of $2.
Answers (1)