According to the following situation below, who has the comparative advantage in producing coffee?
Costa Rica can produce rice, coffee, soybeans, and chocolate. However, because of the climate and land of Costa Rica, coffee is much cheaper and faster to produce. Vietnam can produce rice, coffee, soybeans, and chocolate as well. However, because of the climate and land of Vietnam, rice is much cheaper and faster to produce. Brazil can produce rice, coffee, soybeans, and chocolate as well. However, because of the climate of Brazil, chocolate is much cheaper and faster to produce. The United States can produce rice, coffee, soybeans, and chocolate as well. However, because of the climate of the United States, soybeans are much cheaper and faster to produce.
A. Brazil
B. Vietnam
C. Costa Rica
D. the United States
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “According to the following situation below, who has the comparative advantage in producing coffee? Costa Rica can produce rice, coffee, ...” 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
Joe has a full-time construction job and also does odd jobs for people on the weekends. you have purchased the materials needed to construct a fence at your house and you pay joe $500 to build the fence.
Answers (1)
Which sentence is an example of a core value? A.) I think eating a light dinner is best for one's health. B.) I love chocolates. C.) My family is very important to me. D.) New York is a vibrant city.
Answers (2)
The next dividend payment by Grenier, Inc., will be $1.48 per share. The dividends are anticipated to maintain a growth rate of 5 percent forever. If the stock currently sells for $27 per share, what is the required return
Answers (1)
XYZ Pharmaceuticals recently announced that the clinical trials for a cancer drug failed to cure the illness. This announcement led to a dramatic decrease in the stock value of the company.
Answers (1)
Powder room mess. for $300,000, willis agrees to build a new home for robert, who is very picky. willis builds the home to robert's specifications with one exception.
Answers (1)
New Questions in Business
An economic system: A. requires a grouping of private markets linked to one another. B. is a particular set of institutional arrangements and a coordinating mechanism used to respond to the economizing problem. C.
Answers (1)
Grading at a site refers to A) evaluating the existing subsurface conditions of a site. B) evaluating the groundwater conditions at a site. C) compacting the soil to required density. D) None of these.
Answers (1)
A machine with a cost of $130,000, accumulated depreciation of $85,000, and current year depreciation expense of $17,000 is sold for $40,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:A.
Answers (1)
Which investment has the highest liquidity and can be converted into cash easily? A - bonds B - mutual funds C - stocks D - certificates of deposit
Answers (2)
Suppose the Fed raises the required reserve ratio, a move that is normally thought to reduce the money supply.
Answers (1)