Can these two countries gain from trading oil and fish oil?
a. These countries can gain from trade because norway has an absolute advantage producing fish oil.
b. These countries cannot gain from trade because neither has a comparative advantage producing either good.
c. These countries cannot gain from trade because neither has an absolute advantage producing either good.
d. These countries can gain from trade because their opportunity costs of producing each good are the same.
e. These countries can gain from trade because the united kingdom has an absolute advantage producing oil.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Can these two countries gain from trading oil and fish oil? a. These countries can gain from trade because norway has an absolute advantage ...” 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
You own 400 shares of Western Feed Mills stock valued at $51.20 per share. What is the dividend yield if your annual dividend income is $352? A. 1.68 percent B. 1.72 percent C. 1.83 percent D. 1.13 percent E. 1.21 percent
Answers (1)
Economists usually call an industry an oligopoly if A. there is one firm that produces 100 percent of the output B. the ten largest firms produce less than 50 percent of the output C. only one product is available on the market D.
Answers (1)
Tom rented an apartment from margaret on a month-to-month basis, with rent due on the first of the month. this type of tenancy is known as a "tenancy at will."true or false
Answers (1)
Which of these types of buildings would not be found on the plaza principal? municipal buildings family homes cathedrals?
Answers (1)
Which of the following would you list as a non-essential expense? a. a fashionable pair of blue jeans. b. electricity for your home. c. insurance on your car. d. a bill for data usage on a smart phone.
Answers (1)
New Questions in Business
Friendly's Quick Loans, Inc., offers you "eight for ten or I knock on your door." This means you get $8 today and repay $10 when you get your paycheck in one week (or else).
Answers (1)
Shoeleather costs arise when higher inflation rates induce people to:a. spend more time looking for bargains. b. spend less time looking for bargains. c. hold more money. d. hold less money.
Answers (1)
Lewis Inc. had the following information taken from various accounts for 2015: Sales Discounts $41,000 Unearned Revenue $32,000 Total Sales $459,000 Purchase Discounts $15,000 Sales Allowances $35,000 Accounts Receivable $205,000 What was Lewis Inc.
Answers (1)
True or False: The basic economic theory of supply and demand suggests that when price drops, consumers will buy more and thus generate stronger demand.
Answers (1)
If you think carefully about what you're doing, always ask for advice when you need it, and keep asking questions, starting a business can be
Answers (2)