If country A can produce both goods X and Y more efficiently, that is, with smaller absolute amounts of resources, than can country B:
A. then there is no possible basis for mutually advantageous specialization and trade between A and B.
B. we can conclude that A is an industrially advanced economy and B is a developing economy.
C. mutually advantageous specialization and trade between A and B may still be possible.
D. it will necessarily be advantageous for B to import both X and Y from A.

Answers

Answer 1

Country B can mutually advantageous specialization and trade between A and B may still be possible. Even though country A may be able to produce both goods X and Y more efficiently than country B, this does not mean that it is not possible for both countries to benefit from specialization and trade.

Country A may specialize in producing one good, while Country B specializes in producing the other. This allows both countries to benefit from economies of scale and to produce more of each good than either country could produce on its own. This mutually advantageous specialization and trade may be beneficial to both countries.

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Related Questions

suppose that each of two independent investments has a 2% chance of a loss of $10 million and 98% chance of a profit of $1 million.

Answers

The chances of loss on investment is 20000$. An independent investment is money that people or businesses put into businesses. Investments that are independent of other investments in a company are unconnected.

Typically, people invest money by buying bonds or stock in a firm. Contrary to what their names imply, contingent investments are linked to some other forms of investments while independent investments are just that—contingent. a sum of money that an individual, rather than a company or businesses, has invested in something, or these investments taken collectively: Real estate and precious metals are his go-to personal investing options. The most valuable cryptocurrency by market capitalization, bitcoin, is a volatile and dangerous investment.

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Counselors can encourage ethnic minority clients to learn skills they can use to interact successfully with various forces in their community by acting as their:

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Counselors can encourage ethnic minority clients to learn skills they can use to interact successfully with various forces in their community by acting as their consultant.

Who in the UK is an ethnic minority?

Except for the white British group, all ethnic groups are referred to as "ethnic minorities" in this context. White minorities like the Gypsy, Roma, and Irish Traveler communities are examples of ethnic minorities.

Which ethnic minority is a good illustration of?

Numerous studies conducted in the United States have revealed stark and enduring disparities in health among racial and ethnic minorities (including Blacks/African-Americans, Hispanics/Latinos, Asians and Pacific Islanders, as well as American Indians and Alaska Natives) across a wide range of significant health indicators.

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Which of the following statements are true regarding dividends? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer) O A stock dividend commonly indicates management's confidence that the company doing well O A stock dividend increases the number of outstanding shares O A stock dividend increases the number of authorized shares O Stock dividends are a mechanism to keep the market price of stock affordable On January 15, the end of the first pay period of the year, North Company's employees earned $48,000 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $3,100 of federal income taxes. 1,037 of medical insurance deductions, and $130 of union dues. No employee earned more than $7,000 in this first period Prepare the journal entry to record North Company's January 15 salaries expense and related liabilities View transaction list Journal entry worksheet 1 Record the employee payroll for period. Note: Enter debits before credits General Journal Debit Credit Date Jan 15 Record entry Clear entry View general journal

Answers

The correct option is option A and B .a) A stock dividend commonly indicates management's confidence that the company doing well b) A stock dividend increases the number of outstanding shares

Salary Expense 48,000 FICA Social Security Tax 2,976 FICA Medicare Tax 698 Federal Income Tax 3,100 Medical Insurance Deductions 1,037 Union Dues 130 Cash 42,059 Total 48,000 Total 48,000.

Tax relief or tax cuts offered by the government, "tax deduction" and "tax exemption," both refer to a reduction in taxable income. Tax exemptions, however, can also include reduced rates, no taxes at all, and simply a portion of your income being taxed.

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g changes in prices of a good causes movement along the demand curve. movement along the supply curve. no movement along either curve. both a and b.

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The changes in prices of a good causes movement along the demand curve. According to the economics, the variation of change price with the demand curve.

The demand curve is the graphical representation between the demand of the commodity and the amount of price, and also with  supply curve, quantity of products.

The demand curve represents the increasing products demand with the changes in prices curve with remain all the constant same.

The demand curve, when the prices change is along the quantity demand curve. The demand curve will be upward and downward with respect to other factors.

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according to ellis' abc's to rebt, people have the most control over changing their . group of answer choices beliefs activating events

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according to Ellis' ABC's to REBT, people have the most control over changing their thoughts, feelings and their actions.

Ellis's ABC model is a cognitive-behavioral model that propose that it is our thoughts about situations that result in our emotional and behavioral responses. REBT is a form of cognitive-behavioral therapy that is based on the ABC model.

The therapist helps the client to identify their irrational thoughts and beliefs and to challenge and change them. The goal is to help the client to learn to respond to situations in a more rational and effective way. Ellis held the view that every person has the capacity to exert control over their thoughts, feelings, and behavior.

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a regression analysis between sales (in $1000) and price (in dollars) resulted in the following equation y-hat

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A regression analysis between sales (in $1000) and price (in dollars) resulted in the following equation y-hat = -0.5x + 800.This equation suggests that for every dollar increase in price, sales will decrease by $0.5 thousand.

Regression analysis is a group of statistical procedures used in statistical modelling to determine the relationships between a dependent variable (often referred to as the "outcome" or "response" variable, or a "label" in machine learning jargon), and one or more independent variables (often referred to as "predictors," "covariates," "explanatory variables," or "features"). In linear regression, the most typical type of regression analysis, the line (or a more complicated linear combination) that most closely matches the data in terms of a given mathematical criterion is found. When using the ordinary least squares method, for instance, the specific line (or hyperplane) that minimises the sum of squared differences between the genuine data and that line is computed (or hyperplane).

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Revenue generated by online TV and movies is expected to grow by nearly 30% between 2018 and 2021. Group of answer choices True False Millennials are the first generation to be born into the digital revolution of the twentieth century. Group of answer choices True False Which of the following magazines underwent a digital remaking following the introduction of a metered paywall in 2014? Group of answer choices The New Yorker Sports Illustrated Time Newsweek

Answers

1. True, Revenue generated by online TV and movies is expected to grow by nearly 30% between 2018 and 2021.

2. True, 1. Group of answer choices True False Millennials are the first generation to be born into the digital revolution of the twentieth century.

3. The New Yorker Sports  underwent a digital remaking following the introduction of a metered paywall in 2014

What is meant by digital remaking?

The act of employing digital technology to build new business processes, cultures, and customer experiences—or adapt current ones—in order to satisfy shifting business and market requirements is known as digital transformation. Digital transformation refers to this reinvention of company in the digital age.

Business executives must be willing to make significant changes as a result of digital transformation, even if those changes go against their current goals and convictions. Automation and data-driven insights may help a business realize that its current methods are ineffective or wrong.

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Assume that Jill spends all her allowance on only two goods whose prices are equal. To maximize utility Jill will
A. Spend the same total dollar amount on each good
B. Purchase the same number of units of each good
C. Purchase a combination of the two goods so that the utility of each good is the same
D. Purchase a combination of the two goods so that the marginal utility of the last unit purchased of each good is the same
E. Purchase a combination of the two goods so that the marginal utility of the last unite purchased of each good divided by the price is equal to one

Answers

To maximize utility Jill will spend the same total dollar amount on each good. The idea behind utility maximisation is that people and organisations should aim to get the most happiness possible out of their financial choices.

The degree to which an individual's fulfilment is realised is measured by utility function. Making economic organisations that ensure the maximum possible level of customer happiness is known as utility maximisation (benefit). An illustration would be if a consumer chose to buy more "Product A" and less "Product B" since the former combination ensures greater benefit (utility) per dollar. The utility-maximizing condition is when overall expenditures are equal to the available budget.

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the distributive process by which the burdens and rewards that society has to offer are shared varies from society to society. T/F

Answers

It is true that the distributive process by which the burdens and rewards that society has to offer are shared varies from society to society.

How the people in any given region divide burdens and rewards among themselves depends in large part on factors like the geography of the region and the propensity of the people established based on it. Additionally, the patterns of burden and reward distribution vary depending on the region's diverse demographics.

Distributive justice is the equitable distribution of costs and benefits in a society. Armstrong claims that distributive justice ensures that everyone member of a society bears some of the burden and benefits of living. Distribution justice is concerned with the equitable distribution of advantage among various social members.

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which of the following is an example of a negative externality? group of answer choices bae's company has a decrease in profits when the demand for its product falls. rita gains weight while she is on vacation because she eats more than normal. when fazio parks his big truck at the grocery store, people in the cars on each side of his parking space have a hard time opening their car doors. raul loses weight because he wants to feel better, but the weight loss means that he needs new clothes.

Answers

The correct option here is, when Fazio parks his big truck at the grocery store, people in the cars on each side of his parking space have a hard time opening their car doors.

WHAT ARE NEGATIVE EXTERNALITIES?

When a products or service's production and/or consumption have an adverse effect on a third party separate from the transaction, this is referred to as a negative externality. Two parties, referred to as the first and second parties in the transaction, are involved in a typical transaction: the producer and the consumer. Third parties are any other parties who are not involved in the transaction.

When it is challenging to hold people accountable, as is the case with environmental contamination, negative externalities frequently impact public resources. Without having to worry about legal action or penalties, producers or consumers may produce a negative externality.

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Acme Manufacturing is considering a project that requires an investment in new equipment of $4,000,000, with an additional $200,000 in shipping and installation costs. Acme estimates that its accounts receivable and inventories need to increase by $800,000 to support the new project, some of which is financed by a $320,000 increase in spontaneous liabilities (AP and accruals).The total cost of acme's new equipment is _______ and consists of the price of the equipment plus the ____. In contrast, acme's initial investment outlay is ______.

Answers

If Acme Manufacturing is considering a project that requires an investment in new equipment of $4,000,000, The total cost of acme's new equipment is $4,680,000 and consists of the price of the equipment plus the assets' installation, shipping, and delivery costs. In contrast, acme's initial investment outlay is $4,200,000.

How to find the total cost and the initial investment outlay?

a. Total cost

Using this formula to find the total cost

Total cost = New equipment + Additional shipping + ( Increase in account receivable - Increase in spontaneous liabilities)

Let plug in the formula

Total cost = $4,000,000 + $200,000 + ($800,000 - $320,000)

Total cost = $4,000,000 + $200,000 + $480,000

Total cost = $4,680,000

b. Initial investment outlay

Initial investment outlay = $4,000,000 + $200,000

Initial investment outlay = $4,200,000

Therefore the total cost of acme's new equipment is $4,680,000  and the acme's initial investment outlay is $4,200,000.

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Which of the following are characteristics of blockchain technology? (select all that apply)
a. Decentralized technology
b. Distributed transaction ledger
c. Secure framework
d. High profit margins

Answers

Decentralized technology, Distributed transaction ledger, Secure framework are characteristics of blockchain technology.

What does Decentralized Technology means?

Decentralized technology, also known as distributed technology, refers to a system in which components are distributed across a network rather than being stored in a centralized system. Users can control and manage their data and activities using this technology without relying on a centralized authority. It also enables more secure and reliable data exchanges and transactions because there is no single point of failure. Furthermore, by eliminating the need for a third party to facilitate transactions, decentralization helps to reduce costs and increase efficiency.

What is Blockchain Technology?

Blockchain technology is a distributed ledger system that is decentralized and records digital transactions across a peer-to-peer network. It is a shared digital ledger of transactions that is constantly growing as new blocks are added to it, with a secure record of each transaction. Each block contains the previous block's cryptographic hash, a timestamp, and transaction data. A blockchain is resistant to data modification by design and is inherently secure, efficient, and transparent.

Threfore the option A,B & C Decentralized technology, Distributed transaction ledger, Secure framework is the correct answer.

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Yiannis is the CEO of a company that has cornered the market on products for both amateur and professional golfers and is the primary seller for the majority of
these products in the marketplace. What BEST describes the competitive structure that Yiannis's business participates in?


A. Monopoly
B. Perfect competition
C. Monopsony
D. Monopolistic competition

Answers

Monopolistic competition describes the competitive structure that Yiannis's business participates in.

What does  Monopolistic competition mean?

Monopolistic competition is an economic model in which multiple sellers offer similar but slightly differentiated products. This type of competition allows a large number of firms to exist in the same market, each with some degree of pricing control. Firms can gain a competitive advantage by differentiating their products by adding features, improving customer service, or pursuing other strategies.

What does Services Mean?

Services are activities that benefit either an individual or an organization. Services can include a variety of tasks, ranging from financial advice and legal assistance to maintenance and repair work. Intangible activities such as emotional support, education, and entertainment can also be included.

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Taxpayers whose only unearned income consists of qualified dividends and capital gain distributions reported to them on Form 1099-DIV generally compute the amount of tax on their income using what?

Answers

Taxpayers whose only unearned income consists of qualified dividends and capital gain distributions reported to them on Form 1099-DIV generally compute the amount of tax on their income using the tax rates that apply to long-term capital gains and qualified dividends.

What are Taxpayers?

Generally, These tax rates are generally lower than the tax rates that apply to ordinary income, such as wages and salaries.

To calculate the tax on qualified dividends and capital gain distributions, taxpayers should first determine their taxable income, which is their total income from all sources, minus any deductions and exemptions to which they are entitled.

They should then determine their tax liability by applying the appropriate tax rates to their taxable income. The tax rates that apply to qualified dividends and long-term capital gains are based on the taxpayer's income tax bracket, which is determined by the amount of taxable income they have.

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