Alpha can produce either 18 oranges or 9 apples an hour, while Beta can produce either 16 oranges or 4 apples an hour. If the terms of trade are established as 1 apple for 4 oranges, then:
A. there are no incentives for Beta to engage in international specialization and trade with Alpha. B. it is in the interest of Beta to grow oranges and trade for apples. C. it is in the interest of both countries to specialize and trade with one another. D. there are no incentives for Alpha or Beta to specialize and trade with one another.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Alpha can produce either 18 oranges or 9 apples an hour, while Beta can produce either 16 oranges or 4 apples an hour. If the terms of ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Johnson Company manufactures a variety of shoes, and has received a special one-time-only order directly from a wholesaler. Johnson has sufficient idle capacity to accept the special order to manufacture 15,000 pairs of sneakers at a price of $7.
Answers (1)
The spread or difference that results when product price exceeds average total cost determines
Answers (1)
When janet saw the banner ad for dice, an employment agency for techies, she used her mouse to access the site's home page.
Answers (1)
A price floor represents a maximum price that can be legally charged for a product or service. a lottery imposed upon producers by the government. a first come, first served mechanism for controlling prices.
Answers (1)
The two-factor model on a stock provides a risk premium for exposure to market risk of 9%, a risk premium for exposure to interest rate risk of (-1.3%), and a risk-free rate of 3.5%.
Answers (1)
New Questions in Business
Henry Edwards was injured in an accident caused by another driver who did not have insurance. Henry's medical expenses would be covered by: A. collision. B. no-fault coverage. C. bodily injury liability. D. uninsured motorists protection Its not B
Answers (1)
Oliver is a manager at a watch company. He believes that money is the sole motivator for workers, so he links workers' pay directly to their output. For each watch a worker produces, he or she receives $5.
Answers (1)
If the management decision problem is: "should a new product be introduced?" what is the most appropriate marketing research problem?
Answers (1)
Vaughn Manufacturing received a check for $24480 on July 1 which represents a 6 month advance payment of rent on a building it rents to a client. Unearned Rent Revenue was credited for the full $24480.
Answers (1)
If it does not seem responsible to consult your superviser or others in your management chain when you have an issue or concern involving the code of conduct
Answers (1)