Suppose that in Columbia, one unit of labor can produce 4 tons of papayas or 2 tons of bananas, while in Brazil one unit of labor can produce either 2 tons of papayas or 4 tons of bananas. If each country has 2 units of labor, which of the following consumption combinations can be attained only with specialization and trade? (A) Brazil consumes 8 tons of bananas and no papayas. (B) Columbia consumes 8 tons of papayas and no bananas. (C) Columbia consumes 4 tons of papayas and 4 tons of bananas. (D) Brazil consumes 2 tons of papayas and 4 tons of bananas.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suppose that in Columbia, one unit of labor can produce 4 tons of papayas or 2 tons of bananas, while in Brazil one unit of labor can ...” 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
Identifying costs of inflation Van manages a grocery store in a country experiencing a high rate of inflation.
Answers (1)
Buford Bus Manufacturing installs a new assembly line. As a result, the output produced per worker increases. The marginal cost of output at Buford: a. will increase (the MC curve will shift upward). b.
Answers (1)
The equal dignity rule has several exceptions. for example, an executive officer of a corporation can conduct business transactions without written authority. likewise, when an agent acts in the of a principal, the rule does not apply.
Answers (1)
A theater group made appearances in two cities. The hotel charge before tax is the second city was $ 1000 higher than in the first. The tax in the first city was 8.5 % and the tax in the second city was 5.5 %.
Answers (1)
What is an AA? (From college) What other training programs do they offer (certification programs other than getting an AA) ?
Answers (1)
New Questions in Business
Olivia's employer deducts an amount from her paycheck for the Medicare program. What type of withholding is being deducted from Olivia's paycheck? A) tax exemption B) local withholding C) state withholding D) Social Security withholding
Answers (1)
A popular variation of the accounts receivable turnover is the a. credit risk ratio. b. concentration of credit risk. c. bad debts ratio. d. average collection period.
Answers (1)
When Japan exports goods to the United States, which Country shows a balance of payments credit
Answers (1)
Love Company's accounting records show an after-closing balance of $42,100 in its Retained Earnings account on December 31, 2018.
Answers (1)
g If government spending rises at the same time it reduces tax rates, then:Group of answer choicesbusiness investment will likely fall. crowding out will never occur. interest rates will never rise. business investment will likely rise.
Answers (1)