39 1A country is said to have a comparative advantage in the production of a good when it: has the lower opportunity cost of producing the good. can produce the good using fewer resources than another country. requires fewer labor hours to produce the good. all of these.
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- Question 3 Trade makes costs Group of answer choices higher and reduces the variety of goods and services available. higher but increases the variety of goods and services available. lower but reduces the variety of goods and services available. lower and increases the variety of goods and services available.A large share of intrafirm trade suggests Group of answer choices 1. There are increasing returns to trade in the industry. 2. The industry produces a highly differentiated, knowledge-intensive product. 3. Offshoring is important in the industry. 4. Strong comparative advantages.QUESTION 49 If the opportunity cost of producing cheese is higher in Greece than it is in Italy, then: a. Greece gives up fewer goods to produce cheese than Italy does. b. both Greece and Italy should produce cheese. c. Italy has a better economy than Greece. d. Italy should specialize in producing cheese. e. Greece should specialize in producing cheese..
- If wages in New Zealand are higher than in China, Select one: a.trading with China will hurt New Zealand. b.trade will benefit both China and New Zealand. c.China will have an absolute advantage in all goods. d.China will have a lower opportunity cost of producing all goodsAlice is the global marketing director for a multinational electronics manufacturing firm. She is assigned with the task of expanding the firm to large and growing international markets. Which of the following factors of international trade will benefit Alice's company a) International trade will provide the company with a comparative advantage. b) The company will benefit from the inflow of new, innovative ideas. C The company will benefit from a balance of trade. ) d) International trade will provide the company with an absolute advantage.The first two drop bar options are ( 1/2 pair, 1/4 pair, 2 pairs, 4 pairs) The third and fourth drop bar options are (euphoria or contente) For the chart Trade action drop bar 1 is (exports 26 or imports 26) Drop bar 2 is (exports 78 or imports 78) drop bar 3 is ( exports 26 or imports 26) drop bar 5 is (exports 78 or imports 78) Thank you for your patience and hardwork!!
- The bolded wording is the answer choices for the drop-down arrows it has 4 answer choices Euphoria's opportunity cost of producing 1 pair of jeans is a) 1/2 b) 1/4 c) 2 d) 4 of corn, and Arcadia's opportunity cost of producing 1 pair of jeans is a) 1/2 b) 1/4 c) 2 d) 4 of corn. Therefore, a) Euphoria b) Arcadia has a comparative advantage in the production of jeans, and a) Euphoria b) Arcadia and has a comparative advantage in the production of corn. Euphoria Trade Actions (Jeans) a) Exports 14 b) Imports 14 Trade Actions (Corn) a) Exports 42 b) Imports 42 Arcadia Trade Actions (Jeans) a) Exports 14 b) Imports 14 Trade Actions (Corn) a) Exports 42 b) Imports 42Question 2: Empirical research in various countries creates so many problems for the researchers. Describe these problems that are generally encountered during such type of research.6. Question 6 options: Country similarity theory was proposed by--------
- You work for a Nova Scotia Company trying to successfully enter the cranberry market in Australia. Create an analysis on the entry country (Australia) based on the following; Are there any trade restrictions? This includes embargoes, quotas, import taxes, tariffs, licensing, and customs duties.Does the entry country require countertrade? Do they receive foreign aid?Question 1: World Trade Overview and Gravity ModelIn the 19th Century Britain was trading with countries from distant locations such asNorth America, Latin America, Africa and Asia. Today, Britain mostly trades withEuropean countries. Examine the causes of the British changing trade pattern withreference to the Gravity Model.17. Question 17 options: The international Bank for Reconstruction and Development known as came into existence, to support war-affected economies and underdeveloped Economies
