EP ECONOMICS,AP EDITION-CONNECT ACCESS
20th Edition
ISBN: 9780021403455
Author: McConnell
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Question
Chapter 38, Problem 1RQ
To determine
The absolute advantage of making bicycles.
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In Country A, the production of 1 bicycle requires using resources that could otherwise be used to produce 11 lamps. In Country B, the production of 1 bicycle requires using resources that could otherwise be used to produce 15 lamps. Which country has a comparative advantage in making bicycles? LO26.2 a. Country A. b. Country B
24 of 38
For each hour worked, a U.S. worker can produce 4 loaves of bread, or 2 tons of
steel. Canadian workers can produce 2 loaves of bread, or 1 ton of steel per
hour. The information indicates that:
O A. Canada has comparative advantage in steel, and the U.S. has comparative advantage in
bread.
O B. neither country has comparative advantage in steel or bread.
O C. Canada has comparative advantage in bread, and the U.S. has comparative advantage in
steel.
O D. the U.S. has comparative advantage in both steel and bread.
Unsure
9- Given that, the opportunity cost for producing 1 million kg of shrimps for
island A is 1.5 million kg of papayas. While, the opportunity cost for producing 1
million kg of papayas for island B is 0.5 million kg of shrimps. The value of Y is: "
10.5
О 3.5
O 21
Chapter 38 Solutions
EP ECONOMICS,AP EDITION-CONNECT ACCESS
Ch. 38.2 - Prob. 1QQCh. 38.2 - Prob. 2QQCh. 38.2 - Prob. 3QQCh. 38.2 - Prob. 4QQCh. 38 - Prob. 1DQCh. 38 - Prob. 2DQCh. 38 - Prob. 3DQCh. 38 - Prob. 4DQCh. 38 - Prob. 5DQCh. 38 - Prob. 6DQ
Ch. 38 - Prob. 7DQCh. 38 - Prob. 8DQCh. 38 - Prob. 9DQCh. 38 - Prob. 10DQCh. 38 - Prob. 11DQCh. 38 - Prob. 12DQCh. 38 - Prob. 13DQCh. 38 - Prob. 14DQCh. 38 - Prob. 1RQCh. 38 - Prob. 2RQCh. 38 - Prob. 3RQCh. 38 - Prob. 4RQCh. 38 - Prob. 5RQCh. 38 - Prob. 6RQCh. 38 - Prob. 7RQCh. 38 - Prob. 8RQCh. 38 - Prob. 9RQCh. 38 - Prob. 10RQCh. 38 - Prob. 11RQCh. 38 - Prob. 12RQCh. 38 - Prob. 13RQCh. 38 - Prob. 1PCh. 38 - Prob. 2PCh. 38 - Prob. 3PCh. 38 - Prob. 4P
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- For each hour worked, a U.S. worker can produce 4 dozen baguettes, or 2 tonnes of aluminum. Canadian workers can produce 2 dozen baguettes, or 1 tonne of aluminum per hour. The information indicates that O A. Canada has comparative advantage in aluminum, and the U.S. has comparative advantage in baguettes. OB. neither country has comparative advantage in aluminum or baguettes. O C. Canada has comparative advantage in baguettes, and the U.S. has comparative advantage in aluminum. O D. the U.S. has comparative advantage in both alyminum and baguettes.arrow_forwardQUESTION 22 20 EN 50 PPF 40 30 20 10 50 10 20 cloth 22. Assuming labor is the only resource and England has 60 man-hours (mhrs) and Portugal 180 mhrs of labor resource available for production, which country has the absolute advantage in wine? Oa) Portugal b) England 70 60 50 40 30 20 10 "T Oc) Both Ⓒd) Nether Ⓒ) Can't tel QUESTION 23 80 70 60 50 England 70 80 50 PPF PP 40 KE 30. 20 10 30 40 50 60 10 30 30 cloth 23. Assuming labor is the only resource and England has 60 man-hours (mhrs) and Portugal 180 mhrs of labor resource available for production, which country has the absolute advantage in cloth? 40 30 20 10 10 O a) Portugal b) England Oc) Both Ⓒd) Nether Ⓒe) Cannot tell England QUESTION 24 60 50 40 30 20 10 70 KN 50 PPI 40 30 20 10. 50 60 10 cloth cloth 24. Assuming labor is the only resource and England has 60 man-hours (mhrs) and Portugal 180 mhrs of labor resource available for production, which country has the comparative advantage in cloth? O a) Portugal b) England 10 30…arrow_forwardThe fictional country of Anastialia is a small country with rich resources in minerals. In a day it can produce 100 pounds of silver or 50 pounds of copper. Another country, West Burma, can produce 25 pounds of silver or 5 pounds of copper in a day. From this data, which country has the comparative advantage in copper production by producing it at a lower opportunity cost? O Neither country has a comparative advantage. O Anastialia O West Burmaarrow_forward
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