Suppose that Country A can produce 6060 bags of sugar or 3030 bags of flour per worker hour. Country B can produce 4040 bags of sugar or 1010 bags of flour per worker hour. Assume that there is 100%100% specialization, and each country has 55 worker hours. If each country specializes in its comparative advantage, calculate the quantity of the good that Country B should produce.

Q: Bahrain and Bhutan each have 10,000 hours of labor per month. In Bahrain,producing one pound coffee…

A: International trade refers to the import and export of goods and services among different countries…

Q: England and Scotland both produce scones and sweaters. Suppose that an English worker can produce 50…

A: Resources are limited in any economy, but wants are limitless. As a result, a decision must be taken…

Q: Using the following data, decide which country has comparative advantage for which good:   good x…

A: Theory of comparative advantage was given by David Ricardo. According to David Ricardo gains from…

Q: If there is trade, which of the following is most likely?    A. A country’s consumption…

A: Trade means the exchange of goods and services.

Q: When a country has a comparative advantage in producing a certain good, A: the country should…

A: A country/nation has a comparative advantage in the generation of a specific product in which he is…

Q: Which of the following best represents the benefit of trade based on comparative advantage? (a)…

A: Trade around the world is considered one of the most important activities, which assists in the…

Q: Which goods will a nation typically import? a. those goods in which the nation has an absolute…

A: Imports are the goods and services which are made in a foreign country and consumed in the domestic…

Q: Assume that our world consists of only two countries: the United States and the Rest of the World…

A: US opportunity cost of producing 1 computer and in US can be calculated as follows: Thus, the…

Q: Brazil Mexico Soya per unit of labor 0.05 0.02 Corn per unit of labor 1.25 1.40 Which…

A: Answer: Given:

Q: Who has the absolute advantage in the production of cars?   Who has the absolute advantage in the…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three subparts…

Q: In Country T, it takes 10 resources to produce 1 ton of cocoa and 13.5 resources to produce 1 ton of…

A: It might be argued that if countries used the concept of comparative advantage to choose what…

Q: Countries have different endowments of factors of production which leads to the law of comparative…

A: Factors of production: - The inputs that are used to produce goods and services are known as the…

Q: If there are two provinces (A and B) that can produce two goods (X and Y), such that province A can…

A: Province A produces 2 goods X and Y such that : It can produce 90X or 10Y Province B produces 2…

Q: Suppose there are two countries Peru and Japan that produce Food and Fuel. Peru can produce 7,523…

A: According to Ricardian Theory, international trade is beneficial not only if the two countries have…

Q: The law of comparative advantage in trade typically applies only to trade between nations and favors…

A: Comparative advantage is when one party can produce goods with lower opportunity cost. Now this…

Q: Which goods will a nation typically import? a. those goods in which the nation has an absolute…

A: A country has a Comparative advantage when the opportunity cost (OC) of producing a good or service…

Q: Which country has the comparative advantage in production of Good A?

A: David Ricardo propounded the theory of comparative cost advantage. He has given detailed it in his…

Q: A person or nation that has a comparative advantage in the production of a good, should A)…

A: Comparative Advantage means a country has some advantage in cost of production as compared to the…

Q: If each country specializes in the good in which it has a comparative advantage,....will gain from…

A: Introduction According to comparative advantage, countries will trade with others, exporting…

Q: The principle of comparative advantage states that countries should specialize in the production of…

A: International trade is the commercial transactions between countries that take place. Consumer…

Q: Arcadia's opportunity cost of producing 1 bushel of corn is of jeans, and Dolorium's opportunity…

A: Country Corn Jeans Arcadia 5 10 Datorium 4 16

Q: Suppose there are two countries Peru and Japan that produce Food and Fuel. Peru can produce 7,523…

A: ANS Peru can produce 7523 units of food or 17853 fuel using 8000 labor. Therefore in Peru each labor…

Q: If country ABC can produce a unit of good 1 by sacrificing fewer units of good 2 than can country​…

A: Comparative advantage refers to the ability to produce the good in a country at lower opportunity…

Q: If one country can produce a good with fewer resources than another country, this is calleda.…

A: Specialization:- Specialization is a manufacturing approach in which an organization pay more…

Q: Which country has the comparative advantage in production of Good B? Group of answer choices…

A: Comparative advantage can be defined as the situation when one country has low absolute disadvantage…

Q: The United States produces 8 units of lumber and 8 automobiles. Canada produces 4 units of lumber…

A: lumber automobiles united states 8 8 canada 4 2 united states has an absolute advantage in…

Q: American worker takes 20 hours to produce one computer and 300 hours to produce an RV. A Japanese…

A: A American worker takes 20 hours to produce one computer and 300 hours to produce an RV A Japanese…

Q: Japan can use all of its resources to produce 100 videos or 400 shoes. China can use all of its…

A: The information given can be represented as below:

Q: Assume that an American worker can produce 5 cars per year or 10 tons of grain per year, whereas a…

A: 1. The absolute advantage is the ability of a country to produce more quantity of output than the…

Q: The primary benefit that results when a nation employs its resources in accordance with the…

A: The absolute advantage of a country is the ability to produce commodities in large quantities than…

Q: The table below shows the maximum output levels for Here and There. Cloth Computers Here 110 or 60…

A:

Q: Assume that there are two countries, Country A, which earns $5,000 per capita GDP, and Country B,…

A: Comparative advantage: A country is said to be experiencing comparative advantage over another…

Q: According to the Absolute and Comparative Advantage, which option is correct? the country with…

A: The ability of a nation to create goods and services at a lower opportunity cost rate than other…

Q: Suppose that in an hour an American worker can produce 200 clothes or 20 cars, while a Brazillian…

A: The international trade can be beneficial if the theories support the requirements by a country. The…

Q: Which of the following statements regarding absolute and comparative advantage is true? A. A nation…

A: Trade between two countries benefits both countries. Absolute Advantage refers to the ability of…

Q: With a given amount of labor and other resources, producers in the nation of Germany can produce…

A: Opportunity cost of producing sedans in germany=SUV sacrificedSedan producedOpportunity cost of…

Q: The only two countries in the world, Alpha and Omega, face the following production possibilities…

A:

Q: An average worker in Brazil can produce an ounce of soybeans in 20 minutes and an ounce of coffee in…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Suppose that an hour of work in Brazil can produce 1 pound of coffee or 4 pounds of sugar. In…

A: Hey, Thank you for the question. According to our policy, we can only answer 3 subparts per…

Q: Susan can brew 5 gallons of root beer in an hour or she can make 4 pizzas in an hour. Becky can brew…

A: Opportunity cost (OC) of 5 Beers is 4 Pizzas for Susan. Therefore, Opportunity cost of 1 beer will…

Q: According to the concept of comparative advantage, a good should be produced in that nation where:…

A: When a participant could generate anything at a cheaper price than someone else individual has a…

Q: Give three examples of trade in servieces and explain how comparative advantage may play a role in…

A: Trade in services: It generally refers to Sale and Purchase of all the Non material or intangible…

Q: Which country has the comparative advantage in production of Good B? Group of answer choices:…

A: Having a comparative advantage in the production means that the individual or country can produce it…