If the usa could produce 1 ton of potatoes
Webr 20 Random on 1 1 / 1 point If the USA could produce 1 ton of potatoes or 0.5 tons of wheat per worker per year, while Ireland could produce 3 tons of potatoes or 2 tons of wheat per worker per year, there can be mutual gains from trade if: a) The USA specializes in wheat because of its comparative advantage in producing wheat.
If the usa could produce 1 ton of potatoes
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Web1 mrt. 2024 · By contrast, the opportunity cost of making potatoes is much smaller: 1 ÷ 2 = 0.5. By contrast, India can produce either 80 kilograms of wheat or 100 kilograms of potatoes. So 80kg of wheat = 100kg of … Web25 jul. 2024 · answers to question: If the USA could produce 1 ton of potatoes or 0.5 tons of wheat per worker per year, while Ireland could produce 3 tons of potatoes or 2 tons of wheat per worker per year, there can be mutual gains from trade if: - …
WebEach week, American sellers produce 500 pounds of potatoes Suppose Ontario can produce wheat at $1 per bushel and corn at $3 per bushel, and Quebec can produce wheat at $4 per bushel and... WebIf the USA could produce 1 ton of potatoes or 0.5 tons of wheat per worker per year, while Ireland could produce 3 tons of potatoes or 2 tons of wheat per worker per year, …
WebSave Question 34 (1 point) If the USA could produce 1 ton of potatoes or 0.5 tons of wheat per worker per year, while Ireland could produce 3 tons of potatoes or 2 tons of wheat per worker per year, there can be mutual gains from trade if: The USA specializes in potatoes because of its comparative advantage in producing potatoes OThe USA … WebIf the USA could produce 1 ton of potatoes or 0.5 tons of wheat per worker per year, while Ireland could produce 3 tons of potatoes or 2 tons of wheat per worker per year, …
Web20 aug. 2024 · If the USA could produce 1 ton of potatoes or 0.5 tons of wheat per worker per year, while Ireland could produce 3 tons of potatoes or 2 tons of wheat per worker per year, there can be mutual gains from trade if:A. The USA specializes in potatoes because of its comparative advantage in producing potatoes. B.
WebIf the USA could produce 1 ton of potatoes or 0.5 tons of wheat per worker per year, while Ireland could produce 3 tons of potatoes or 2 tons of wheat per worker per year, … crusty bump on eyelidWebIf the USA could produce 1 ton of potatoes or 0.5 tons of wheat per worker per year, while Ireland could produce 3 tons of potatoes or 2 tons of wheat per worker per year, there can be mutual gains from trade if: A. The USA specializes in potatoes because of its comparative advantage in producing potatoes. B. crusty bump on foreheadWebQuestion 7 1 / 1 pts If the USA could produce 1 ton of potatoes or 0.5 tons of wheat per worker per year, while Ireland could produce 3 tons of potatoes or 2 tons of wheat per … bulbs that look like flamesWebExhibit 15-3 Potatoes and wheat output (tons per day) In Exhibit 15-3, the United States has an absolute advantage in producing: both. potatoes. neither. wheat. Expert Solution Want to see the full answer? Check out a sample Q&A here See Solution star_border Students who’ve seen this question also like: Economics For Today crusty bumps on dogs backWebIf the USA could produce 1 ton of potatoes or 0.5 tons of wheat per worker per year, while Ireland could produce 3 tons of potatoes or 2 tons of wheat per worker per year, … crusty bump on headWeb24 jul. 2024 · 1 ton of potatoes = 0.66 This shows the opportunity cost in the USA is lower and this represents a comparative advantage as less is lost when potatoes are chosen over wheat. Thus, to benefit both countries the USA should specialize in potatoes due to the higher comparative advantage or lower opportunity cost. Advertisement New questions … crusty bump on dogs backWebQUESTION 17 If the United States could produce 1 ton of potatoes or 1 ton of wheat per worker per year, while Ireland could produce 3 tons of potatoes or 2 tons of wheat per worker per year, there can be mutual gains from trade if: a, the United States specializes in potatoes because of its comparative advantage in producing potatoes b. the … crusty bump on nose