首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
The table below shows the bushels of wheat and the yards of cloth that the United States and Britain can produce with one hour o
The table below shows the bushels of wheat and the yards of cloth that the United States and Britain can produce with one hour o
admin
2011-01-15
60
问题
The table below shows the bushels of wheat and the yards of cloth that the United States and Britain can produce with one hour of labor time.
(a)Please identify the commodity in which the U.S. and Britain have an absolute advantage or disadvantage?
(b)Indicate the commodity in which the U.S. and Britain have a comparative advantage or disadvantage?
(c)If the two countries are to trade with each other, which goods should they expert? Why?
(d)Would trade benefit both of them? Why?
选项
答案
(a)The table shows that the U.S. has absolute advantage in producing both goods, six times as efficient as Britain in producing cloth, but only three times in producing wheat. (b)The U.S. has a relative or comparative advantage in producing cloth. The reason is that the opportunity cost of 1 yard of cloth is 1 bushel of wheat in the U. S., but higher in Britain at 2 bushels of wheat. Similarly Britain has a comparative advantage in producing wheat since the opportunity cost of 1 bushel of wheat is 0.5 yard of cloth in Britain, but higher in the U. S. at 1 yard of cloth. (c)According to (b), the U.S. should export cloth and Britain wheat if the two commies are to trade with each other. The reason: The law of comparative advantage states that if each country specializes in the products in which it has the greatest comparative advantage, trade will be beneficial to all concerned.
解析
转载请注明原文地址:https://kaotiyun.com/show/Y3Yd777K
0
中级(经济学)
原金融专业英语(FECT)
金融英语(FECT)
相关试题推荐
A、ColorandBusinessB、PeopleandColorC、BrightColorandDarkColorB
MsBlackdoesn’tmeanthatSusanistherightpersonforthejob,______she?
Mr.Blackwasyoungandable.Thebosslikedhim.LastmonthhewassenttoChinaonbusiness.BeforehewentbackfromChina,h
[A]year[B]winter[C]summer[D]passport[E]umbrella[F]medicine[G]newspaperItisthewarmestseasonbetweenspringand
NarberthLibraryoffersyoupleasurereadingandagreatnumberofinformationservices.TheLibrarywasbuiltin1921byamemb
Whatglobalelectronicbankingservicescanbusinesscustomersobtainfrombanks?
Certificatesofdepositsarenotnegotiableunlesstheyareinadeliverablestate.
Writeshortnoteson:(a)Whatmusttheplaintiffproveinordertosucceedinmiactionofnegligence?(b)Explainthedefences
A、Creditcard.B、Passport.C、Traveler’scheques.D、I.D.card.C根据男士的问话可知他丢失了旅行支票,想知道女士是否可以为他联系支票发行方,要求偿还支票款项。
MOVIESRatingsoutof5INTHEMINOTAUR’SMAZEThismoviebelongstoacompletelynewgenreperhaps.It’sahistoricalhorrormo
随机试题
女性,3岁,近两个月出现皮肤黄染,腹痛,食欲下降,有时发热,体温达38.5℃,发热时黄疸加重,应用抗生素后缓解。查体:体温38.3℃,发育良好,皮肤巩膜黄染,心肺无异常。腹软,右上腹触及一肿物,直径3cm,有触痛,肝肋下2cm,脾肋下未及。血WBC16.0
接受者将通道中加载的信息翻译成他能够理解的形式,这属于沟通过程的
在配对t检验中
A.崩漏B.经期延长C.月经后期,D.月经先后无定期E.月经先期,月经过多
两个以上法人或者其他组织组成联合体投标时,国家有关规定或者招标文件对投标人资格条件有规定的,联合体的资质应符合()。
招标人确定投标文件提交截止时间时,应充分考虑投标人编制投标文件所需要的时间,自招标文件开始发出之日起至投标人提交投标文件截止之日止,最短不得少于()日。
我国外商直接投资的形式有()。
中国居民张某2015年3月在市区内开办了一家餐馆和一个副食品加工店,均为个人独资企业。自行核算餐馆2016年度销售收入为400000元,支出合计360000元;副食品加工店2016年度销售收入为800000元,支出合计650000元。张某选择从副食品加工店
Whatisthispassageabout?
DNAsequencesfromsomeofthemostdeadlypathogens(病原体)knowntomancanbeboughtovertheInternet,theGuardianhasdiscover
最新回复
(
0
)