Argentina has 100 million tons of soybeans and 80 million tons of wheat, Bolivia has 120 million tons of soybeans and 100 million tons of wheat, which of the following does Bolivia have the absolute advantage in production? 1. neither product, 2. soybeans, 3. wheat, 4. wheat and soybeans.

Indicate whether each of the following statements is true or false. Statement True False   1. There can be no gains from trade between two countries if one of them has an absolute advantage in the production of all goods.       2. Comparative advantage determines the gains from specialization and trade.       3. If a certain trade is good for one country, it can't be good for the other country.       4. Two individuals can benefit from specialization and trade if they agree upon a price that lies between their opportunity costs of producing the good.               5. When a country opens to trade, people working in industries producing goods that the country exports are harmed by the trade.

Give very short answer but ASAP just answer 1st part and if possible answer the 2 and 3rd part in short

Give typing answer with explanation and conclusion Which statement is true of tariff reductions? Question 15 options: a) Tariff reductions lead to increased foreign competition that undermines the welfare of a nation. b) Tariff reductions primarily benefit import-competing industries within a nation. c) Reciprocal tariff liberalization has quickly become widespread to support free trade. d) Tariff reductions can increase the overall welfare of a nation when affected industries are compensated for their losses.

If country ABC can produce a unit of good 1 by sacrificing fewer units of good 2 than can country​ XYZ, it is correct to say that country ABC   A. has a comparative advantage in producing good 1.   B. has an absolute advantage in producing good 1.   C. will not wish to trade good 1 with country XYZ.   D. will import good 1.

Please no written by hand

Assume workers in labour market M are qualified to work in an alternative competitive labour market N, and vice versa. What will happen to the wage rate and level of employment in market M if there is an increase in the demand for labour in market N?

DRAW THE INCREASING OPPORTUNITY CURVE WITH TANKS ON THE Y AXIS AND BUTTER ON THE X AXIS. NOW SHOW SEVERE RECESSION FOR TANKS AND BUTTER THAT SPEAKS FRENCH

2. Comparative and absolute advantage Yakov and Ana are farmers. Each one owns a 20-acre plot of land. The following table shows the amount of alfalfa and barley each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing alfalfa or barley or to produce alfalfa on some of the land and barley on the rest. Alfalfa Barley (Bushels per acre) (Bushels per acre) Yakov 20 Ana 28

The market for avocados in Santa Cruz has 5 local producers and 5 local "consumers" (each is actually a restaurant). Each producer can produce 1 avocado, and each consumer demands 1 avocado. The producers and consumers are: Table 1: Producer Cost |Amy's Farm $15 Ostrich Farm $6 Knott's Farm $14 Fambrini's Farm $9 JSM Organic Farms $10 Table 2: Willingness Consumer to pay Cafe Ivita $4 Avanti's $1 El Palomar $10 Olita's $9 Vim $5