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- VARIABLE COSTS OF PRODUCTION UNDER THEORY OF COMPARATIVE COSTS, COMMENT ON THE GRAHAM'S VIEW?part g pleaseAccording to the theory of comparative advantage, a country exports goods when it can produce those goods countries. Select one: OA. at a higher opportunity cost OB. using more resources OC. at a lower opportunity cost OD. using fewer resources than other
- Question 1Assume that during the years 2022 to 2025 Woodland Republic could produce only two commodities: tractors and rice. Also, assume that Woodland Republic can procuce at any of the positions represented by the production possibility schedule below. ABCDEFGH Tractors 02479111314 Rice (in tons)1009585706050300 Suppose in 2022 the economy is producing at point D. What is the opportunity cost of producing 6 more tractors in 20237. What is the law of comparative advantage? According to the law of comparative advantage, what should be the distin- guishing characteristics of the goods a nation produces? What should be the distinguishing characteristics of the goods a na- tion imports? How will international trade influence people's production levels and living standards? Explain. 15solve this macroeconomics question, i have attached all details.
- (A) what percentage of this total was produced by the three largest economies shown in this bar graph? (b)what percentage of this total was produced by the three smallest economies shown in this bar?Please explain why the answer is false. Specializing in its comparative advantage and trading with other nations benefit a country in terms of its total output but not individuals when it comes to their wages.a.Trueb.FalseRemember: free trade is not free-it requires constant efforts and sacrifices to demonstrate, safeguard, and advance the gains from such trade. Which implication is this related to for savvy managers? a. that comparative advantage is not fixed b. that political realities emphasize the institution-based view O O c. location, location, location d. managers needing to be politically savvy
- Which is NOT TRUE regarding the diffusion of the printing press and printed books in Europe? O It helped the free exchange of ideas. O It helped facilitate the Italian Renaissance. It increased the importance of clergy in the production of knowledge, since they owned the presses. It helped destabilize traditional society. O Printing brought literacy to adults, especially males as female literacy lagged far behind.Germany 300 900 T-shirts per year Turkey 500 250 T-shirts per year The opportunity cost of producing an optical instrument in Germany is| t-shirts per year. Optical instruments per year Optical instruments per year