Indicate weather each of the following statements is true or 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.

How does your household gain from specialization and comparative advantage? (what is produced, what is not produced yet paid to a specialist to produce? )

Wilson center is a private not-for-profit voluntary health and welfare entity. during 2017, it received unrestricted pledges of $638,000, 65 percent of which were payable in 2017, with the remainder payable in 2018 (for use in 2018). officials estimate that 14 percent of all pledges will be uncollectible. a. how much should wilson center report as contribution revenue for 2017? b. in addition, a local social worker, earning $20 per hour working for the state government, contributed 600 hours of time to wilson center at no charge. without these donated services, the organization would have hired an additional staff person. how should wilson center record the contributed service?

Parks corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. the investment would provide cash inflows of $2,000 per year for six years. the working capital would be released for use elsewhere when the project is completed. if the company's discount rate is 10%, the investment's net present value is closest to (ignore income taxes) ?