Business, 09.05.2020 18:57 kayranicole1

The following hypothetical production possibilities tables are for China and the United States. Assume that before specialization and trade the optimal product mix for China is alternative B and for the United States is alternative U.
China Production Possibilities
Product A B C D E F
Apparel 150,000 120,000 90,000 60,000 30,000 0
Chemicals (in tons) 0 30 60 90 120 150
U. S. Production Possibilities
Product R S T U V W
Apparel 50,000 40,000 30,000 20,0000 10,000 0
Chemicals (in tons) 0 20 40 60 80 100
c. What are the limits of the terms of trade?
units of apparel for 1 ton of chemicals and units of apparel for 2 tons of chemicals.
Suppose that the actual terms of trade are 1 unit of apparel for 1½ units of chemicals and that 20,000 units of apparel are exchanged for 30 units of chemicals. What are the gains from specialization and trade for each nation?
China has a gain of units of apparel.
The United States has a gain of tons of chemicals.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 01:00

Bond x is noncallable and has 20 years to maturity, a 7% annual coupon, and a $1,000 par value. your required return on bond x is 10%; if you buy it, you plan to hold it for 5 years. you (and the market) have expectations that in 5 years, the yield to maturity on a 15-year bond with similar risk will be 9.5%. how much should you be willing to pay for bond x today? (hint: you will need to know how much the bond will be worth at the end of 5 years.) do not round intermediate calculations. round your answer to the nearest cent.

Answers: 3

Answer

Business, 22.06.2019 03:50

John is a 45-year-old manager who enjoys playing basketball in his spare time with his teenage sons and their friends. at work he finds that he is better able to solve problems that come up because of his many years of experience, but while on the court, he finds he is not as good keeping track of the ball while worrying about the other players. john's experience is:

Answers: 1

Answer

Business, 22.06.2019 05:30

Find a company that has followed a strong strategic direction- state that generic strategy and the back-up points to support your position.

Answers: 1

Answer

Business, 22.06.2019 11:30

17. chef a says that garnish should be added to a soup right before serving. chef b says that garnish should be cooked with the other ingredients in a soup. which chef is correct? a. chef a is correct. b. both chefs are correct. c. chef b is correct. d. neither chef is correct. student c incorrect which is correct answer?

Answers: 2

Answer

You know the right answer?

The following hypothetical production possibilities tables are for China and the United States. Assu...

Questions