Suppose the nation of canada forbids international trade. in canada, you can obtain a hockey stick by trading 5 baseball bats. in other countries, you can obtain a hockey stick by trading 8 baseball bats. these facts indicate that:
1. if canada were to allow trade, it would export hockey sticks.
2. canada has an absolute advantage, relative to other countries, in producing hockey sticks
3. canada has a comparative advantage, relative to other countries, in producing baseball bats.
4. all of the above are correct.
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Ответ:
3. Canada has a comparative advantage, relative to other countries, in producing baseball bats.
Explanation:
Comparative advantage is the ability of the country to produce good or services for a lower opportunity costs for example the oil producing countries have comparative advantage in chemicals.
Options 1,2 and 4 are incorrect .
Absolute advantage is the ability of a country or region to produce greater quantity of units with the same no of inputs in the same time.
Ответ:
Fv=1,200×(((1+0.07)^(49)−1)÷(0.07))Fv=454,798.80
Hope it helps!