# Quick Answer: Refer To Table 3-34. For Which Good(s) Does Indonesia Have A Comparative Advantage?

## For which good does Indonesia have a comparative advantage?

Revealed Comparative Advantage (RCA) suggests that Indonesia exports manufacture good that specialize in natural resource-intensive and unskilled labor-intensive, that has slower world demand growth compared to those commodities with high technology-intensive.

## Which of the following combinations of cheese and wine could France produce in 40 hours quizlet?

Which of the following combinations of cheese and wine could France not produce in 40 hours? If France has 40 labor hours available, then if it produces 1 unit of cheese, this leaves 40 – (8 x 1) = 32 hours left to make wine, which means it can also make 16 units of wine.

You might be interested:  Question: How Do U Say Why Do You Ask If Im Drunk Indonesia?

## What is opportunity cost of producing 1 unit of cheese for England?

Answer and Explanation: According to the table, the opportunity cost of 1 unit of cheese in England is c. 1/2 bread.

## What is Canada’s opportunity cost of producing 1 skyscraper?

What is Canada’s opportunity cost of producing 1 skyscraper?Canada’s opportunity cat of producing 1 skyscraper is 4/3 space shuttles.

## Which good S does Denmark have an absolute advantage producing?

Refer to Table 3-35. Which good(s) does Denmark have an absolute advantage producing? neither ham nor eggs.

## How is opportunity cost calculated?

The formula for calculating an opportunity cost is simply the difference between the expected returns of each option.

## When a country has a comparative advantage in the production of a good?

Transcribed image text: When a country has a comparative advantage in the production of a good, it means that it can produce this good at a lower opportunity cost than its trading partner. Then the country will specialize in the production of this good and trade it for other goods.

The statement ‘ Trade can make every nation better off’ is the most accurate statement

## Which types of models are built with assumptions?

Economic models are built with assumptions. Economic models are often composed of equations and diagrams.

## When two countries trade with one another it is most likely because?

Question: When two countries trade with one another, it is most likely because a. the wealthy people in each of the two countries are able to benefit, through trade, by taking advantage of other people who are poor.

You might be interested:  Readers ask: What Is The Name Of The Fabric Paintings In Indonesia?

## What must be given up to obtain an item is called?

Economists use the term opportunity cost to indicate what must be given up to obtain something that’s desired. The idea behind opportunity cost is that the cost of one item is the lost opportunity to do or consume something else; in short, opportunity cost is the value of the next best alternative.