Examlex

Solved

-Refer to Table 3-6

question 160

Multiple Choice

  -Refer to Table 3-6. Denmark and Italy trade according to the principle of comparative advantage. If the international price of bread is 2.5 units of cheese for 1 unit of bread, what is the gain from trade to Denmark per unit of bread traded? A)  0.5 units of cheese B)  1.5 unit of cheese C)  2.0 units of cheese D)  2.5 units of cheese
-Refer to Table 3-6. Denmark and Italy trade according to the principle of comparative advantage. If the international price of bread is 2.5 units of cheese for 1 unit of bread, what is the gain from trade to Denmark per unit of bread traded?


Definitions:

Aloneness

A state of being alone or isolated from others, which can vary in its emotional impact on an individual, from being a positive, introspective experience to a source of loneliness and discomfort.

Defining Characteristic

A feature or quality that distinctly identifies and distinguishes an individual, concept, or phenomenon.

Finiteness

The state or quality of having limitations or bounds; recognizing the limits of one's life, resources, or abilities.

Raise Consciousness

To enhance one's awareness or understanding about social, political, or personal issues, often leading to a collective shift in perspective or action.

Related Questions