Suppose That the Productivity Per Worker in the Good X

question 59

Short Answer

Suppose that the productivity per worker in the Good X and Good Y industries of Country A and Country B are as follows:
In order for there to be no gains from trade,what would the Country B productivity per worker in the Good X industry need to be?

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Definitions:

Current Liabilities

Short-term financial obligations that are due within one year or within the normal operating cycle of the business.

Payroll Processor

An individual or service company responsible for managing the calculation, distribution, and reporting of employees' wages and salaries.

Time Sheets

Time sheets are records used to track the amount of time an employee has worked, often used for payroll or billing purposes.

Internal Control

A process designed to ensure the reliability of financial reporting, compliance with laws and regulations, and the effectiveness and efficiency of operations.