WebIf the USA could produce 1 ton of potatoes or 0.5 tons of wheat per worker per year, while Ireland could produce 3 tons of potatoes or 2 tons of wheat per worker per year, there can be mutual gains from trade if: Multiple Choice Q13 Web12 dec. 2024 · The opportunity cost of producing 1 ton of wheat in the USA is 0.5 tons of potatoes, while the opportunity cost of producing 1 ton of wheat in Ireland is 2 tons of potatoes. Since the USA has a lower opportunity cost of producing wheat, it is more efficient at producing wheat than Ireland.

if the usa could produce 1 ton of potatoes or 0.5 tons of wheat …

http://www.starch.dk/isi/starch/tm5www-potato.asp Web1 mrt. 2024 · By contrast, the opportunity cost of making potatoes is much smaller: 1 ÷ 2 = 0.5. By contrast, India can produce either 80 kilograms of wheat or 100 kilograms of potatoes. So 80kg of wheat = 100kg of … modified block format business letter sample

If the USA could produce 1 ton of potatoes or 0.5 tons of wheat …

WebEach week, American sellers produce 500 pounds of potatoes Suppose Ontario can produce wheat at $1 per bushel and corn at $3 per bushel, and Quebec can produce wheat at $4 per bushel and... WebIf the USA could produce 1 ton of potatoes or 0.5 tons of whoat per workor por your, while Ireland could produce 3 tons of potatoes or 2 tons of whoat per worker per year, … WebQUESTION 17 If the United States could produce 1 ton of potatoes or 1 ton of wheat per worker per year, while Ireland could produce 3 tons of potatoes or 2 tons of wheat per worker per year, there can be mutual gains from trade if: a, the United States specializes in potatoes because of its comparative advantage in producing potatoes b. the … modified black swan class