0
Assume the US can use a given amount of its resources to produce either 20 airplanes or 8 automobiles and Japan can employ the same amount of its resources to produce either 20 airplanes or?
Wiki User
∙ 14y ago
...or 8 automobiles. If the material is the same amount; the product will be the same amount. The ONLY difference will be quality (not quantity). Japan is forced to build better machines because being an "island" and "depending" upon imports they will starve "if" their products don't sell. The US does NOT depend upon imports (physically; it has the land to survive, but not the financial interest to produce it's own material) and could survive on it's own with or without foreign business.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
How can a country can achieve some combination of goods outside its production possibilities curve by?
The easiest way is by freely trading with other countries freely. This is illustrated in the theory of competitive advantage. For example take American and say Mexico. Assume that there are two goods, corn and automobiles. Assume that Mexico is really good (efficient) at producing automobiles but not good at producing corn. Assume that America is really good at producing corn but not good at producing automobiles. When Mexico and America aren't trading, they are bound by their own individual PPCs. When they start trading, Mexico would want more cars (because they aren't good at making them) and thus start trading their corn (which they are really good at making) for the cars that America is really good at making. By doing this they are able to use their efficient production of corn to acquire a good that they would otherwise not be able to manufacture very efficiently. This is the same as if they could produce cars with the same efficiency as they could produce corn (because they would be able to convert corn into cars). America would see the same effect just reversed (cars instead of corn). Thus, they would be able to achieve a combination of goods outside of their own PPC.
Which of these does not describe a weak economy?
The government will assume a contractionary fiscal policy position.
What are some characteristics of a sustainable economy?
Sustainable flow of manpower and natural resources as well as strict regulation of demand and supply of money (checking inflation and deflation) are the most important traits of a sustainable economy. It should not be based on insane models that assume the possibility of infinite growth.
Economists normally assume that the goal of a firm is to?
yh
What do economists assume the principal motivation of producers are?
Profit.
Can Harry Potter wands be carried on to airplanes?
I would assume so, yes :D
What equipment comes from Portugal?
You name it, we produce it. I assume your talking about electronics.
What are the resources in the state of Georgia?
There are many resources in the state of Georgia.....but I assume you are talking about natural resources. Talc Kaolin Coal Pine Corn Cotton Watermelons Vidalia Onions Limestone Marble Granite and Many More....
How can a country can achieve some combination of goods outside its production possibilities curve by?
The easiest way is by freely trading with other countries freely. This is illustrated in the theory of competitive advantage. For example take American and say Mexico. Assume that there are two goods, corn and automobiles. Assume that Mexico is really good (efficient) at producing automobiles but not good at producing corn. Assume that America is really good at producing corn but not good at producing automobiles. When Mexico and America aren't trading, they are bound by their own individual PPCs. When they start trading, Mexico would want more cars (because they aren't good at making them) and thus start trading their corn (which they are really good at making) for the cars that America is really good at making. By doing this they are able to use their efficient production of corn to acquire a good that they would otherwise not be able to manufacture very efficiently. This is the same as if they could produce cars with the same efficiency as they could produce corn (because they would be able to convert corn into cars). America would see the same effect just reversed (cars instead of corn). Thus, they would be able to achieve a combination of goods outside of their own PPC.
Which of these does not describe a weak economy?
The government will assume a contractionary fiscal policy position.
What hormones do female ovaries produce?
i assume estrogenOvaries produce Oestrogen, the female sex hormones
What kind of cars did greasers drive in the 1960s?
I assume you mean people who lubricate automobiles with grease . . . ? The '57 Chevy was pretty hot, then.
A random sample of 81 automobiles traveling on an interstate showed an average spee dof 60mph and a standard deviation of 13.5mph Assume the distribution of speeds of all the cars is normal?
13.5/sqrt of 81 = 13.5/9 = 1.5
How many barrel of oil does cameroon produce daily?
77,310 (YE 2010). I don't know if there are a net importer though - I assume so
How can Edward get Bella pregnant if he is dead and unable to produce fluids to cry?
I wonder this all the time. I assume it was a plot-hole made by Stephenie Meyer.
How many volts does a voltage regulator for a big twin harley engine produce?
I will assume you are serious. It doesn't produce volts. It simply limits them. It should allow up to 14.3 or so and shut off when the battery is fully charged.
Why it is reasonable to assume that it is cheaper per unit to produce a lot in comparison to only a few?
It is because the fixed costs can be divided between a larger number of units produced.
