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When does country X have a comparative advantage in the production of coffee?
Wiki User
∙ 13y ago
When they can produce it at a lower opportunity cost than other countries.
Wiki User
∙ 13y ago
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When does County X have a comparative advantage in the production of coffee?
Country X doesn't give up a more efficient form of production in order to grow coffee.
What is an example of a nation having an absolute advantage in the production of a product?
For example, Brazil has an absolute advantage over the United States in the production of coffee; the nations of the Middle East have an absolute advantage over the United States in the production of crude oil.
A pie graph the shows the main goods Florida produces?
Most of Florida's production comes in the form of livestock and crops. Some other exports include cotton cloth and coffee.
What would happen to the equilibrium price and quantity of coffee if the wages of coffee-bean pickers fell and the price of tea fell?
If the wages of coffee-bean pickers fell, coffee-bean companies would be able to hire more of them, because they could afford it. More workers can produce more coffee-beans, so supply increases. In this problem, it is implied that tea is a substitute good for coffee. If the price of tea fell, but the price of coffee stayed the same, people would switch to tea, to save a couple bucks. Demand for tea goes up, demand for coffee goes down.
How much did a cup of coffee cost in 1920?
The average cup of coffee cost 5 cents in 1920. Today, that same cup of coffee may cost as much as two dollars.
When does County X have a comparative advantage in the production of coffee?
Country X doesn't give up a more efficient form of production in order to grow coffee.
Which country leads in the production of coffee?
Brazil
What is an example of a nation having an absolute advantage in the production of a product?
For example, Brazil has an absolute advantage over the United States in the production of coffee; the nations of the Middle East have an absolute advantage over the United States in the production of crude oil.
What African country has the highest yearly coffee production?
Ethiopia
What country's World Bank ordered coffee production helped drop the global price of coffee beans?
HHH
What Central American country was a coffee republic?
El Salvador is the Central American country once known as the coffee republic. Even though coffee production has declined, it still remains an important commodity and economic product.
This country is noted for coffee and banana production and is located on the isthmus between North and South America.?
Panama.
What country is the leading exporter of coffee in Asia?
Vietnam is a leading coffee producer in Asia and also is the world's largest producer of Coffea Robusta species of coffee.
Which country in South America is known for emerald mining and coffee production?
every where but Uruguay, paraguay, Argentina and cape horn.
Which Peak near the Equator in East Africa shares its name with the country that is known for its game parks and coffee production?
Mount Kenya
How did the US coffee manufacturers resist competition from among the coffee-producing nations?
One key advantage was patented technology and consequently automated production on a huge (and therefore highly economical) scale. Eliminating much repetitive labor in loading and unloading
Which has the largest made coffee Brazil or US?
Brazil leads the world in coffee production.
