Ask Question
BusinessBusiness
25 February, 01:41

How would a strong U. S. dollar impact the trade of grain produced in the United States?

U. S. grain exports decrease

U. S. grain exports increase

U. S. grain imports decrease

U. S. grain imports stagnate

Two countries produce milk and dairy products efficiently. Neither has an absolute advantage. However, Country A exports milk to Country B, and Country A imports cotton from Country B. Which of the following is inferred?

The opportunity cost of producing milk is lower for Country A.

The opportunity cost of producing cotton is higher for Country B.

Country A has a natural resource advantage in cotton.

Country B has a natural resource advantage in milk.

+2
Answers (1)
  1. 25 February, 04:52
    0
    When a country has a strong currency, generally its export decreases - this is the answer to the first question.

    Imagine, a tone of rice costs 100 dollars, that is 100 pounds. With a strong dollar, it's 120 pounds now - the British will be able to afford less of US rice now!

    About the second question - I think that if neither has an absolute advantage, this also likely means that neither has more natural resources.

    now, country A exports milk to country B, which means that it's cheaper to produce milk in the country A. Therefore, the answer " The opportunity cost of producing milk is lower for Country A" is correct.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “How would a strong U. S. dollar impact the trade of grain produced in the United States? U. S. grain exports decrease U. S. grain exports ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Tyare Corporation had the following inventory balances at the beginning and end of May:May 1 - May 30Raw materials : $ 30,500 - $ 40,000Finished Goods : $ 80,000 - $ 76,000Work in Process : $ 18,500 - $ 17,270During May, $63,500 in raw materials
Answers (1)
Calculate the single risk premium (to 2 decimal places) to be charged today on an insurance product that pays regular claims of $500 in 1,2,3, ...,25 years from today. Use an interest rate of 4% per annum.
Answers (1)
What is the angle (degrees) of the central and lateral limbs of a simple z-plasty that allows for transposition of the flaps, with optimal balance between scar lengthening and skin flap ease of closure with minimal tension?
Answers (1)
Which one of the following is a non-profit financial intermediary? a. leasing company b. mutual fund c. credit union d. investment bank
Answers (1)
An investment will pay $ 287 comma 280 at the end of next year for an investment of $ 190 comma 000 at the start of the year. If the market interest rate is 8 % over the same period, should this investment be made?
Answers (1)
New Questions in Business
Which of these is not a factor you need to consider when choosing a bank? a. The number of ATM machines b. Branch locations c. How often you need access to your money d. The amount of money you paid in income taxes last year
Answers (1)
A margin of safety of 30% means that every dollar in revenue generated thirty cents in profit. A. True B. False
Answers (1)
Which of the following groups has the responsibility for identifying and deciding the appropriate accounting treatment for recording or disclosing contingent liabilities? A) Auditors B) Legal counsel C) Management D) Management and the auditors
Answers (1)
who talked about this clue "it will gain you more knowledge, intensify your soft skills, strong work ethics and grow your network" what is it?
Answers (1)
Which of the following would most likely be classified as a current liability? a. bond payable b. two-year note payable c. mortgage payable d. unearned rent
Answers (1)
Home » Business » How would a strong U. S. dollar impact the trade of grain produced in the United States? U. S. grain exports decrease U. S. grain exports increase U. S. grain imports decrease U. S.
Sign Up Forgot Password?