Ask Question
BusinessBusiness
28 October, 13:46

At which of the following prices, if any, can India and Indonesia both gain from trade? a. 1/5 units of bananas per unit of rice. b. 1/3 units of bananas per unit of rice. c. 3/5 units of bananas per unit of rice. d. None of the above.

+3
Answers (1)
  1. 28 October, 17:34
    0
    The correct answer is c. 3/5 units of bananas per unit of rice.

    Explanation:

    Bananas are mainly produced in Africa and Latin America, while other types of bananas are grown in Africa and Asia. Latin America is the first region in terms of Cavendish production, followed by Asia. Most of the other bananas for dessert are grown in Latin America and Asia. The world's leading producer of Cavendish bananas is India, followed by Ecuador, China, Colombia and Costa Rica. These 5 countries together represent more than half of Cavendish's world production.

    The international banana trade is mainly based on the export of Cavendish bananas. Cavendish replaced Gros Michel in international trade due to its resistance to Panama's disease and its higher productivity (up to 60 tons per hectare in modern plantations). Cavendish bananas destined for export markets are produced all over the world today, both in small farms and in large plantations of thousands of hectares.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “At which of the following prices, if any, can India and Indonesia both gain from trade? a. 1/5 units of bananas per unit of rice. b. 1/3 ...” 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
Instructions A. On March 1, Check is issued to establish a petty cash fund of $1,050. B. On April 1, the amount of cash in the petty cash fund is now $106.
Answers (1)
True or false? The best way to choose the right social media tool is to think about your business goals, then narrow down your choices based on that goal criteria.
Answers (1)
Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances Cash $ 3,600 Salaries expense 1,300 Accounts payable 1,600 Retained earnings 4,700 Utilities expense 1,100 Supplies 12,000 Service revenue 7,500 Common
Answers (1)
Read, Inc. instituted a new process in October 2008. During October, 10,000 units were started in Department A. Of the units started, 8,000 were transferred to Department B, and 2,000 remained in Work-in-Process at October 31, 2008.
Answers (1)
When her salespeople bring in five new customers, marissa gives them a $1,000 payment. this is an example of a?
Answers (1)
New Questions in Business
What's joint venture?
Answers (1)
Which statement is false? A) Land is the primary factor of production used in the production of all goods and services. B) An entrepreneur combines all the factors of production. C) Growth in the economy shifts the PPC left.
Answers (1)
A short-run phillips curve shows an inverse relationship between
Answers (1)
Which of the following types of business usually has the fastest inventory turnover? furniture store hardware store store that sells consumer electronics grocery store
Answers (2)
A Gantt chart is a horizontal bar chart that shows each work activity on a separate line with the bar placed from the early start date to the early finish date for each activity on a timescale. 1. True 2. False
Answers (1)
Home » Business » At which of the following prices, if any, can India and Indonesia both gain from trade? a. 1/5 units of bananas per unit of rice. b. 1/3 units of bananas per unit of rice. c. 3/5 units of bananas per unit of rice. d. None of the above.
Sign Up Forgot Password?