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NEW QUESTION: 1
The following table provides the output per labor unit for a pair of countries for two products.
Output/labor unit: Country X: Country Y
Bricks (thousand): 5: 6 Cement (tons): 3.5: 5
Which of the following statements can be supported on the basis of law of comparative advantage?
A. Country X should produce 0.70 tons of cement for every one thousand bricks, and country Y should produce 0.83 tons of cement for every thousand bricks.
B. Country X should produce cement and country Y should produce bricks.
C. Country X should produce bricks and country Y should produce cement.
Answer: C
Explanation:
The law of comparative advantage says that a country should specialize in the production of a good in which it has a relatively lower opportunity cost In the case country X's opportunity cost of producing thousand bricks is 0 70 tons of cement (= 3 5/5) lower opportunity cost. In the case, country X s opportunity cost of producing thousand bricks is 0.70 tons of cement ( 3.5/5). Country Y's cost of producing thousand bricks is 0.83 tons of cement (= 5/6). Given that country X has a lower opportunity cost of producing bricks, it should produce bricks and country Y should produce cement. They will both benefit from trade so long as the terms of trade are between 0.70 - 0.83 tons of cement per thousand bricks.
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You are administering a database that supports multiple applications, which make dedicated connections to the database instance by using different services.
You execute the command to enable tracing of the ORCL1service:
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C. An SQL trace file is generated for each of the modules using the ORCL1service.
D. SQL trace is enabled for all modules and actions for sessions mapped to the ORCL1service.
E. An SQL trace file is generated for each session that maps to the ORCL1service.
Answer: A,E
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