A situation in which a country specializes in producing the goods it produces most efficiently and buys the products it produces less efficiently from other countries, even if it could produce the good more efficiently itself is referred to as Ricardo's Theory of Comparative Advantage (1817).
<u>Explanation:</u>
In 1817, David Ricardo introduced the classical hypothesis of comparative advantage, which contributed the reason and advantages of foreign trade to disparities in the relative price of opportunity (cost of certain goods giving up) of generating the same product between nations.
Oil exporting countries, for an instance, have a competitive advantage in chemicals. A regional oil, as opposed to nations without these, offers a cheap source of material for the chemicals. In the system of oil distillery a lot of the raw materials are made. As a consequence, Kuwait, Saudi Arabia and Mexico compete with US chemical manufacturing companies.
Answer: At the end of the fiscal year
Explanation: In simple words, adjusting entries refers to the entries that are made in the accounts at the end of the accounting for to recognize income and expenses that are not accurately recorded in the accounts.
These journal entries can only be made at the end of the year as the mistakes could only be identified after preparing and comparing all the statements relating to the company.
Apex answer= A. Current purchases!!! You're welcome to everyone struggling with apex. I ope i helped you all out
Answer:
Market penetration
Explanation:
Market penetration Is when the initial price of a new good or service is set really low. This is usually done to encourage consumers to demand for the product and to reduce the demand for competitors goods or services.
Market penetration is ususally done to gain market share and attract customers to a new product. After a period of time , prices would rise to normal levels.
Nintendo price was lower than Sega's price, it is expected that consumers would demand more of Nintendo and less of Sega games.
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Answer:
Market change risks, credit risks, and interest rate risks must all be taken into account. The only type of risk which does not apply are the environmental risks
