Answer: b. International trade allows a country to specialize in items that can be produced most efficiently in that country.
Explanation:
Adam Smith with his Absolute Advantage theory, David Ricardo and his Comparative Advantage theory and the Heckscher-Ohlin theories believed that goods should be purchased from Countries that are more efficient in producing said goods so that the resources in the buying country can be channelled towards producing the good that the country can produce efficiently as well.
They believe this to be the foundation of global trade and that each country stands to gain if they buy the goods they are less efficient at producing and sell the goods that they are more efficient at producing. This way resources are properly channelled in an Economy and both countries involved in the trade can achieve high Economic growth as they are utilising their resources efficiently.
Answer:
4*0.07=energy use per day(x)
(x)*30=energy use in thirty days (y)
Therefore
X=$0.28
Y=$8.4
Explanation:
Based on the fact that the increase in investment led to such an increase in equilibrium expenditure, then the expenditure multiplier can be found to be E. $40 billion ÷ $10 billion = 4.
<h3>How to find the expenditure multiplier?</h3>
The expenditure multiplier shows how much expenditure will increase by, as a result of an increase in investment or other factors that bring about a cash injection into the economy.
The expenditure multiplier in this case, can be found by the formula:
= Equilibrium expenditure / Increase in investment
Solving for the Expenditure multiplier gives:
= 40 billion / 10 billion
= 4
Options for this question include:
- A. $10 billion $40 billion = - $30 billion.
- B. $40 billion $10 billion = $30 billion.
- C. $10 billion x $40 billion = $400 billion.
- D. $10 billion ÷ $40 billion = 0.25.
- E. $40 billion ÷ $10 billion = 4
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Answer:
A target customer profile is simply a specific group of customers most likely to respond positively to your promotions, products, and services. 4 points regarding the nature of target customers:
- What kind of people we’re looking?
- Where to find them?
- What our customers want from our brand, to adapt our value proposition so that our brand is relevant to a specific need or problem?
- How they compare and choose products to adjust marketing campaigns to make our offering seem the most compelling?
Digital marketing has led to the growing importance of ‘Persuasive function of Promotion' because customers can learn about promotions from home and even compare the campaigns.
Explanation:
Persuading function of Promotion is to motivate customers to buy products under promotion due to intense competition among different industries producing similar types of products.
Answer:
The correct answer is C)
Explanation:
Given that the price for bananas is cheaper in Guatemala, suppliers will be driven to make a quick profit just by buying from the Guatemalan market to sell in the Honduras economy.
This, however, will cause the prices of bananas to rise in Guatemala. Because, according to the basic principles of economics, the higher the demand the higher the price.
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