All categories

2 years ago

Is beyond the firm's capabilities to produce domestically but could be achieved by trading with another country?

1 answer:

4 0

Absolute advantage is beyond the firm's capabilities to produce domestically, but could be achieved by trading with another country.

<h3>What is Absolute advantage?</h3>

Adam Smith, an economist from the 18th century, introduced the idea of absolute advantage in his book The Wealth of Nations to explain how nations might profit from trade by specializing in producing and exporting the things that they can manufacture more successfully than other nations.

International trade is the trade where countries import and export the goods to the other countries so that all the countries have some resources.

Thus, it is absolute advantage.

For more details about Absolute advantage, click here:

brainly.com/question/13221821

#SPJ4

You might be interested in

Paul subscribes to an Internet service that alerts him whenever other firms in his industry are quoted in the media. This allows

Natalka [10]

<h2>Paul is using this type of marketing research primarily to monitor his competitors</h2>

Explanation:

One way the industry gets success is by keeping track of the activities of their competitors. One must stay updated about their industry and competitors to get the top position and to stay on top position for longer duration.

Now it is internet world, so, the internet allows the user to enable notification to keep the user updated. So in the same way Paul uses the technology in a right way to stay updated and to"monitor his competitors".

7 0

3 years ago

Using the picture of the supply and demand curves below, identify the point which

Doss [256]

Answer:

c is the correct represent the equilibrium price if I am not wrong

Explanation:

sry if I am wrong

8 0

3 years ago

If an automobile manufacturer pays $200 for a car windshield, $400 for four car tires, $100 for a car CD player, and sells cars

elena55 [62]

Answer:

$20,000

Explanation:

GDP is the market value of all final goods and 

services produced within a country in a given period of time.

The GDP includes only the value of final goods, the value of manufactured automobile in this question, not the value of intermediate goods used in it, the windshield, tires, and others.

Reason: The price of intermediate goods (windshield, tires, CD player) is already included in the final price of $20,000.

Hence, GDP discourage to include these intermediate goods value as it will lead to double counting given that they're already included in final price of $20,000.

3 0

3 years ago

The Allen, Bevell, and Carter partnership began the process of liquidation with the following balance sheet: Cash $ 25,000 Liabi

sleet_krkn [62]

The amount of the loss from the sale of non-cash assets that would have been allocated to Bevell is $45,000.

Data and Calculations:

Allen, Bevell, and Carter Partnership Balance Sheet

Cash $ 25,000 Liabilities $ 175,000

Noncash assets 500,000 Allen, capital 90,000

Bevell, capital 100,000

Carter, capital 160,000

Total $ 525,000 Total $ 525,000

Profit and Loss sharing ratio = 3:2:5

Proceeds from sale of assets = $275,000

Loss from sale of non-cash assets = $225,000 ($500,000 - $275,000)

Thus, the amount of the loss from the sale of non-cash assets that would have been allocated to Bevell is $45,000 ($225,000 x 2/10).

Learn more: brainly.com/question/17149203

7 0

2 years ago

The interest rate the federal reserve charges on loans it makes to commercial banks is called the:

Aleksandr-060686 [28]

The discount rate is the interest rate charged to commercial banks and other depository institutions on loans they receive from their regional Federal Reserve Bank's lending facility--the discount window. :)

7 0

4 years ago