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2 years ago

______________ can enable trading partners to consume more than they can produce domestically.

1 answer:

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Trade between two agents or countries allows the countries to enjoy a better total output and level of consumption than what would have been possible domestically.

<h2>What exactly does specialization mean in global trade?</h2>

Instead of manufacturing all consumer items independently, countries with a propensity toward specialization trade certain products for other commodities.

Countries create an more than the product in which they specialize and exchange it for another country's surplus good.

A import barrier is what?

Barrier to trade. Anything, like a tariff, quota, or embargo, that slows down or stops one country from trading products with another.

change in value. the rate of exchange between the currencies of two different countries.

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Why net profit will be higher if increases average prices to customers?

vampirchik [111]

Answer:

Higher prices with same sales quantity will mean greater profit.

Explanation:

Let's hold some variables constant. If a business sells books, and they take the prices up, if they sell the same quantity (at higher prices) this would increase revenues. Higher revenues, less the same cost structure (variable and fixed costs) will lead to a greater profit generation. Of course in the real world, price elasticity of demand comes in play when prices are changed. If prices go up, typically sales quantity will decrease and there may be a net effect in revenue and hence profit. In the simple case where prices go up and sales quantity is unaffected, net profit will rise.

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3 years ago

Suppose you find $20. if you choose to use the $20 to go to the football game, your opportunity cost of going to the game is:___

alukav5142 [94]

Suppose you find $20. if you choose to use the $20 to go to the football game, your opportunity cost of going to the game is <u>$20</u>.

The opportunity cost is time spent analyzing and that money to spend on something else. A farmer chooses to plant wheat; the opportunity fee is planting a specific crop or alternate use of the assets (land and farm machine).

Opportunity value is a financial term that refers back to the cost of what you need to give up so that it will choose something else. In a nutshell, it is a price of the road not taken.

Whilst economists talk to the “opportunity cost” of a useful resource, they imply the fee of the following-maximum-valued opportunity use of that aid. If, for an instance, you spend time and money going to a film, you cannot spend that point at domestic analyzing an ebook, and also you cannot spend the cash on something else.

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1 year ago

Match the action to the task it helps accomplish. format text is at the very top or bottom of the page increase or decrease the

Sidana [21]

Answer:

<u><em>format text increase or decrease the space around the text on a page </em></u>

<u><em>Explanation:</em></u>

Indeed, when using Word processing software like Microsoft word, it is possible to use the format text tool called line spacing to <em>increase or decrease the space around the text on a page.</em>

For example, in other to make a written text easily readable, a user may use the format text tool to increase or decrease the space around the text on a page.

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3 years ago

Read 2 more answers

Unless an organization has contracted for a ____ or equivalent, office equipment such as desktop computers are not provided at b

Andrews [41]

The term that best fits the blank above is HOT SITE. A hot site is very useful once a business experiences disaster in the recovery service. This allows the business to still resume in utilizing computer operations when a disaster happens. Therefore, it would be a great advantage to have a hot site or any equivalent to this.

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3 years ago

Explain why saving money with a state minimum auto liability insurance policy generally isn‘t the best idea

nika2105 [10]

It is a bad idea because a minimum auto liability insurance policy is meant for compensation against liability and not for saving purpose.

<h3>What is the liability insurance?</h3>

It is a legal requirement to have an active minimum liability insurance coverage to cover a liability especially injury and damage to third party property

In conclusion, the idea of saving money with the insurance policy is bad because it is meant for compensation against liability and not for saving purpose.