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Ne4ueva [31]
1 year ago
15

How can a country achieve higher levels of competition and a variety of products in an industry with only one or two domestic fi

rms producing a good?
Business
1 answer:
SSSSS [86.1K]1 year ago
5 0

Through promoting intra-industry trade, a country can increase levels of competition and the range of products produced in an industry with only one or two local enterprises producing a good. International trade for goods produced by the same business is known as intra-industry trade.

According to the idea of economies of scale, production costs often decrease as output scale increases. When it makes it possible for one or two large producers to supply the entire country, it becomes particularly important to international trade. A way to maintain consumer choice and competition while combining economies of scale-driven lower average manufacturing costs is through international trade.

#SPJ4

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2 years ago
At a specific point on the demand curve for backpacks, the elasticity of demand is calculated to be -0.5.a. At that point, we wo
anzhelika [568]

Answer:

Inelastic; 5%; fall; 10%; rise

Explanation:

Price elasticity of demand is always negative for normal goods. This happens because of the law of demand, that demand falls with rise in price.

Price elasticity between 0 and 1 shows inelastic demand.

This means that there is smaller change in demand due to a greater change in price level.

Price elasticity of demand is -0.5.

If the price falls by 10%, demand will increase by 5%.

The revenue will fall, because of greater fall in price.

If the price increases by 20%, demand will fall by 10%.

Revenue will increase because of greater increase in price.

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3 years ago
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__________________ are ways that a nation can draw up regulations, inspections, and paperwork to make it more costly or difficul
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Answer: Nontariff barriers

Explanation:

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The main reason for trade barriers are to generate revenue for the government and also to protect the local industries.

8 0
2 years ago
A finance lease agreement calls for quarterly lease payments of $4,625 over a 15-year lease term, with the first payment on July
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Answer:

The Lease amortization schedule is attached in pdf format with this answer please find.

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Download pdf
3 0
3 years ago
At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $309,000 and $600 (credit) in Allowance for U
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Answer:

Bad debt expense  $ 14.850

Explanation:

Initial Balance    

Accounts Receivable  $ 309.000  

Allowance for Uncollectible Accounts  $ 600  

Should be 5% of the Accounts Receivables    

Allowance for Uncollectible Accounts  $ 15.450

We must calculate the difference between the actual balance and the must be balance.

Adjustment entry

Bad debt expense  $ 14.850  

Allowance for Uncollectible Accounts  $ 14.850

END Balance    

Accounts Receivable  $ 309.000  

Allowance for Uncollectible Accounts  $ 15.450  

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3 years ago
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