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2 years ago

According to the concept of comparative advantage, a good should be produced in that nation where?

1 answer:

7 0

According to the concept of comparative advantage, a good should be produced in that nation where its <u>domestic </u><u>opportunity cost</u><u> is the least.</u>

This is further explained below.

<h3>What does the opportunity cost?</h3>

Generally, Opportunity cost, in microeconomics, refers to the value or advantage foregone by doing one action over another.

To put it another way: if you do one thing, you can't do anything other.

In conclusion, Opportunity cost, in microeconomics, refers to the value or advantage foregone by doing one action over another.

To put it another way: if you do one thing, you can't do anything other.

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an open market sale of Treasury securities (bonds).

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An open market sale will decrease the money supply so aggregate demand decreases and shifts to the left.

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3 years ago

Shrink-Wrap Agreements. TracFone Wireless, Inc., sells phones and wireless service. The phones are sold for less than their cost

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Answer: Yes they are

Explanation:

This is a Shrink-Wrap Agreement which means that in order to use a product, one has to accept the conditions that come with it. The term gets its name from the agreement printed on the shrink-wrap (plastic wrap) of a product. Tearing it off and using that product implies that you agree to the terms printed.

Bequator Corp., in buying the phones agreed with TracFone Wireless Inc's condition that the buyer will <em>"not to tamper with or alter the software"</em>. Bequator however went ahead and tampered with the phones they bought such that the phones could now be used on other networks.

This is a clear violation of the condition that TracFone sold it to them under which means that Bequator Corp. is quite liable for breach of contract.

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3 years ago

Martha and Lew are married taxpayers with $400 of foreign tax withholding from dividends in a mutual fund. They have enough fore

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Answer: they should claim a deduction for foreign taxes on their Schedule A?

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Most taxpayers have the option to either itemize deductions or claim the standard deduction that applies to their filing status.

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4 years ago

A new customer, age 45, has been terminated from his assembly-line job of the past 20 years at an automotive parts supplier. Dur

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Answer:

communicating effectively with an unsophisticated customer in an understandable manner to assess financial goals and risk tolerance

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The new customer who has accumulated $124,000 in his company's 401(k) plan wants to rollover his funds with a brokerage firm.

However he only invested in a growth mutual fund.

This is a scenario that could lead to total loss for the customer if the growth mutual fund fails. A better approach would have been to invest in more than one option.

The first action should be to communicate effectively with the unsophisticated customer in an understandable manner to assess financial goals and risk tolerance.

Based on his Prefered objectives an investment plan can be recommended for him

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3 years ago

Feedback is important in improving your performance, and we should solicit feedback, and not just wait until someone provides us

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Answer:

The given statement is "True".

Explanation:

Feedback would be a significant aspect in improving the accomplishment or organization's success.
Requesting or waiting for such feedback might contribute to less and less input, although the organization must request for input, this same person might communicate with the organization by requesting comments.

Thus the above is the correct answer.

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3 years ago