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1 year ago

Interdependence among individuals and interdependence among nations are both based on the gains from trade. True or false?.

1 answer:

6 0

It is true that two countries can benefit from trade even if one of them has a clear advantage in producing all goods. Each nation only needs to have a comparative advantage in one particular good.

When producing a specific good, agents in an economic model have a comparative advantage over rivals if they can do so at a lower relative opportunity cost or autarky price, that is, at a lower relative marginal cost before trade.

Your greatest skill and least amount of sacrifice are your comparative advantages. If you are a great babysitter and a great plumber, for instance, your comparative advantage is plumbing.

Developed by British economist David Ricardo in the 19th century, comparative advantage is an economic theory that links differences in relative opportunity costs, or the price paid for producing a given good, across nations, to the causes and benefits of international trade.

Learn more about comparative advantage here

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Answer:

A. Act Again

Explanation:

In business, tracking a progress is made to ensure that you make a constant improvement within your operation.

During the observation process, you'll notify the things that can either become a hindrance or improvement to your operation. During the adjustment process, you'll eliminate the hindrance and add the things that can become the improvement into the plan.

After both of these were done, you need to act to execute the plan and check the progress again. This will form a cycle that you need to do throughout the operation.

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3 years ago

The ABS company has a capital base of $270 million, an opportunity cost of capital (k) of 19%, a return on assets (ROA) of 9%, a

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Answer:

0.9

Explanation:

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3 years ago

Selected data from Emporia Company follow: Balance Sheets As of December 31 2018 2017 Accounts receivable $ 600,000 $ 480,000 Al

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Answer:

Compute the accounts receivable turnover for 2018.

4.29 times

Compute the inventory turnover for 2018

3.6 times

Compute the net margin for 2017.

24.58%

Explanation:

Compute the accounts receivable turnover for 2018.

accounts receivable turnover = Sales / Accounts receivable

= $ 2,400,000 / $ 560,000

= 4.29 times

Compute the inventory turnover for 2018

Inventory turnover = cost of Sales / inventory

= $1,800,000 / $ 500,000

= 3.6 times

Compute the net margin for 2017.

net margin = Net Profit / Sales × 100

= (2,400,000-1,810,000) / 2,400,000 × 100

= 24.58%

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3 years ago

Your cousin, who is in his early thirties, owns his own internet marketing company. before starting the internet marketing compa

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This is an example of expertise

Explanation:

Expertise can be seen with the wide range of knowlege. Expertise can be seen in how the knowlege is applied as well.

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3 years ago

Younger employees also are more likely to use the Internet and social media to accomplish their tasks. This is an example of the

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Answer: Expectation and norms

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It is automatically assumed that young employees will use more technology as their generation is the when where the technology gained its pace. Thus, the assumption in the statement shows expectations and norms.

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4 years ago