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Snowcat [4.5K]
1 year ago
8

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

Business
1 answer:
Molodets [167]1 year ago
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

brainly.com/question/14846093

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Answer:

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4 0
3 years ago
Why might these sources of individual values not prove very helpful when making complex business decisions
Blababa [14]

Answer:

The first part of the question is missing:

"We all learn values from sources such as family, religion, and school. Why might these..."

To be honest, most of the time business decisions are not clean cut ethical or unethical, even if you are not doing anything wrong or illegal. When you are doing business you will try to make the largest possible profit and money doesn't just appear from no where, if you earn money, you will be taking it away from someone else. In the best case scenario, you will be giving that customer a higher perceived value than the cost of your product or service, so everyone wins.

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When thousands of jobs are replaced not by Chinese workers, but instead by computers and robots, it's just bad luck for the unemployed. When large stores like Sears go bankrupt while Amazon surges, good for Amazon, bad for Sears.

5 0
2 years ago
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lianna [129]

Answer:

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6 0
3 years ago
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Arturiano [62]

Answer:

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3 years ago
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yarga [219]

Answer:

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The other options are not right because system testing doesn't separate components or programs as it involves the actual evaluation of the whole system to find defects and it is done before the acceptance testing.

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3 years ago
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