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lidiya [134]
1 year ago
15

If the world price for a good exceeds the before-trade domestic price for a good, then that country must have.

Business
1 answer:
lions [1.4K]1 year ago
3 0

If the world price for a good exceeds the before-trade domestic price for a good, then that country must have a comparative advantage in the production of the good.

The domestic price level represents the current price of a particular good or service in an economy. Government agencies or national economists tend to look at different price levels to gauge how prices rise or fall, which is economically known as inflation and deflation, respectively.

  • If the world price is lower than the domestic price of a good in a country, allowing free trade will reduce that country's total surplus. When the world price of a good is lower than the domestic price of a good, the imposition of a tax on an imported good will increase the total surplus in the market.
  • Economic pricing theory asserts that in a free market economy, market prices reflect the interaction between supply and demand: prices are set to match the quantity supplied and the quantity demanded.

Learn more about domestic goods here: brainly.com/question/1383956

#SPJ4

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Farmer Jones raises several hundred acres of corn and would suffer a significant loss should the price of corn decline at harves
evablogger [386]

Answer:

The correct answer is C. hedging.

Explanation:

Coverage, in finance, is the set of operations aimed at canceling or reducing the risk of a financial asset or liability in the possession of a company or an individual. Funds created for this purpose are called hedge funds.

The hedging operations consist of the acquisition or sale of a financial asset that is correlated with the element on which the coverage is to be established. Said acquisition or sale may be of shares, indices, interest rates, options, futures, etc.

7 0
3 years ago
A total of 700 tickets were sold for a game for a total of $3420. If adult tickets sold for $7 each and child tickets cost $3 ea
nikitadnepr [17]

Answer:

330 tickets sold to adults

370 tickets sold to children

Explanation:

Suppose:

Number of Tickets

Adult = A

Child = C

According to given condition

A + C = 700 (Eq 1)

7A + 3C = 3,420 (Eq 2)

By multiplying (Eq 1) with 3 we get

3A + 3C = 2,100 (Eq 3)

By subtracting (Eq 3) from (Eq 1)

7A + 3C - (3A + 3C) = 3,420 - 2100

7A - 3A + 3C -3C = 1320

4A = 1320

A = 1320/4

A = 330

Putting value of A in (Eq 1)

330 + C = 700

C = 700 - 330

C = 370

Check:

(7x330) + ( 3x370) = 3420

2310 + 1110 = 3420

3420 = 3420

5 0
3 years ago
All three of the $5000 billion GDP figures (Production, Income and Spending) are in ____________ dollars.a. Unadjusted, seasonal
Nataliya [291]

Answer:

The correct answer is letter "D": Inflation adjusted, real.

Explanation:

The real value is one that has been adjusted for inflation, allowing amounts to be measured as if the market price of goods had remained the same. Moreover, real-life modifications in value omit the impact of inflation. Following this process, the <em>real Gross Domestic Product</em> (<em>GDP</em>) can be calculated.

4 0
4 years ago
Which must be considered when beginning a new photoshop project.
gizmo_the_mogwai [7]

you need ideas and concepts

8 0
3 years ago
Insurance premiums, entrance fees, train fares, and organization dues are all examples of?.
Phantasy [73]

Insurance premiums, entrance fees, train fares, and organization dues are all examples of price.

<h3>What is price?</h3>

Price is the amount of payment or compensation given by one party to another for a good or service. In some situations, the price of the product has a different name. If an item is a "commodity" in a commercial exchange, the consideration paid for that item is likely to be called its "price."

There are many other types of price. Some of them, like the threshold price, are conceptual. Others relate to the timing of a potential deal or the relative strength of the buyer and seller. However, they all ultimately have something to do with the spot price.

To learn more about price, refer;

brainly.com/question/19091385

#SPJ4

6 0
1 year ago
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