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maksim [4K]
3 years ago
15

True or False: If Country B has an absolute advantage over Country A in producing bicycles, it must also have a comparative adva

ntage over Country A in producing bicycles.
Business
1 answer:
Anni [7]3 years ago
3 0

If Country B has an absolute advantage over Country A in producing bicycles, it must also have a comparative advantage over Country A in producing bicycles - False

<h3><u>Explanation:</u></h3>

When any organisation has the ability to produce a product identical to its competitor company in such a way it utilizes only lesser amount of the given resources producing more product then it is said to have absolute advantage.  Comparative advantage refers to the ability of a firm in producing a particular goods or services at a lesser marginal cost when compared with the opportunity cost.

Absolute advantages helps a firm to reduce its production cost than its competitors. Comparative advantage helps a firm in reducing the opportunity cost. It is not necessary to have a company to have both absolute and comparative advantage at the same time. It can either have absolute or comparative advantage.

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Humbert believes that he is in control of his own destiny. If he works hard and keeps on working hard, he will be able to overco
kolezko [41]
<h2>Humbert <u>High internal </u>locus of control</h2>

Explanation:

Let us understand the term internal locus of control.

Internal locus is having a high belief on oneself. The term can be explained in deeper saying, a person belief himself that he is sole responsible for the result which is derived from his own action.

For eg:

Every person would be expecting his school results. So depending on the result like pass or fail, a person with high internal locus believe that, he has done well so he got pass, or he has not prepared properly so he failed.

6 0
4 years ago
For each source information shown below, prepare the appropriate journal entry. (If no entry is required for a transaction/event
anygoal [31]

Oct 13........................No Journal Entry Required

Oct 17.                            Cash..........................................DR            $107

                                                  To Accounts Receivable........................................   $107

(Being cash received by Accounts Receivable)

Oct 22.                          Inventory....................................DR             $1145

                                        To Accounts Payables..........................................        $1145

(Being Purchases made of Chairs and Oil Supplies)

Oct                              Accounts Payable...........................DR            $1145

                                             To Cash............................................................           $1145

(Being Cash paid for purchases made)


7 0
3 years ago
(Population projection) The US Census Bureau projects population based on the
ludmilkaskok [199]

Explanation:

I have provided the code below which is producing the correct answers. Answers are verified by actual answers from calculator.

I have used a for loop for fast calculation and print.

ANSWER CODE:

population = 312032486;

seconds = 365*24*60*60;

births = seconds//7;

deaths = seconds//13;

immigrations = seconds//45;

years = {1,2,3,4,5}

change_in_pop = births - deaths + immigrations;

for val in years:

   new_population = population + val*(change_in_pop)

   print("The population after " + str(val) + " years is " + str(new_population)+"\n")

5 0
4 years ago
Assume that the interest rate on borrowings in india is 1 percent while the interest rate on bank deposits in a u.s. bank is 6 p
BARSIC [14]
Those who try to benefit from a carry trade are hoping to borrow money at a low interest rate so that they can invest in something that will provide a higher return. People commonly do this between different foreign exchange markets to make the most on their return from investing in different country currencies. 
3 0
3 years ago
Terrence buys a new car for $20,000. The value of the car depreciates by 15% each year. If f(x) represents the value of the car
Lana71 [14]
<span>Hi there,

100% - 15% = 85%
85% = 85/100 = 0.85

This is your factor of depreciation
The power it is raised to equals the years
20,000 x 0.85^3
= <span>12282.5
</span>
I hope my answer has come to your help. Thank you for posting your question here in Brainly.

</span>
5 0
3 years ago
Read 2 more answers
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