1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
snow_tiger [21]
3 years ago
15

If an economist argues that everyone gains from trade, what reasoning is most likely underlying her argument?

Business
1 answer:
mylen [45]3 years ago
4 0

Answer:

If an economist argues that everyone gains from trade, the following reasoning is most likely underlying her argument:

  • Production according to the principle of comparative advantage lowers overall costs and therefore allows both countries to have a higher standard of living.

Explanation:

  • The comparative advantage refer to the situation in which an individual, company or a country offers its services and products at a lower rate as compared to its competitor. This leads to trade-off as you have to comprise for the gain of something.
  • This comparative advantage also increase the dependencies of nations or companies on each other.
  • For example, England and Portugal has benefited from this comparative advantage concept as England get the wine at lower cost from Portugal and Portugal also get earning by selling this wine to England.
You might be interested in
E-businesses use the physical rather than the virtual value chain
Olenka [21]

Answer:

trueee

Explanation:

5 0
3 years ago
Mateo gets an email from an address he doesn't recognize asking him to send money. It is a young student who is stranded oversea
Soloha48 [4]
No, most likely it’s a scam. People like to scam people to get money now a days. It’s just a way for “easy” money for people who are desperate!
7 0
3 years ago
Read 2 more answers
Suppose the following transactions occur during the current year:
Genrish500 [490]

Answer:These transactions combines will increase the Gross Domestic Products by +2500

Explanation:

Gross domestic product is the Value of all goods and service produced within the boarders of the country over a period of time. Gross domestic product is measured in monetary terms. Gross domestic product can also be calculated as a total of all expenditures on goods and services in the economy.

we will now sow how these Transactions affect the gross domestic product

1. 50 cases of beer from a dutch distributor at $40 per case

When Dmitri (assuming he is in the United States) Purchases a 50 cases of beer abroad, Imports increase by $2000 ($40 x 50 cases)

Imports have a negative impact on the Gross domestic product, Therefore the Gross domestic product will decrease by $2000

-$2000 imports = -2000 Gross Domestic Product. ceteris pa

2.US Company sells 200 Transistors to a Spanish company at $15 per case

Exports increase Gross domestic product. When a US Company sells 200 transistors to a Spanish Company at a price of $15 per transistor, Exports will increase by $3000. When export increase Gross domestic product will also increase by -$3000 ceteris par

+$3000 export = + 3000 Gross Domestic Product.

3. Jake US Citizen pays $1500 for a laptop he orders from microell (a US company)

This transaction will increase Consumer's domestic consumption which is represent by a Variable denoted by C in the Consumption equation. When Jake pays $1500, Consumption increases by $1500 which also increases Gross domestic Product by $1500 ceteris pa

+$1500 Consumption = + $1500 Gross domestic product

Combined effect of these Transactions

Consumption + Investment + government spending + (export - import)= GDP

+$1500 + 0 + 0 + 0 + ($3000 - $2000) = + $2500        

These transactions combines will increase the Gross Domestic Products by +2500

8 0
3 years ago
Read 2 more answers
The value chain expresses the idea that different functions within the firm are interconnected and only by working together can
frosja888 [35]

Answer:

True.

Explanation:

The value chain expresses the idea that different departments within a firm should operate interdependently which will not only increase the efficiency of the firm but also create a value for customer to compete in the competitive environment. It is very important for the departments within an organization to operate in cooperation with one another as it would make the attainment of the goal easier and that too within stipulated time frame.

8 0
3 years ago
Northern Organic Farms is considering a project which will produce annual sales of $975,000 and increase cash expenses by $848,0
stealth61 [152]

Answer:

B) $114,000

Explanation:

To calculate the operating cash flows using the top down approach we can use the following equation:

operating cash flow = increase in total sales - increase in total expenses - increase in taxes paid

operating cash flow = $975,000 - $848,000 - ($154,000 - $141,000) = $975,000 - $848,000 - $13,000 = $114,000

I didn't include depreciation since it is normally included to calculate the increase in taxes but taxes were already given.

5 0
3 years ago
Other questions:
  • On January 1, 2021, Tonge Industries had outstanding 480,000 common shares ($1 par) that originally sold for $30 per share, and
    13·2 answers
  • The expectation that employees will perform a job, take corrective action when necessary, and report upward on the status and qu
    8·1 answer
  • What would happen to the buying power of your investment after one year if your rate of return was 8% and the rate of inflation
    13·1 answer
  • The current stock price of Alcoco is $70, and the stock does not pay dividends. The instantaneous risk-free rate of return is 6%
    9·1 answer
  • On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flo
    9·1 answer
  • Pinnacle Corp. budgeted $259,470 of overhead cost for the current year. Actual overhead costs for the year were $209,420. Pinnac
    10·1 answer
  • After retiring from Jones Corp., a partnership founded by Megan Jones and other partners, Megan grew tired of staying at home an
    15·2 answers
  • Contrast the actions a central bank would take to increase the quantity of money in the economy with the actions it would take t
    8·1 answer
  • Suppose the amounts presented here are basic financial information (in millions) from the 2020 annual reports of Nike and adidas
    12·1 answer
  • What type of living cost in the u. S. Rose a record 17 percent over the last year, as home prices and construction costs surged
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!