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Bingel [31]
3 years ago
14

How does a country determine whether it has a comparative advantage in the production of certain goods?

Business
1 answer:
Sergeu [11.5K]3 years ago
7 0

Answer:

Comparative Advantage: A country has a comparative advantage in producing a commodity if the opportunity cost of producing that commodity in terms of other commodity is lower in that country as compared to the other country.

For determining comparative advantage, countries compare their good's opportunity cost with the other country's goods opportunity cost.

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Damon convinced his aunt to lend him 2000 to purchase a plasma digital tv she has agreed to charge only 6 percnt simple interest
AnnyKZ [126]

Answer:

$120

Explanation:

In this question, we simply have to apply the simple interest formula which is shown below:

= Principal amount × rate of interest × time period

= $2,000 × 6% × 1 year

= $120

Simply we multiplied the principal amount with the interest rate and the time period so that the accurate amount can come.

So, $120 interest is paid for the year

7 0
3 years ago
Using the information below calculate the ending total asset of Lisa Inc.  Lisa Inc raises $3,000 of shareholders’ equity.  Li
Julli [10]

Answer:

The ending total asset is $3,800

Explanation:

 Lisa Inc raises $3,000 of shareholders’ equity.  This movement increase the assets,  because the $3,000 increase in the shareholders’ equity will affect the asset

 Lisa Inc purchases a building worth $300 for cash. Won´t modifies the assets ,  decrease cash but increase buildings

 Lisa Inc takes out a loan for $500 and receives cash. Increase assets (cash) , increase Liabilities (Accounts Payable)

 Lisa Inc purchases $300 of inventories, the supplier gives her credit. Increase assets (inventory) , increase Liabilities (Notes Payable)

Asset= $3,000+$500+$300=$3,800

6 0
3 years ago
Which is not a court of "first instance" (a court that looks at a case for the first time)? a municipal court a small claims cou
denis23 [38]

Answer:

Appellate court

Explanation:

Appellate courts hear and re-examine appeals from legal cases already heard and determined in a trial-level or other lower court.  They are popularly referred to as appeals court, the court of appeals, or second instance court.  

Appellate courts are present at both the federal and state levels. The primary purpose of the appellate court's is to ascertain whether or not the law was applied rightly in the lower court.

5 0
2 years ago
Which leadership approach suggests that leadership behaviors vary along a continuum of leadership styles, from passive through t
krek1111 [17]

Answer: Full range leadership

Explanation:

The full range leadership model, or FRLM for short, is a theory that suggests that general leadership focuses on leaders' behaviour towards certain work situations. This model focuses on three types of styles in particular. And these are explained below.

Transformational leadership: These leaders develop and motivate their followers to achieve various success levels. This is a more long term approach. This can usually improve employee self confidence, satisfaction and increase employee commitment.

Transactional leadership: These leaders use social exchanges to lead. This refers more to transactions between leaders and followers. This style of leadership uses rewards and punishments to motivate employees to achieve their tasks successfully.

Laissez - Faire: This type of leadership translates to "let them do (what they want)", and is also known as hands - off leadership. This style is basically the absence of leadership. Employees are left to make decisions on their own and there are no fixed rules.

5 0
3 years ago
Management has determined that there is one chance in a thousand of a customer being injured or killed. The settlement of result
natka813 [3]

Answer:

$700

Explanation:

In cost benefit insurance , the intervention and its benefit are evaluated to arrive at the best decision for the insured party.

Working

Potential lawsuits - $750,000

Deductible insurance - $50,000

Possibility of injury /death = 1/1000

Maximum payment for insurance - $(750000-50000)/1000

$700

3 0
3 years ago
Read 2 more answers
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