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
marusya05 [52]
2 years ago
12

In Lurnee, it takes 10 resources to produce 1 ton of cocoa and 13.5 resources to produce 1 ton of rice. In South Tyberg, it take

s 40 resources to produce 1 ton of cocoa and 20 resources to produce 1 ton of rice. Lurnee has a comparative advantage over South Tyberg in cocoa. This follows the theory of comparative advantage, and we can say that engaging in free trade benefits all countries that participate in it; however, this conclusion stems from which of these inaccurate assumptions?
A. We have assumed that agrarian nations do not specialize in producing particular products.
B. We have assumed the prices of resources and exchange rates in the two countries are dynamic.
C. We have assumed diminishing returns to specialization.
D. We have assumed constant returns to scale.
E. We have assumed there are barriers to the movement of resources from the production of one good to another within the same country.
Business
1 answer:
Nostrana [21]2 years ago
5 0

Answer: We have assumed constant returns to scale.

Explanation:

Comparative advantage simply stated that an economy should produce the goods whereby the said economy has a lower opportunity cost than its counterpart.

Based on the analysis in the question, the inaccurate assumption is that we have assumed constant returns to scale. This means that an increase in the inputs such as capital and labour which are used in producction will also cause an identical increase in output. In reality, this isn't always true.

You might be interested in
Platen purchased inventory on August 17 and received an invoice with a list price amount of $5,900 and payment terms of 4/10, n/
ch4aika [34]

Answer:

$5,664

Explanation:

Calculation of the amount that Platen should record the purchase.

Using this formula

List price -(Percentage of payment term × list price)

Let plug in the formula

$5,900 -(4%×5,900 )

=$5,900-$236

=$5,664

Therefore Platen should record the purchase on August 17 as a:

Debit to Purchases (periodic system) and a Credit to Accounts Payable for $5,664

Therefore the amount that Platen should record the purchase will be $5,664

7 0
2 years ago
In Mesopotamia, the ownership of property and the specialization of trades and crafts made visual identification necessary. Imag
marin [14]

Answer:

Cylinder seals

Explanation:

The human species originated in Africa around 300,000 years ago, but the first civilization that modern archaeologists have discovered was located in Sumer, Mesopotamia, around 10,000 BC.

Mesopotamians invented agriculture, writing, art, culture and trade. One of the ways to control goods produced and traded was to trademark them with cylinder seals specially to mark items on clay. They used clay a lot, for writing, pottery and construction.  

5 0
3 years ago
Read 2 more answers
Which of the following gave workers a reason to form early unions?    
sveta [45]
I believe the answer is B because unions serve to protect workers' rights
7 0
3 years ago
A cash-basis individual taxpayer owns 55% of Stone, a C-corporation. Stone uses the accrual method of accounting and owes the ta
Strike441 [17]

Answer: $2,250

Explanation:

The Tax-Payer uses a cash-basis. This means that they recognize revenue or expenses only when they are actually paid as opposed to an Accrual basis entity that recognizes revenue or expenses when it is incurred.

As the Cash-Basis taxpayer is the majority shareholder of the company, Stone may not deduct the amount from income until they have paid the tax payer because tax regulations state that when an Accrual Basis entity owes a majority owner who uses the Cash basis, they may not recognize the deduction until they have paid the owner.

In year 2 they paid ½ of the rent which is,

= 4,500/2

= $2,250

They can therefore only deduct $2,250 in Year 2.

7 0
3 years ago
_ is concerned with determining what activities should be performed and assessing how well they are performed. a.Operational con
Cloud [144]

Answer:

The correct answer is letter "A": Operational control.

Explanation:

Operational control comprises the steps companies take to determine how the firm will conduct its operations. Operational control is the handbook for operations managers where the procedure for each activity in the company is explained in detail so, in front of malpractices, managers will have a clear idea on how to make assessments.

8 0
2 years ago
Other questions:
  • Who is responsible for the preparation and integrity of the financial statements?
    11·1 answer
  • A setting of plainsong with two to four notes per syllable is called:
    6·1 answer
  • How are old telephone logs, payroll records, minutes of practice management meetings, and canceled checks categorized?
    11·1 answer
  • Greeson Corp. signed a three-month, zero-interest-bearing note on November 1, 2020 for the purchase of $500,000 of inventory. Th
    14·1 answer
  • Michael is the owner of a restaurant in downtown Buffalo and recently signed a long-term lease with the building's owner. Since
    5·2 answers
  • Unemployment would cause an economy to Group of answer choices produce outside its production possibilities frontier. produce in
    8·1 answer
  • The constant-growth dividend discount model (ddm) can be used only when the ___________. growth rate is greater than or equal to
    8·1 answer
  • Each individual must make choices because A. wants are sometimes mixed up with needs. B. resources are limited and therefore can
    12·1 answer
  • Being around positive people will tend to make you more positive. Please select the best answer from the choices provided T F
    10·2 answers
  • Holding the price level constant, a(n)______ in net exports increases the aggregate and thereby increases real gdp.
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!