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Sliva [168]
3 years ago
9

Suppose that Canada and Australia are the only two countries in the world. Suppose also that in Australia, an acre of land can p

roduce 75 tons of apples or 60 bushels of oranges, while in Canada, an acre of land can produce 60 tons of apples or 150 bushels of oranges. Which of the following statements are true? (Select all that apply) ? A. Canada has an absolute advantage in the production of apples because it has higher productivity in apples.B. Canada has an absolute advantage in the production of oranges because it has higher productivity in oranges. C. Australia has an absolute advantage in the production of apples because it has higher productivity in apples. D. Australia has an absolute advantage in the production of oranges because it has higher productivity in oranges.
Business
1 answer:
ankoles [38]3 years ago
7 0

Answer:

B. Canada has an absolute advantage in the production of oranges because it has higher productivity in oranges. C. Australia has an absolute advantage in the production of apples because it has higher productivity in apples.

Explanation:

A country has absolute advantage when it produces greater quantity of a product at the same cost when compared to another country.

Australia produces more apples; 75 tons when compared to 60 tons produced by Canada.

Canada produces more oranges; 150 bushels when compared to 60 bushels produced by Australia.

Australia has an absolute advantage in the production of Apples and Canada has an absolute advantage in the production of oranges.

I hope my answer helps you.

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strojnjashka [21]

Answer: $174000

Explanation:

The firm's budgeted collections for August and the company's budgeted receivables balance on August 31 would be calculated as:

= (30% × $220,000) + (60% × $160,000) + (10% × $120,000)

= (0.3 × $220,000) + (0.6 × $160,000) + (0.1 × $120,000)

= $66000 + $96000 + $12000

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5 0
3 years ago
The focus of a(n) __________ strategy is high sales at low cost; the high sales are typically achieved by coming up with a produ
sp2606 [1]

Answer:

Mass marketing

Explanation:

Mass marketing -

It refers to as the marketing strategy , where the focus is on the complete market rather than some specific group , is referred to as mass marketing .

It is the reverse of niche marketing .

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As they tries to capture large area of consumers .

Hence , from the given information of the question ,

The correct answer is mass marketing .

5 0
3 years ago
If real gdp increases by 1 percent next year and the price level goes up by 3 percent, by how much will nominal gdp increase?
kotykmax [81]
<span>Since real GDP goes up by 1% and price level goes up by 3%, nominal GDP must go up by 3%. This is because real GDP is measured based off a base year's prices, but nominal GDP is not encumbered by such a price basis. Since the price level goes up by 3% (and 3/1 is 3), then nominal GDP goes up by 3% as well since the real GDP level only goes up by 1%.</span>
7 0
4 years ago
What's an assembly line for business and what does it do? ​
algol [13]

Answer:

An assembly line is basically just a series of workers who assemble identical items in a line. One of the first uses of the assembly line was in Henry Ford's car factory.

3 0
3 years ago
According to​ economists, an efficient tax is one that A. maximizes tax revenue for government. B. is relatively easy to collect
k0ka [10]

Answer:

The correct answer is D. imposes a small deadweight loss relative to the tax revenue it raises.

Explanation:

By not discouraging the activity, it is understood that taxes should not distort the economic decisions of the individuals subject to taxation. In the theory of Public Finance the inefficiency of taxation can be analyzed through the so-called "excess tax", as a quantification of the loss of utility generated by a distorting tax. The excess of tax arises because the loss of total welfare generated by the tax on the individual with the modification in their behavior, is greater than the mere loss of welfare caused by the decrease in disposable income that comes with the payment of the tax. The value of excess tax that is generated by the substitution effect is greater the higher the tax rate and elasticity (Musgrave, 1986). Therefore, the relationship of exchange between efficiency and equity is not so simple for governments when designing their fiscal policy.

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4 years ago
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