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s2008m [1.1K]
3 years ago
6

Describe the advantage of increased global trade and competition on the u.S. Economy

Business
1 answer:
Alinara [238K]3 years ago
5 0

Answer:

The United States can specialise in producing goods and services which capitalise on its competitive advantages.

Explanation:

Increased global trade opens the United States (U.S) to international markets. This allows businesses in the U.S  to scale their operations so as to meet world demand. In doing so, these businesses may experience lower costs per unit due to increasing production capacity. This growth in operations could lead to increased competition from foreign businesses seeking to enter or operating in the U.S economy. Owing to this, higher levels of innovation and efficiency at firm level would be instituted so as to offer competitive prices.

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Under emtala, a hospital is responsible for all areas ____ around the main building and around areas where inpatient services ar
Ludmilka [50]
Under EMTALA, a hospital is responsible for all areas 250 yards around the main building and around areas where inpatient services are provided. EMTALA refers to Emergency Medical Treatment and Labor Act, according to which hospitals and other medical facilities have to provide help and patrol 250 yards around the facility itself in order to check whether someone is hurt in that area.
8 0
2 years ago
How are the objectives of lean manufacturing achieved? a. Supplier partnering b. Employee involvement c. Product-oriented produc
Dmitriy789 [7]

Answer: D. All of these choices are correct.

Explanation:

Lean manufacturing occurs when an organisation produces goods using as little resources as they can, while still producing enough goods at the correct quality.

This includes all options (a-c) for the following reasons:

a. Supplier partnering - it is important to have a smooth operations in terms of the organisation's relationships with their partners. This leads to an efficient supply management because this leads to better control over the flow of material and production planning, especially when the aim is to use minimal resourses.

b. Employee involvement - in lean manufacturing, less human effort is required. However high quality goods at the right quanity still needs to be produced.Therefore it is important for the little employees needed, to work cohesively to produce these goods effectively and efficiently.

c. Product orientated production layout - Also known as assembly line, this is when employees perfom minimal functions at a time, to produce large quantities of a few types of products that are different.

So for lean manufacturing to be implemented and operate effectively, it requires all these options.

8 0
3 years ago
Major limitations of the balance sheet include all of the following except: it necessarily omits many items that are of financia
olga_2 [115]

Answer:

Option D Only amounts known with absolute certainty are reported

Explanation:

This is incorrect statement because International Accounting Standard IAS 37 Provisions, Contingent Liabilities and Contingent Assets sheds light on the recording of future events that will arise as a result of past events. The standard is useful in estimating future events so saying that the absolutely certain amounts are reported is incorrect.

4 0
3 years ago
Suppose the gdp is in equilibrium at full employment and the mpc is .80. if government wants to increase its purchase of goods a
melamori03 [73]

<span>The marginal propensity to consume is a metric that quantifies the concept of increase in consumption with an increase in income. Mathematically MPC is defined as:</span>

MPC = Change in consumption / Change in income

Purchase of goods and services is considered as consumption, therefore:

Change in consumption = $16 billion

In the government’s perspective, taxes are considered as income, therefore the problem ask us to find for the necessary change in tax collection to maintain equilibrium GDP. Substituting the values in the formula:

0.80 = $16 billion / Change in income

Change in income = $20 billion

<span>Therefore the government should increase the tax collection by $20 billion.</span>
6 0
3 years ago
Read 2 more answers
During a certain six-year period, the consumer price index (CPI) increased by 50%, but during the next sis-year period, it incre
liberstina [14]

Answer:

D. Deflation

Explanation:

"Consumer Price Index" <em>(CPI)</em> measures the changes in the weighted average of prices of a market basket (consisting of consumer goods and services). It tells the<u> cost of living for every consumer. </u>

"Inflation" refers to the sustained increase of prices of goods and services while "deflation" refers to the sustained decrease of prices of goods and services.

In the situation above, the CPI is considered lower than before, thus <u>deflation</u> must have occurred during the second six-year period. It shows a <u>negative inflation rate.</u>

So, this explains the answer.

7 0
3 years ago
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