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
yulyashka [42]
2 years ago
12

Because of their relatively small national economies, which of the following is most likely considered to be the most important

factor for Belgium, Korea, and Canada to take full advantage of specialization? - division of labour -international trade -economies of scale -command economy
Business
1 answer:
Dovator [93]2 years ago
5 0

Answer:

The correct answer is <em>International Trade</em>.

Explanation:

Specialization in economics is not limited to individuals and firms, the soul of microeconomics. It also has applications in macroeconomics, which studies the economic actions of nations, regions and entire economies. In a macroeconomic context, specialization means that nations concentrate on the production of goods in which they have the greatest advantage while making trade contracts with other countries to obtain other goods.

David Ricardo, another classic economist of the 18th century and the beginning of the 19th century, discussed the specialization based on comparative advantages that help determine if it is of greater benefit to manufacture a product in the country or import it. It assumes, for example, that the United States produces clothes and computers cheaper than India. While the United States apparently would have an absolute advantage, it would not have a comparative advantage, which measures the ability to produce in terms of opportunity cost. Because production resources are limited, opportunity costs to produce computers mean that less clothing is manufactured. Compared to what has been sacrificed, the country should specialize in producing goods over which it has a comparative advantage while importing the other product

You might be interested in
Family Farms Inc., a company which deals in dairy products, adheres to a standard of behavior for its employees, and it follows
Misha Larkins [42]

Answer:

The right response is "Business ethics".

Explanation:

  • An ethics framework that always considers the moral standards as well as problems that occur mostly in a corporation but also function as a guide for the behavior of people throughout the organization.
  • Meanwhile, corporation governments facilitate the collection of values and conventions governing as well as controlling the business of the company.
4 0
3 years ago
________ is a promotional tool in which a person communicates one-on-one with potential customers.
katen-ka-za [31]
I chose direct marketing
3 0
3 years ago
Productivity is defined as the quantity of a. labor required to produce one unit of goods and services. b. goods and services pr
Bumek [7]

Answer:

Option (C) is correct.

Explanation:

Productivity of labor refers to the term which is used by the firms for knowing the efficiency of the labor employed into the production of the output.

Productivity is determined by dividing the output of the firm by the inputs used in the production of the goods and services.

Productivity = (Output ÷ Input)

If the productivity of the labor is not achieved as per the company requirement then there is a fall in the labor employment.

8 0
3 years ago
A company's strategy is a "work in progress" and evolves over time because of the Select one: a. frequent need to modify key ele
Artemon [7]

Answer: d. The ongoing need of company managers to react and respond to changing market and competitive conditions

Explanation:

As market changes and becomes more competitive, there is need to ensure that partially finished goods awaiting completion(work in progress) are completed.

6 0
3 years ago
Shawn Bixby borrowed $21,000 on a 120-day, 12% note. After 70 days, Shawn paid $2,400 on the note. On day 100, Shawn paid an add
Zarrin [17]

Answer:

Ending Balance Due = $14,980.106

Total Interest = $780.106

Explanation:

solution

Total Interest and Ending balance due by the U.S. Rule are as given below

so interest is here for 70 day with 12 % of 21000

interest = 0.12 × 21000 ×  \frac{70}{360}

interest = $490

so

payment = $2400 - $490

payment = $1,910

and adjusted balance  will be after that

adjusted balance  = $21,000 - $1,910

adjusted balance  = $19,090

and

on 100 day

Interest  =  0.12 × $19,090  ×  \frac{30}{360}

Interest  =  $190.9

and

Payment  = $4,400 - $190.9

payment = $4209.1

So

adjusted balance  = $19090  - $4209.1

adjusted balance  = $14,880.9

and interest = $14,880.9 × 0.12  ×  \frac{20}{360}

interest = $99.206

so Ending Balance Due  will be

Ending Balance Due = $14,880.9 + $99.206

Ending Balance Due = $14,980.106

and

Total Interest = $490 + $190.9 + $99.206

Total Interest = $780.106

5 0
3 years ago
Other questions:
  • Given an optimal capital structure that is 50% debt and 50% common stock, calculate the weighted average cost of capital for the
    8·2 answers
  • Stephanie is the editor in charge of advertising for the yearbook and newspaper. She thinks that her position is the most import
    10·2 answers
  • Oliver's company is planning the launch of their hybrid cars. The company has included "never-before-seen product benefits in th
    6·1 answer
  • Because of their relatively small national economies, which of the following is most likely considered to be the most important
    12·1 answer
  • Lisa owns stock in Company ABC. Company ABC sent out an earnings report and gave each of the stockholders an amount of money bas
    5·2 answers
  • Which of the following is designed to partially remedy the problem of excessive insurance? Baumol’s cost disease
    12·1 answer
  • In order to finance The Shortbread Shack, a mobile bakery business that services several large Silicon Valley companies, Marcy d
    15·1 answer
  • which circumstance is most likely to cause a farmer to store soybeans for a future sale instead of selling them right after harv
    12·1 answer
  • Jing is considering starting a new business selling organic groceries. It would cost her $350,000 a year to rent store space and
    14·1 answer
  • 9. When Margot applies for a loan, she needs to demonstrate to the bank that she has capital. What could she show them to best d
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!