The answer to the quesrioin i trimfdn
Accounting is one of the main components to being able to manage a company, their inventory, assets, revenue and debt. Without the methods of accounting, how would management be able to understand how to business is doing financially so they can continue what they are doing or find new solutions? Management accounting focuses on gathering data from internal and external sources and turning it into factual data that a company uses to make decisions.
Answer:
Option (a) is correct.
Explanation:
The law of comparative advantage states that a country is producing and exporting a good in which it has a comparative advantage and importing a good in which it has a comparative disadvantage.
Therefore, this will make the countries more specialized and there is an exchange of goods among the trading nations.
Each country is then specialized in the production of a good in which it has a comparative advantage and hence, the joint output of the trading nations increases.
