If England exports cars to Australia and imports cheese from Mexico. Then, "England has an absolute advantage relative to Australia in producing cars, and Mexico has an absolute advantage relative to England in producing cheese".
<h3>What is import and export of goods?</h3>
Exporting is the process of selling goods and services that are produced or sourced domestically in other nations.
The advantages of exporting are-
- reaching out on a worldwide level.
- higher profits.
- risk reduction
- increased market share and competition.
- the benefits of scale.
- government assistance.
Purchasing products and services abroad and bringing them back home is referred to as importation.
The importance of importing are-
- launching fresh goods on the market.
- lowering expenses
- being a pioneer in the field.
- providing goods of excellent quality.
know the difference between imports and exports, here
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Why or why not they should agree with the said issue at hand.
Lobbyists give the politicians a kind of reassuring push in a certain direction when having to decide on the issue.
Answer:
D) 74
Explanation:
Weighted avg rating for suppliers can be calculated as follows.
First lets arrange the data,
Price 40
Quality 90
Delivery reliability 75
For a total weight sum of 100%, weights can be distributed as
Price 20%
Quality 40%
Delivery 40%
thus weight for the supplier then is,
Weight = (40*0.2) + (90*0.4) + (75*0.4) = 74
Hope that helps.
The percentage of the money given to practitioner is called "commission"
