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Ivan
3 years ago
14

If you have a nation that has a production possibilities curve whereas its economy must give up 500 toys to get 1 additional lap

top. Suppose it can get the laptop from another country it trades with in exchange for 4,00 toys. Considering what we learn this class that through international specialization and trade, a nation can consume at a point outside its production possibilities curve, and that reduces its opportunity cost of obtaining goods
Business
1 answer:
taurus [48]3 years ago
3 0

Answer:

International trade and specialization allows us to gain from trade. If a nation uses international specialization and trade to obtain the Laptop it needs to give up 400 units of toys as compared to 500 units if it was to produce it  by itself. This reduces the opportunity cost of producing laptops by 100 toys and “thus move outside its production possibilities curve.”

So, the above statement is true.

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5 0
4 years ago
Competition is good for customers because it gives them more options.
OverLord2011 [107]

Answer:

The correct answer is A. It is true that competition is good for customers because it gives them more options.

Explanation:

In economics, competition refers to the pursuit of a goal by at least two economic subjects, with the higher degree of goal achievement of one actor causing a lower degree of goal achievement by the other.

Competition requires at least one actor with an inferior degree of target achievement and thus works against certain social principles such as equality, as it requires a privileged position of those who have achieved the higher degree of target achievement.

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4 0
3 years ago
Selling the rights to use your company's brand name in return for a lump-sum payment and a share of the profits generated is ref
Katarina [22]

Answer:

(D) franchising.

Explanation:

The franchising is an innovative idea to increase the sales of the company brand through which the company can able to capture maximum market size across the work. This strategy works with the motive to expand the business.

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8 0
3 years ago
The nominal group technique, a variation on open brainstorming, primarily helps:
juin [17]

Answer:

The correct answer is letter "D": equalize hierarchical or status differences among members of a group.

Explanation:

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Under those circumstances,<em> the NGT treats each of the opinions of the individuals involved equally regardless of the hierarchy they may occupy in the group.</em>

8 0
4 years ago
The following data is available for Pina Colada Corp. at December 31, 2017:
Kazeer [188]

Answer:

No of common stock outstanding

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= <u>$196,000</u>

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Explanation:

In this case, we will divide the total value of common stock issued by the par value per share so as to obtain the number of common stock outstanding.

7 0
3 years ago
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