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Ivan
2 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]2 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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In a tiny village, on the coast of South America, early inhabitants used sea shells, as money. Some of these shells were very be
RUDIKE [14]

Answer:

Option (B) is correct.

Explanation:

Unit of account:

There are some functions of money or we can say that characterstics of money:

(a) Medium of exchange

(b) Store of value

(c) Unit of account

(d) Standard of deferred payments

Sea shells are precious items but one cannot properly split divide those sea shells into small denominations like money does. Money is easily storable, people use as a medium of exchange and unit of account.

By unit of account we mean that we can easily measure the value of goods and service and many things in monetary terms but we cannot measure in terms of sea shells.

That's why sea shells unfit to act as money today.

8 0
3 years ago
Question number 6 I need help
tia_tia [17]

Answer:

6. a)

total fixed costs = $600,000

product mix:

1 Diablo: 2 Call of Duty: 3 Sekiro: 4 Starcraft II

Contribution margin per unit:

  • Diablo = $55 - $22 = $33
  • Call of Duty = $48 - 17 = $31
  • Sekiro = $33 - $12 = $21
  • Starcraft = $22 - $11 = $11

Contribution margin per product mix = $33 + (2 x $31)) + (3 x $21) + (4 x $11) = $172

break even number (in product mix) = $600,000 / $172 = 3,488.37 ≈ 3,489 product mixes

6.b)

  • Diablo = 3,489 games
  • Call of Duty = 3,489 x 2 = 6,978 games
  • Sekiro = 3,489 x 3 = 10,467 games
  • Starcraft = 3,489 x 4 = 13,956 games

7 0
3 years ago
According to the human-capital view, education
lana66690 [7]

According to the human-capital view, education is an indicator of natural ability.  Human capital encompasses assets such as education, training, intelligence, skills, health, and other characteristics valued by employers such as loyalty and punctuality. As such, it is an intangible asset or characteristic that does not (and cannot) appear on a company's balance sheet.

Human capital is thought to boost productivity and consequently profitability. The more a firm invests in its personnel, the more likely it is to be productive and successful. Because not all labor is created equal, firms can develop human capital by investing in employers training, education, and perks.

To learn more about human-capital, click here.

brainly.com/question/28244215

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6 0
1 year ago
On January 1, 2012 Morgan Co. purchased a truck that cost $32,000. The truck had an expected useful life of 10 years and a $5,00
Novay_Z [31]

Answer:

Annual depreciation= $2,700

Explanation:

Giving the following information:

Morgan Co. purchased a truck that cost $32,000. The truck had an expected useful life of 10 years and a $5,000 salvage value.

The straight-line depreciation method provides an annual depreciation expense by dividing the book value by the number of useful years.

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (32,000 - 5,000)/10= $2,700

8 0
3 years ago
charlotte is visiting brazil and is looking at souvenirs to purchase. she finds a jersey that costs 137 brazilian real. if the c
sdas [7]

Tt’s $25.23 because if you compare the price to money in USA, it will come up to that amount.

<h3>What is money?</h3>

Money is a good that is frequently used as a medium of economic exchange. It acts as the primary determinant of wealth and the means of expressing prices and values. By anonymously traveling from one person to another and from one nation to another, it allows trade as a kind of exchange.

Money is something that is frequently utilized in a specific nation or socioeconomic setting to buy goods and services and pay off debts. As a unit of account, a medium of exchange, and periodically as a baseline for postponed payments, money serves four main purposes.

To learn more about money visit:

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6 0
1 year ago
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