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
andrey2020 [161]
3 years ago
9

Which of the following gives a nation a comparative advantage Select one: a. Having a command based economy b. Being able to pro

duce more in total then someone else c. Having the more educated labor force d. Being able to produce a good at a lower opportunity cost
Business
1 answer:
Naya [18.7K]3 years ago
3 0

Answer:

d. Being able to produce a good at a lower opportunity cost

Explanation:

A country has comparative advantage in production if it produces at a lower opportunity cost when compared with other countries.

For example, country A produces 2 apples and 1 orange while country B produces 30 apples and 10 oranges.

Country A has a comparative advantage in the production of oranges because it produces at a lower opportunity cost when compared to country B.

A country has an absolute advantage in the production if it produces more quantities of the good when compared with other countries.

In the above example country B has a comparative advantage in both the production of Apples and oranges.

I hope my answer helps you

You might be interested in
f interest rates rise but the quantity of loanable funds demanded and supplies remains constant, this implies that Group of answ
babymother [125]

Answer:

The demand and the supply of loanable funds both remained the same.

Explanation:

If the interest rates rise, but both demand and supply of loanable funds remanin constant, this means that demand and supply remained the same.

This would be a problem in the real world, because when interest rates rise, what should happen is that the supply of funds rise, while demand falls, because a rise in interest rates makes investment more expensive since interset rates are simply the price of the loanable funds.

3 0
3 years ago
Johnny Appleseed and Company ships all of the apples from its orchards in the Pacific Northwest to a single buyer in Japan. The
Shtirlitz [24]

Answer:

Is not a multinational corporation

Explanation:

A multinational corporation possess facilities and other assets in at least one country apart from its home country. A multinational company generally has offices and lots of factories in different countries. They have a central head office in which they coordinate global management. A multinational corporation has its business in more than one country.

Johnny Appleseed and company supplies their product only to one country(Japan), this makes them a -multinational corporation.

6 0
3 years ago
What is the act of working in exchange for an income.?
Neporo4naja [7]

Employment is the act of working in exchange for an income.

 

Employment is a relationship between two parties, usually based on a contract where work is paid for, where one party, which may be a corporation, for profit, not-for-profit organization, co-operative or other entity is the employer and the other is the employee.

3 0
3 years ago
Augustus Company is considering investing in new equipment. Based on the following, what is the Average Annual Operating Income
sladkih [1.3K]

Answer:

$50,000

Explanation:

Estimated Cost of New Equipment = $500,000

Useful life in years = 5

Estimated Residual Value = $50,000

Expected New Cash Inflows over life of asset = $700,000

Annual depreciation expense = (Estimated Cost of New Equipment-Estimated Residual Value)/Useful life in years

= ($500,000 - $50,000) / 5

= $450,000 / 5

= $90,000

Average annual cash flow = Expected New Cash Inflows over life of asset/ Useful life in years

= $700,000/5

= $140,000

Average annual operating income = Average annual cash flow - Annual depreciation expense

= $140,000 - $90,000

= $50,000

3 0
3 years ago
Projects often include indirect costs that are necessary to keep the organization running, but are not associated with one speci
Sedbober [7]

Answer:

The correct answer is:

executive salaries, utilities and insurance (C.)

Explanation:

Indirect costs are  costs that are not directly attributable objectively to a good, project, facility or service. Indirect costs are either fixed or variable. Fixed indirect costs are costs that do not change as the units/volumes of production  change, while variable indirect costs are costs that change with change in production units. Indirect cost can also be classified as either recurring or fixed. Recurring indirect costs are those that are repeated in nature, example is salaries of laborers, while fixed indirect can be cost of transportation. In this example, executive salaries, utilities and insurance are not directly attributable to a specific project at hand; the executives do not partake in the project hands-on, insurance and utilities such as electricity rent are not project-specific and it is financially infeasible to do so.

On the other hand, direct costs are costs that are directly attributable to the object, and it is financially feasible to do so, hence travel cost, labor, consultant and subcontractors costs, and material costs are all directly linked to the project (object).

3 0
3 years ago
Other questions:
  • How could the government fight inflation?
    11·1 answer
  • Some part of income inequality is likely to be the result of discrimination. But other factors responsible for inequality includ
    6·1 answer
  • Sandy is a personal financial planner at Pro-Future, Inc. Pro-Future is a financial company that focuses on personal and busines
    9·1 answer
  • Global Blenders sells goods and services that other companies offer but does not provide any organization with the input resourc
    11·2 answers
  • Suppose you deposit $116 today, $135 in one year, and $885 in two years in an account that pays an annual rate of interest of 14
    14·1 answer
  • A disadvantage of forming a partnership is that ownersa) can find it tougher to start and stop a business.b) can find it more di
    9·2 answers
  • With current technology, suppose a firm is producing 800 loaves of banana bread daily. Also assume that the least-cost combinati
    14·1 answer
  • Josh, an electronics retailer, noticed that the e-commerce business was booming. He started an online shopping website to take a
    9·1 answer
  • Beverly works at a specialty kitchen store. The manufacturer of a brand of gourmet mustard that is sold through her store pays h
    5·1 answer
  • A company's triple bottom line measures which aspects of its performance? (choose every correct answer.)
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!