Under which of the following conditions are consumers entitled to a free credit report?

(c) the limits of the terms of trade are determined by the comparative cost conditions in each country before trade: 1a

Lorico [155]

The limits of the terms of trade are determined by the comparative cost conditions in each country before trade:

Less commerce occurs as a result of partial specialization and rising costs than when costs are constant. The cost advantage one country has over another serves as the foundation for commerce. This explains why some countries make things that they also import since they are able to do so for less money than their trading partners.

What is comparative cost ?

Comparative costs refers to comparing, using a comparative costs approach, the costs of signing into a privatized contract to the expenses of the state maintaining to provide the services that are the subject of the contract.

Therefore,

Less commerce occurs as a result of partial specialization and rising costs than when costs are constant. The cost advantage one country has over another serves as the foundation for commerce. This explains why some countries make things that they also import since they are able to do so for less money than their trading partners.

To learn more about comparative cost from the given link:

brainly.com/question/8141905

3 0

2 years ago

An account with a financial institution used to pay taxes and insurance is called _____

Otrada [13]

An account with a financial institution used to pay taxes and insurance is called An escrow account.

Answer is An escrow account

5 0

3 years ago

Read 2 more answers

Global Company makes a product that is expected to use 2.2 pounds of material per unit of product. The material has a standard c

avanturin [10]

Answer:

Favorable for price and unfavorable for usage.

Explanation:

Provided Information,

Standard Material = 2.2 pounds per unit

Standard cost = $2 per pound

Actual Quantity = 2.3 pounds per unit

Actual cost = $1.95 per pound

In Material Price variance we have = (Standard Price - Actual Price) $\times$ Actual Quantity

Since Standard Price $2 is more than actual price = $1.95 the variance is favorable.

In material quantity variance we have = (Standard Quantity - Actual Quantity) $\times$ Standard Rate

Since actual quantity used = 2.3 pounds is more than standard 2.2 pounds the variance will be unfavorable

Therefore, Price Variance = Favorable, and Quantity Variance = Unfavorable.

7 0

4 years ago

Wolfe Company had the following beginning inventory and purchases during 2018 Date Transaction Number of units Unit Cost 1/1 Beg

forsale [732]

Answer:

Wolfe Company

The amount of:

LIFO FIFO Weighted Average

Ending inventory $50,500 $65,100 $58,005

Cost of goods sold $113,200 $98,600 $105,698

Explanation:

a) Data and Calculations:

Date Transaction Number of units Unit Cost Cost Value

1/1 Beginning inventory 2,000 $22.00 $44,000

4/12 Purchase No. 1 2,300 $26.00 59,800

7/11 Purchase No. 2 800 $28.00 22,400

10/5 Purchase No. 3 1,250 $30.00 37,500

Total inventory available 6,350 $163,700

Wolfe sold 4,100

Ending Inventory 2,250

LIFO

Ending Inventory = $50,500 (250 * $26 + 2,000 * $22)

Cost of goods sold:

4/12 Purchase No. 1 2,050 $26.00 53,300

7/11 Purchase No. 2 800 $28.00 22,400

10/5 Purchase No. 3 1,250 $30.00 37,500

Total cost of goods sold = 4,100 $113,200

FIFO:

Ending Inventory = Cost of goods available for sale - Cost of goods sold

= $65,100 ($163,700 - $98,600)

Cost of goods sold:

1/1 Beginning inventory 2,000 $22.00 $44,000

4/12 Purchase No. 1 2,100 $26.00 54,600

Total cost of goods sold = $98,600

Weighted average:

Weighted average cost = $25.78 ($163,700/6,350)

Ending inventory = $58,005 (2,250 * $25.78)

Cost of goods sold = $105,698 (4,100 * $25.78)

4 0

3 years ago

How media you have seen/used/participate in has depicted canada and how it has shaped your understanding and knowledge of the co

ss7ja [257]

Answer:

Explanation:

B

7 0

3 years ago