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3 years ago

True or False: The gains from specialization and trade include the elimination of scarcity. This is _____.

Business

2 answers:

allochka39001 [22]3 years ago

8 0

The answer to this question is False

zalisa [80]3 years ago

5 0

I think the answer is true

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If country ABC can produce a unit of good 1 by sacrificing fewer units of good 2 than can country XYZ, it is correct to say that

Zinaida [17]

Answer:

has a comparative advantage in producing good 1

Explanation:

A country has comparative advantage in production if it produces at a lower opportunity cost when compared with other countries. Country abc has a comparative advantage because it sacrifices fewer quantities of good 2.

Country abc should specialise in production of good 1, while country xyz should import from country abc.

A country has an absolute advantage in the production of a good or service If it produces more quantity of the good compared with other countries.

I hope my answer helps you

4 0

3 years ago

North American Van Lines and Allied Van Lines combined in a _____ merger that will create the world's largest moving company. Pr

8_murik_8 [283]

Based on the type of customers that both companies served, this is a <u>horizontal merger. </u>

<h3>What is a horizontal merger?</h3>

This refers to a situation where companies in the same industry but with different market targets combine.
This is often done to increase market share and efficiency.

North American Van Lines and Allied Van Lines targeted different customers so when they merged, this was a horizontal merger.

Find out more on horizontal mergers at brainly.com/question/1807854.

5 0

3 years ago

Imagine you are a manager at Trader Dan's grocery store. You've been tasked with analyzing the checkout lines to see if anything

Bad White [126]

Answer: answer is 2.5

Explanation:

7 0

3 years ago

Bravo! You did a great job. I bet you are ready to further evaluate your learning

Ede4ka [16]

Where are the sentences

5 0

4 years ago

The balance in the unearned fees account, before adjustment at the end of the year, is $900,000. Of these fees, $775,000 have be

Sloan [31]

Answer:

(a) Debit Unearned fees account $775,000

Credit Fees revenue account $775,000

(b) Debit Unbilled receivables $289,500

Credit Fees revenue account $289,500

Explanation:

When fees are received in advance but yet to be earned, a debit is posted to cash account and a credit to unearned fees. When revenue is earned, credit revenue and debit unearned fees.

As such, given that before adjustment at the end of the year, is $900,000. Of these fees, $775,000 have been earned. Adjusting entries required

Debit Unearned fees account $775,000

Credit Fees revenue account $775,000

Being entries to record revenue earned.

Also given that $289,500 of fees have been earned but not billed to clients, entries required are

Debit Unbilled receivables $289,500

Credit Fees revenue account $289,500

Being entries to accrue for revenue earned but yet to be billed.

6 0

3 years ago