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vagabundo [1.1K]
3 years ago
13

When a country has a comparative advantage in the production of a good, it means that it can produce this good at a lower opport

unity cost than its trading partner. then the country will specialize in the production of this good and trade it for other goods?
Business
1 answer:
lara31 [8.8K]3 years ago
7 0
<span>Comparative advantage is an economic law referring to the ability of any given economic actor to produce goods and services at a lower opportunity cost than other economic actors.

Thus, w</span><span>hen a country has a comparative advantage in the production of a good, it means that it can produce this good at a lower opportunity cost than its trading partner. then the country will specialize in the production of this good and trade it for other goods.</span>
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Carol really doesn't like her new boss and is not happy with the new tasks she's been assigned and the long hours she's been wor
Alinara [238K]

Answer:

4)Low job satisfaction

Explanation:

From the question, we are informed that Carol really doesn't like her new boss and is not happy with the new tasks she's been assigned and the long hours she's been working. But she still truly believes in what the company is trying to accomplish.

In this case , Carol has Low job satisfaction.

Whenever an employee job

has satisfaction, he/she will be motivated, it always result to efficiency in the part of employees, they ten to work harder for acheiving the goal of the organization which in turn result to good overall performance of the organization. But in the situation whereby an employee has

Low job satisfaction, the reverse is the case, he/she will not be happy with task given to him/her, no motivation.

Factors that improve Low job satisfaction are;

✓Assuring job security for employee

✓Job benefits

✓Good relationship between employee and employer.

6 0
3 years ago
Daniel had been earning ​$67 per hour and working 45 hours per week. Then​ Daniel's wage changes to ​$76 per​ hour, and as a​ re
Liula [17]

Answer:

Explanation:

When we talk about wages and labor hours, we can observe the choice a worker has between leisure and work. In this case, Daniel's wage increased from $67 to $76 per hour, meaning that for him, work becomes more profitable than leisure, as he's earning more per hour that he works. In this case, the substitution effect shows how attractive it can be for Daniel to give up leisure to do more hours of work because of a higher reward. However, as his wage is higher now, the income effect highlights the possibilities of keeping up with a decent standard of living, without spending as many hours as he did before working. He has the possibility to increase his leisure hours, as he's been paid more per hour worked.

4 0
4 years ago
In addition to the Small Business Job Protection Act of 1996 encouraging small businesses to allow employees to enroll into a 40
Elanso [62]

Answer:

100%

Explanation:

401(k) plans are financial provisions that guarantee financial security after retirement. Prior to the Small Business Job Protection Act of 1996, these provisions were bogus and difficult to understand/comply with by businesses. The Act simplifies the requirements and allows employees to enroll in the 401(k) plans where the annual contributions testing is bypassed. Employees vest 100% of their salary. This means that they cannot forfeit all the money contributed. After retirement, they can benefit from their deferrals and profits.

6 0
3 years ago
Alice was recently criticized for the poor performance of her store this quarter. When Alice stated that profits for the company
kobusy [5.1K]

Answer:

a. inoculation

Explanation:

THESE ARE THE OPTIONS FOR THE QUESTION

a. inoculation

b. inductive reasoning

c. deductive reasoning

d. cognitive dissonance

From the question we are informed about Alice who was recently criticized for the poor performance of her store this quarter. When Alice stated that profits for the company overall were down for the quarter, she mentioned that recent highway construction in front of her store was the main reason for low profits. She presented reports that compared store sales along the highway versus other stores in her town to prove her point. This case is an example of inoculation.

Inoculation approach can be regarded as a approach that is utilized in comparative advertising campaign so that consumer resistance can be built

to competitive products. This term was

derives from the medical term of

prevention of disease through the use of inoculations of little weakened doses of that disease so that natural defense system so that the body could be stimulated. For instance, inoculation message can be designed so that

teen cigarette smoking can be

discouraged.

7 0
3 years ago
_____ are strategic business units that compete in a low-growth market but hold considerable market share.
ryzh [129]

Answer:

Cash cows

Explanation:

Cash cows are one of the four classifications of the Boston Consulting Group Matrix, the other three being dogs, stars, and questions marks.

Cash cows are products or services that hold a large market share, in a slow-growing industry. They are called cash cows because from the sales they generate, other products or services in fast-growth industries can be financed (for example, question marks or starts).

In other words, cash cows are "milked" to generate operating cash flow that can be either re-invested or distributed as profit.

4 0
3 years ago
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