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3 years ago

Is absolute advantage or comparative advantage more important for trade?

1 answer:

6 0

Comparative advantage is more important for trade. Absolute advantage involves production at economical rate using the cheapest, fastest and lower inputs while comparative advantage refers to having the lower opportunity cost and sacrificing less in order to produce a particular good. Comparative advantage is better for trade because when companies focus on production of goods on which they have comparative advantage, total production in the economy will increase.

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Sell or Process Further Rise N' Shine Coffee Company produces Columbian coffee in batches of 6,000 pounds. The standard quantity

astra-53 [7]

Answer:

Please see attachment

Explanation:

Please see attachment

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4 years ago

To reduce the effects of crowding out caused by an increase in government expenditures, the Federal Reserve could

Alexxandr [17]

Answer:

D) Increase the money supply by buying government securities

Explanation:

When public investment crowds out private investment, it is because the government is making use of all, or most of the supply of loanable funds in the economy. This causes the interest rates to rise, making it more expensive for the private sector to borrow and invest.

The Central Bank can step in and help solve this problem by lowering the interest rate. It can do so by buying government securities. The money used to buy these securities enters the economy, making the money supply grow, including the supply of loanable funds, causing the interest rate to fall.

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3 years ago

When an incident occurs and relevant agencies or departments are dispatched to the scene, the lead agency assumes Incident Comma

kifflom [539]

Answer:

When an incident occurs and relevant agencies or departments are dispatched to the scene, the lead agency assumes Incident Command and a PIO is designated. This person is usually A full-time PIO whose role has been predetermined in emergency plans and SOPs- B.

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4 years ago

Read 2 more answers

The field of operations management is shaped by advances in which of the following fields?

Debora [2.8K]

Answer:

management science

Explanation:

Operations management refers to the area of management whose primary concern is the design and control of production as well as the redesigning of business operations.

It is a very important aspect of management. Advancement in management sciences leads to advancement in operations management.

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3 years ago

pshichka [43]

Explanation:

similarities between marketing research and marketing intelligence systems

Marketing research and Marketing intelligence systems they both provide information about markets that help the small companies to study and analyze their sales and markets

differences between marketing research and marketing intelligence systems

Marketing intelligence is available information or data that small business partners used to study the businesses, political and competition.

Marketing intelligence system data gathered repeatedly over time.

Market Research is not existing data or information. Companies do a survey to collect marketing research data.

Marketing research data gathered at one particular point.

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4 years ago