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
marusya05 [52]
3 years ago
11

When a country is not able to produce a good more efficiently than other nations, but produces the good more efficiently than it

does any other good, it is said to have a(n) ________.
Business
1 answer:
nikitadnepr [17]3 years ago
3 0

Answer:

The answer is comparative advantage.

Explanation:

Comparative advantage is when a country is able to produce goods and services at a lower opportunity cost than its trading partners. That means a labour can produce more goods per hour than a labour in its trading partner's country.

A country with a comparative advantage will be able to charge lower price for what she is specialising on.

You might be interested in
If $525,000 of bonds are issued during the year but $210,000 of old bonds are retired during the year, the statement of cash flo
geniusboy [140]

Answer and Explanation:

Given:

Issue of new bonds price = $525,000

Retired price of  bonds = $210,000

It is given that new bonds price a $525,000 issue and the value of retire Bond price will $210,000.

Issue of new bonds will increase cash by $525,000 because business gets cash from the issue of bonds and retire off the old bond will decrease cash by $210,000.

7 0
3 years ago
Some part of income inequality is likely to be the result of discrimination. But other factors responsible for inequality includ
balandron [24]

Answer:

Differences in abilities and talents

Explanation:

Income inequality refers to variation or discrepancy between income levels of individuals. Income inequality arises on various accounts one of which being, difference in abilities and talents.

All individuals possess different skill sets and their efficiencies vary too. Some individuals are more creative and talented than others while some are more laborious and hardworking.

Each skill set has it's own demand and thus, income is fixed as per the demand of a particular skill set for a given sector.

This leads to some earning lot more than others and differences in pay scales as per the abilities individuals possess.

6 0
3 years ago
Suppose a tax of $4 per unit is imposed on a good, and the tax causes the equilibrium quantity of the good to decrease from 2,00
Marina CMI [18]

Answer:

option (c) $600

Explanation:

Given:

Tax = $4 per unit

Initial equilibrium quantity = 2,000 units

Final equilibrium quantity = 1,700 units

Decrease in consumer surplus = $3,000

Decrease in consumer surplus = $4,400

Now,

Deadweight Loss is calculated using the formula:

Deadweight loss

= \frac{1}{2} × Tax × (Original equilibrium quantity - New equilibrium quantity)

on substituting the respective values, we get

Deadweight loss = \frac{1}{2} × 4 × (2,000 - 1,700)

or

Deadweight loss =  2 × (3)  = $600

Hence,

the correct answer is option (c) $600

4 0
3 years ago
How much would you have to invest today in the bank at an interest rate of 10% to have an annuity of $5600 per year for 7 years,
Shtirlitz [24]

Answer:

PV = $27,263.15

It will be needed to deposit the lump sum of $27,263.15

Explanation:

The question is asking for how much will you need to deposit in a lump sum  today to withdraw for seven years the sum of $5,600 with an interest rate of 10%

In other words it is asking us for the preset value of an annuity of $5,600 with interest of 10%

Using the present value of an annuity formula of $1 we can solve for the present value of that annuity, which is the amount needed to generate this annuity

C * \frac{1-(1+r)^{-time} }{rate}= PV\\

We post our knows value and solve it:

5,600 * \frac{1-(1+0.10)^{-7} }{0.10}= PV\\

PV = $27,263.15

8 0
3 years ago
A firm pursuing a best-cost provider strategy A. seeks to achieve the best costs by using the best operating practices and incor
Eduardwww [97]

Answer:

The correct answer is letter "D": seeks to deliver superior value to buyers by satisfying their expectations on key attributes and beating rivals in meeting customer expectations on price.

Explanation:

Best-cost provider is a strategy by which suppliers attempt to provide consumers with high-quality products using methods of production that reduce costs. By doing so, suppliers would give more value to the money of their customers while meeting their expectations on the product purchased at the same time.

As production costs are lower, suppliers would be generating a comparative advantage.

3 0
3 years ago
Other questions:
  • Wilfrid laurier university bookstore conducts annual surveys of its customers. using xlstat answer
    14·1 answer
  • How unemployment is impacting on the south africa economy?
    8·1 answer
  • What is payroll withholding?
    6·2 answers
  • An editor would like to see every sentence containing the word “cat” that appears in a PowerPoint presentation. Which options sh
    9·2 answers
  • What contributions can a career management program make to an organization that is forced to downsize its operations?
    14·1 answer
  • Interest rate​ (with changing​ years). Keiko is looking at the following investment choices and wants to know what annual rate o
    9·1 answer
  • _______ is a great way to broaden or narrow your search.
    5·2 answers
  • A manufacturing company had been under pressure to increase profits, so it
    7·2 answers
  • Which is the most effective way to discover customers' needs? multiple choice question. regulatory oversight marketing research
    14·1 answer
  • if keynesian economists were analyzing the oncoming recession starting in 2007 from the housing market crash, what might they ha
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!