Answer: The correct answer is "a. comparative advantage.".
Explanation: Specialization and trade are closely linked to <u>comparative advantage.</u>
The comparative advantage is the ability of a person, company or country to produce a good using relatively less resources than another.
The concept of comparative advantage is one of the basic foundations of international trade.
The theory of comparative advantages postulates that each country in question will specialize in what is most efficient. At the same time, it will import the rest of the products in which they are most ineffective in terms of production.
China and America the largest global business opportunities for the next decade
Answer:
$11 million
Explanation:
The computation of the paid-in capital - excess of par is shown below:
= Combined cash amount - sale value of the bond - share value amount
= $22 million - $9 million - $2 million
= $11 million
The share value amount is computed below:
= 2 million shares × $1
= $2 million
This $11 million would record in the paid-in capital - excess of par.
Since we have to determine this amount so we deducted the sale value and the share value amount from the combined cash amount so that accurate value can come.
Answer:
4.5minutes
Explanation:
The best mean minutes for fish waiting and cleaning is 4.5 minutes.
As said in the question that, clients request for this service every 8minutes, and it is a worker that is in charge of this service per branch, this means that if the worker is using 4.5 minutes to attend to a client, he or she will still have another 3.5 minutes to prepare for another customer. And this will definitely make the job easier for him or her, which means the worker will not be bombarded with request. And this will make him or her to render the best service to the customers.
Answer:
a. a decrease in the price of wool shirts and a decrease in the price of raw cotton
Explanation:
A decrease in the price of wool shirts would lead to an increase in demand for wool shirts and a decrease in demand for cotton shirt. Cotton and wool shirts are substitutes goods. Price would fall and quantity would fall. A decrease in the price of raw cotton would increase production of cotton shirts and the supply of shirts would increase. This would lead to a rightward shift in the supply curve. Quantity would increase and price would fall. The combined effect of this would lead to an unambiguous decrease in price.
I hope my answer helps you
