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2 years ago

Explain how international trade allows a country to move beyond its production possibilities frontier.

Business

1 answer:

Digiron [165]2 years ago

6 0

Answer:

Increased international trade, especially exports, increases production efficiency which allows a country to move beyond its production possibilities frontier.

Explanation:

In business terms, a production possibilities frontier is a curve that shows how much two products in an economy are able to produce when the two products are competing over the same limited resources. The curve can also be used to determine the quantity of a product that can be produced in an economy when the economy is working at its maximum efficiency. There are many factors that affect the production possibilities frontier, namely;

International trade:

Trade is the exchange of goods and services for commercial interests. International trade involves trade between countries. Most countries trade in the form of exports and imports. Exports are goods and services taken to foreign countries while imports are goods and services received from other countries. When there are greater exports than imports, it means that more of your goods and services are on demand by other countries thus makes your currency stronger. An increased demand for domestic goods and services increases production efficiency which allows a country to move beyond its production possibilities frontier.

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Holding other factors constant, if new technology becomes available that allows machines to produce manufactured goods more quic

Ber [7]

Answer: Increase; increase

Explanation:

Efficiency is so vital to business and manufacturing. The ability of a business to produce and curb minimal loss will give a boast on production and encourage manufacturers to do more, especially when they have the ability to produce in large quantity (by batches) and still get a good ratio for the number of goods manufactured. This is where machines has aided productivity, as they were introduced, productivity increased and they were minimal loss and time waste when producing. When technology allows for more of this effective machines, manufacturers will produce more and there would be a boast in investment.

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3 years ago

Why can wholesalers afford to offer trade discounts?

wariber [46]

Answer:

Wholesalers buy products from manufacturers at a lower price than other businesses because they receive discounts for volume buying.

Explanation:

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3 years ago

Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for Mar

torisob [31]

Answer:

To Determine

Job order costing

Job order cost system provides a separate record of each particular quantity of product that passes through the factory. Each quantity that is manufactured in the business is known as job. Job order costing is used when the product produced are significantly different from each other.

To record: the journal entry to record all the summarized operations.

View image for journalized entry.

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3 years ago

What are the determinants of supply? Instructions: In order to receive full credit, you must make a selection for each option. F

inysia [295]

Answer:

Number of producers

Prices of other goods

Technology

Resource prices

Explanation:

Supply is the total amount of goods and services available to consumers in a market

The higher the number of producers, the higher the number of goods produced and the higher the supply all things being equal. The reverse would be the case if the number of producers fall.

If the price of other good increases, it would be more profitable to produce the other goods. As a result, the number of producers available to good would reduce.

Technological progress that reduces cost of production and makes production more efficient, would lead to an increase in supply.

If the price of inputs increases, it becomes more expensive to produce the good and as a result, supply would fall.

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3 years ago

Read 2 more answers

While it may not be possible to make the receiver happy when you deliver bad news, you can reduce bad feelings by structuring yo

OlgaM077 [116]

Answer:

Care and concerned use A) Unnderstanding
open to bad news C) When it may benefit them or somebody else
Candidate interview... C) close with good wishes D) Buffer the opening
Forgot to turn in report .... B) Accept responsibility of the mistake D) Apologize with sincerity
Bakery customer ... A) Defensive remark B) freebie or promotional discount C) a statement of company policy regarding refund
It provides no explanantion. A) It makes a promise that might br difficult to keep

Explanation:

To make somebody feel cared you must show understanding of his/her problems.
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Defend your product with a remark that would gain understanding of the customer. Adhere to the company policy and offer something to make the customer happy
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3 years ago