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steposvetlana [31]
3 years ago
13

Which of these statements best represents the law of demand? when buyers' tastes for a good increase, they purchase more of the

good. when income levels increase, buyers purchase more of most goods. when the price of a good decreases, buyers purchase more of the good. when buyers' demands for a good increase, the price of the good increases?
Business
1 answer:
seropon [69]3 years ago
5 0
<span>when the price of a good decreases, buyers purchase more of the good
</span>

<span>The microeconomic law called the law of demand is about the concept that considering that all other aspects are equal, when prices of services or goods increase, consumers’ demand for such services or goods decrease. In the same way, as the price of services or goods decrease, consumers buy more of such goods and services. </span>


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List two reasons why it is a good idea to analyze all the cost(s) of using a credit card before making a purchase.
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During the 1960s, u.s. firms created just over _____ of worldwide foreign direct investment and british firms were second accoun
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During the 1960s,US. firms created just over <u>65%</u> of worldwide foreign direct investment and British firms were second accounting for just over 10 percent.

<h3>What is meant by foreign direct investment?</h3>

Foreign direct investment (FDI) is known to be a type oof cross-border form of investment.

Note that it it one where an investor that is known to  resident in one economy set up a lasting interest in and a  vital extent of influence over a firm that is found  in another economy.

Therefore, note that during the 1960s,US. firms created just over <u>65%</u> of worldwide foreign direct investment and British firms were second accounting for just over 10 percent.

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6 0
1 year ago
A nation that has a comparative advantage in producing a good or service compared to
NNADVOKAT [17]

Answer:

Opportunity cost

Explanation:

A country is said to have a comparative advantage in producing a good, if it has a lower opportunity cost of producing that good in comparison to the other country. For instance if the opportunity cost of producing Wheat in U.S is 2. While that in China is 1. It shows that China has a comparative advantage in producing wheat as compared to the U.S.

So a nation that has a comparative advantage in producing a good or service compared to the other nation can produce that good or service with a lower opportunity cost.

Efficiency, Profit and Resource cost are not directly related to comparative advantage. Although efficiency can contribute towards lower opportunity cost but it is not a scale used for international trade.

Thus, lower opportunity cost is the best alternative.

3 0
2 years ago
On September 25, 2014 Colson Corp. sold 200,000 widgetrons to Cavanaugh Corp at $5 per unit. Half of the units were delivered on
scoundrel [369]

Answer:

Colson's Total revenue in 2014=$700,000

Explanation:

This can be expressed as;

Colson's total revenue in 2014=Initial amount paid+First installment paid on November 15, 2014

where;

Initial amount paid=40% of Contract price

Contract price=Cost per unit×Number of units=(5×200,000)=1,000,000

Initial amount paid=(40/100)×1,000,000=$400,000

First Installments paid=(Contract price-Initial amount paid)/2

(1,000,000-400,000)/2=300,000

Replacing in the expression above;

Colson's Total revenue in 2014=(400,000+300,000)=$700,000

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3 years ago
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