Answer:
D. All the Above
Explanation:
A. Lead to greater productivity
This is true because through specialization and competitive advantages you can achieve greater productivity in the production of goods and services. If you have a competitive advantage, it is because you have more capital, infrastructure and specialized human capital in the production of a specific type of good or service so that a greater amount of that good can be produced than another country in the same time.
B. Lead to greater output even if you can do everything better than someone else.
This is true since although a country has a competitive advantage in all industries, concentrating its labor and capital in the production of the good or service in which it has the greatest competitive advantage will allow a higher level of production in that sole good/service than if he divided his resources into the production of other goods and services.
C. Lead to international trade and overall gains for the nations involved.
This point, despite being true, is debatable. In theory, international trade allows to reach greater levels of wealth to the countries involved by being able to exchange the goods in which they have competitive advantage for others that if they were produced in the country they would consume part of their resources by not having such high productivity as if it will trade with a country that does have the capacity to produce it.
Having this clear, we can say that all of the above are true, so the answer is D.
The ability to rapidly increase or decrease production levels, or shift from one product or service to another is known as capacity flexibility. Thus, the correct answer is C.
<h3>What is a product?</h3>
A product is refers as things or services which are use for sale. This product can both be tangible to use where as services are intangible which one can feel only.
The ability to modify total production capacity at any time by combining dependent and fixed resources is known as Capacity flexibility. All decision-making levels including strategic, tactical, and operational, contribute to make capacity decisions.
The most frequent method for increasing capacity is to add more workers, machinery, and space to the production line.
Therefore, option C capacity flexibility is the appropriate answer.
Learn more about product, here:
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Answer:
d. Shopping
Explanation:
Based on the scenario being described within the question it can be said that this flight is an example of a shopping product. This term refers to a product that consumers purchase very rarely, and because of this choose to compare prices between all the available options in the market because they do not know what a regular price range actually is for that product.
Answer:
Budgeted purchases = $71000
Explanation:
Below is the given values:
Direct material for the production = $70000
Ending raw material inventory = $3000
Beginning raw material = $2000
Budgeted purchases = Direct material for the production + Ending raw material - Beginning raw material
Budgeted purchases = 70000 + 3000 - 2000
Budgeted purchases = $71000
Answer:
the Amish use old materials and do most of there work by hand
Explanation:
doing thing by hand is more uniqUE and beautiful then machine work