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babymother [125]
3 years ago
5

When a country can produce a product more cheaply than its trading partners, it is known as __________?

Business
1 answer:
Mashutka [201]3 years ago
7 0
When a country can produce a product more cheaply than its trading partners, it is known as: <span>comparative advantage
For example, United States often imported exotic fruits from Brazil. Since Brazil is a tropical country, the cost in producing exotic fruits will be significantly lower compared to growing it in the United States. Therefore, we can say that brazil has a comparative advantage in this product compared to united states.</span>
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Which of these principles did adam smith believe essential to the survival of an economy?.
Makovka662 [10]

There are different kinds of theory. The principles that Adam Smith believe essential to the survival of an economy is the freedom to land and hold on to business profits.

<h3>What kinds of freedom did Adam Smith believe were vital to the survival of any economy? </h3>

Adam Smith was known to believe that the making of more resources available to all can make us to be more wealthier.

He believed freedom was important, such as the freedom to own land or property and hold on to the profits. He believed that people will participate in working very well, if they are given reward.

L earn more about Adam Smith from

brainly.com/question/50

3 0
2 years ago
What will happen to your credit score if you do not manage your debt wisely?
galina1969 [7]

Answer:

it will go down

Explanation:

common sense  

6 0
3 years ago
Read 2 more answers
Assume that Jack and Hal and Sophia enter into an agreement for the sale of the restaurant. Hal and Sophia get a loan from the F
QveST [7]

Answer:

The best answer would be C. Fourth National Bank made an assignment.

Explanation:

The Fourth National Bank made an allocation of the loan as it was belonging to the Bank of North America stating that they got a loan.

6 0
3 years ago
Meredith, Linda, and Peter are working together in a project team at a home appliances company. They had to select two out of fi
I am Lyosha [343]

Answer:

a) avoiding

b) accommodation

Explanation:

a) Meredith feels uncomfortable with confrontations, she chooses to remain neutral while staying away from the discussion, so it is correct to say that she used the style of avoiding conflict resolution, which occurs when individuals prefer to avoid a situation that can generate conflicts as in the case described in the matter, and so they prefer to act diplomatically avoiding confrontations and not giving opinions contrary to a given situation.

b) Linda used the accommodation style as she gave in to Peter's demands for the choice of products. In this style, the individual values ​​the relationship with the other individual above his personal opinion, and therefore gives up on maintaining the conflict because of a situation that is less important to him than the maintenance of the relationship.

4 0
3 years ago
In the current year, Joel has a passive activity loss of $15,000 from a limited partnership interest in XYZ, LP. He also has sus
anygoal [31]

Answer:

the  net impact on these items is $5,000 gain

Explanation:

The computation of the net impact on these items is as follows;

Net effect is

= Gain - Loss - suspended loss

= $50,000 - $15,000  - $40,000

= $5,000 gain

hence, the  net impact on these items is $5,000 gain

We simply applied the above formula so that the correct value could come

And, the same is to be considered

7 0
3 years ago
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