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Andrews [41]
3 years ago
5

A comparative advantage is the ability of a country to produce a particular good or service at a lower ____________ than another

country. a. opportunity cost b. production cost c. absolute advantage d. manufacturing advantage Please select the best answers from the choices provided. A B C D
Business
1 answer:
kotykmax [81]3 years ago
5 0

Answer

Hi,

Correct answer option is {a}

Explanation

Comparative advantage occurs when a nation produces a good or service for a lower opportunity cost than other countries. In this case, the advantages of buying their goods or services will surpass the disadvantages. This is to say that country may not be the best nation in production of a particular good or service but the good or service offers a low opportunity cost for other nations to import. A good example is oil-producing nations who have a comparative advantage in chemicals because the oil is locally produced thus a cheap raw material for chemicals as compared to nations without oil production.

Best of Luck!

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By offering a free dog biscuit with each cup of coffee, the Coffee Collective entices customers to visit its shop during the pet
Anna [14]

Answer:

b. Sales promotion

Explanation:

Sale promotions are activities that a company engages in to persuade a potential customer to buy its products. Sale promotions  are short-term tactics to boost sales.  Although a business may get long-term customers through sales promotions, there are designed to entice new customers in the short-run.

Sales promotions encourage customers to switch brands or try out a different product. They are ideal when introducing new products in the market. Howerver, they are costly, and sometimes have a short term effect on sales.

This case uses a free sample technique ( free dog biscuits) as the promotion method. Other ways of conducting sales promotions include discount vouchers, free money coupons, and competitions.

5 0
3 years ago
A labor contract provides for a first-year wage of $15 per hour, and specifies that the real wage will rise by 2 percent in the
eduard

Answer:

$17.9469

Explanation:

Calculation for what dollar wage must be paid in the third year

Since the first year is tend to be the base year in which the real wage and nominal wage are both $15 per hour in that year.

The real wage is suppose to increase by 2 percent in the second year which means that the real wage in year two will be $15.30 ($15 * 1.02) per hour.

In a situation where the real wage was supposed to also increase by 2 percent in the third year, this means that the real wage in year three will be $15.606 ($15.3 * 1.02) per hour.

Therefore In order for us to find the nominal wage in third year , we have to index the real wage in order for it to adjust for inflation. Thus the nominal wage in third year will be $17.9469($15.606 * 1.15).

Therefore what dollar wage must be paid in the third year will be $17.9469

3 0
3 years ago
Penny thinks that the price of books will decrease next week.
Slav-nsk [51]

Answer:

c

Explanation:

5 0
3 years ago
Read 2 more answers
In making adjusting entries at the end of its accounting period, chao consulting failed to record $3,700 of insurance coverage t
Rama09 [41]

It is given that the company failed to record $3,700 of insurance coverage that had expired and accrued salaries expense of $2,250. It means the company has failed to record the total expenses of (3700+2250) = $5,950. This understatement of the expenses shall result in an overstatement of the income in the Income statement. Further, it will also result in the overstatement of assets (Prepaid Insurance) by $3,700 and understatement of liabilities for salaries payable by $2,250.


As a result of these two oversights, the financial statements for the reporting period will show overstatement of the income by $5,950 in the Income statement and overstatement of assets (Prepaid Insurance) by $3,700 and understatement of liabilities for salaries payable by $2,250 in the balance sheet.



3 0
3 years ago
Which of the following is a function of the Federal Reserve System Board of Governors?
vfiekz [6]

Answer:

The answer is below

Explanation:

The Federal Reserve System Board of Governors is one of the five branches of the Federal Reserve System. Their roles involve carrying out the analysis of economic data, executing supervision of Reserve Banks, establishing and overseeing financial regulations.

The board comprises seven members with 14-year terms. They also partake in the Federal Open Market Committee and as well liaising with leaders in other parts of the government.

4 0
3 years ago
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