Answer:
C. A country can specialize in producing that for which it has a comparative advantage and then trade for other needed goods and services.
Explanation:
<em>Comparative advantage</em> is simply evaluating the opportunity cost of other benefits or costs, if the country is opting to choose for a specific category of goods for production purposes.
For example, let's say US can produce 20 Television (TV) sets and 50 Air Conditioners in a month. Here, the opportunity cost of producing 1 TV set is 50/20 i.e. 2.5 Air Conditioners. Similarly, the opportunity cost of producing 1 Air Conditioner (AC) is 20/50 i.e. 0.4 TV set. Hence, US should produce Air Conditioners over TV sets as per <em>Comparative Advantage</em> concept.
Take another example, let's say UK can produce 50 Television (TV) sets and 20 Air Conditioners in a month. Hence, the opportunity cost of producing 1 TV set is 20/50 i.e. 0.4 Air Conditioner. On the other hand, the opportunity cost of producing 1 AC is 50/20 i.e. 2.5 TV sets. Thus, UK should produce TV sets over AC's as per <em>Comparative Advantage </em>model.
Hence, US should export AC's to UK and import TV sets from UK to gain from specialization and trade.
<em> In this way nations can gain from specialization and trade by making use of Comparative Advantage theory</em>.
It is to be noted that <em>Absolute Advantage model </em>of Adam Smith is also good as it highlights production of that good by a country, which it can produce in large quantities with fewer resources and minimal time than any other nation in the world. But the <em>Comparative Advantage Model </em>developed by David Ricardo considers opportunity cost and is much more refined than Absolute Advantage Model.
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Answer:
Option B is the correct answer.
Explanation:
Business permits regulate the safety, structure, and appearance of the business community. They act as proof that a business follows specific laws and ordinances. Requirements differ by jurisdiction, and failure to comply often results in fines or even having the business shut down. Therefore, most businesses need a general business license to operate in a particular county or city.
Thus, the permit departments are helpful in conversion investigation efforts by identifying the nature and location of businesses, new leases, and recent constructions.
Option B is the correct answer.
<span>The consumer surplus is $9,237,704,920</span>
Answer:
Firstly, I would like to decide I want to be self-employed or go for a job. Then I will find the plus point of each of the above. I will find in deep the benefits, and then decide which to choose. However, my interest will be the first thing to think of while selecting one out of the two. Then I will find what type of loans can I get, or how to find the investors if I opt for self-employment and hence business, And then I will decide which type of business to start like as a sole proprietor or public-private or various others. Then I will find the tax-related details. Also what tax benefits I will be getting if I opt for a job or self-employment. Thus, I now end up with all important financial details, however, I will also study a nit of accounts if I opt for self-employment.
All the above are important for building a financial future as without this information we cannot complete our financial activities, Like if we do not have the tax information, we will not be able to fill our taxes properly no matter we are self-employed or doing a job. Also for self-employment and our own business, we need investment, and for that, we need to find out the investors, Also we need to find out the loans that are available to us as then only we will be able to arrange money when required. And we need to know what is right for us, self-employment or a job.
Explanation:
Please check the answer.
Dell works with software creators such as Oracle and Microsoft to help increase business sales of its servers and their software. This is an example of a strategic alliance.
A strategic alliance refers to a mutual bond between two companies that are arranged where they create their project while maintaining a certain degree of independence in decision-making.
- This agreement between two companies adheres to a set of mutually agreed upon clauses and protocols while remaining independent organizations in and of themselves.
- Strategic alliances are usually made in order to collaborate upon a project that ends up being beneficial for both the companies involved in the alliance, without hampering the independent capacities of any particular company.
- Strategic alliance helps by expanding into a newer market, introducing new products, and efficiently dealing with new and potential competitors.
Therefore, Dell works with software creators such as Oracle and Microsoft to help increase business sales of its servers and their software. This is an example of a strategic alliance.
Learn more about a strategic alliance here: brainly.com/question/4467038
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