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Nonamiya [84]
3 years ago
8

The principle of comparative advantage asserts that a. the world price of a good will prevail in all countries, regardless of wh

ether those countries allow international trade in that good. b. countries can become better off by specializing in what they do best. c. not all countries can benefit from trade with other countries. d. countries can become better off by exporting goods, but they cannot become better off by importing goods.
Business
1 answer:
Free_Kalibri [48]3 years ago
5 0

Answer:

b. countries can become better off by specializing in what they do best.

Explanation:

Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.

The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.

In 1817, David Ricardo who is an english political economist talked about the law of comparative advantage in his book “On the Principles of Political Economy and Taxation."

Also, the principle of comparative advantage asserts that countries can become better off by specializing in what they do best.

This simply means that, any country applying the principle of comparative advantage, would enjoy an increase in output and consequently, a boost in their Gross Domestic Products (GDP).

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Answer:

Q1. Selena will have earned <em><u>$ 25.00</u></em> in interest by the end of the year.

Since interest paid is 5% in simple interest, we can calculate that by using the formula:

SI = (P)(r)(t)

SI = (500)(0.05)(1) = 25

Q2. The balance in Suki's account at the end of two years will be <em><u>$866.2854.</u></em>

This means that she will have earned <em><u>$66.2854</u></em>  in interest.

Since interest is compounded quarterly, Suki will receive interest for 8 periods. The formula for compound interest with more than one interest period per year is:

\mathbf{A = (P)*(1+(\frac{i}{m})^{n*m}}

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A is the amount at the end of the period

P is the principal

i is interest rate per annum

m is number of compounding periods in a year

n is number of years

Substituting the values in the formula above we get,

A = (800)*(1+(\frac{0.04}{4})^{2*4}

A = (800)*(1.01)^{8}

\mathbf{A = 866.2853645}

Now, we calculate the interest earned by doing \mathbf{CI = A -P}.

\mathbf{CI = 866.2854- 800 = 66.2854}

Q3. It will take <em><u>18 years</u></em> for the money to double to $100.

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The following selected amounts are available for Thomas Company.Retained earnings (beginning) $2,500Net loss 200Cash dividends d
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Answer:

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Explanation:

As for the information provided, we have:

Retained Earnings opening balance = $2,500

Current year loss = $200

Balance of retained earnings after this = $2,500 - $200 = $2,300

Now, dividends are provided which shall be paid from retained earnings only.

Cash dividends are the one paid in cash.

Stock dividends are the ones which are paid by issue extra shares from retained earnings.

Thus, both are deductible from retained earnings.

Therefore, closing balance of retained earnings = $2,300 - $200 - $200 = $1,900.

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