1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nonamiya [84]
4 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]4 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).

You might be interested in
At the end of June, the Marquess Company factored $200,000 in accounts receivable with Homemark Finance. The transfer is made wi
yanalaym [24]

Answer:

$6,000

Explanation:

Receivables may be factored to ease the liquidity pressures of an entity. Factoring comes at a cost. As such, when receivables are factored, the entries required are

Debit Cash account

Dr Interest expense (factoring charge)

Credit Accounts receivables

As such, the amount of loss on sale of receivables would Marquess record in June is equivalent to the factoring charge

= 3% * $200,000

= $6,000

7 0
4 years ago
Read 2 more answers
Inlcuded in Perry's capital balance is a $20,000 partnership loan owed to Perry. Perry, Quincy, and Renquist shared profits and
crimeas [40]

Answer:

Determine the minimum amount for which the non-cash assets must have been sold, in order for quincy to receive some cash from the liquidation:

Total non-cash assets = 300,000

Less: Balance needed from non-cash assets = 95,000

($90,000 - $15,000 - $170,000)

Adjusted non-cash assets = 205,000

Less: Liquidation expenses = 15,000

Balance of non-cash assets  = 190,000

Hence, the the minimum amount for which the non-cash assets must have been sold, in order for quincy to receive some cash from the liquidation would be any amount in excess of $190,000.

5 0
3 years ago
Based on this model, households earn income when (household/firms) purchase (factors/goods and services) in factor markets.
aalyn [17]

The model shows that households earn money when <u>Firms </u>purchase <u>Factors </u>in factor markets.

<h3>Interaction between the Household and a Firm </h3>
  • Households buy goods from firms thereby passing income to firms.
  • Firms buy labor from households.

Households therefore earn an income when firms decide to go to the factor market and buy a factor such as labor from households.

In conclusions, households and firms are interconnected.

Find out more on this interaction at brainly.com/question/1433471.

5 0
3 years ago
a self-employed taxpayer may be eligible to deduct amounts paid for medical insurance for themselves and for their families, as
12345 [234]

A self-employed taxpayer may be eligible to deduct amounts paid for medical insurance for themselves and for their families, as long as neither they nor their spouse was eligible for employer-sponsored health insurance. This deduction claimed to Claim a non -refundable tax credit based on the cost of the insurance.

insurance is a settlement that transfers the risk of monetary loss from an individual or business to a coverage organization. They acquire small quantities of money from clients and pool that cash collectively to pay for losses. Coverage is split into essential classes: belongings and Casualty coverage (percent).

Coverage plans are beneficial to each person seeking to defend their family, property/property, and themselves from economic chance/losses: coverage plans will help you pay for clinical emergencies, hospitalization, contraction of any illnesses and treatment, and medical care required in the future.

In coverage phrases, the threat is the chance something harmful or unexpected ought to appear. This might involve the loss, theft, or harm of precious assets and assets, or it may involve someone being injured.

Learn more about insurance  here brainly.com/question/25855858

#SPJ4

7 0
1 year ago
Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annua
Alecsey [184]

Answer:

€928.46

Explanation:

Since it was hinted that bonds issued outside of  the United States pay coupons annually, it is expected that the bonds issued in Germany pay annual coupons, and its price is computed below using the bond price formula, excel PV function, and financial calculator:

Bond price=face value/(1+r)^n+annual coupon*(1-(1+r)^-n/r

face value=€1,000

r=yield to maturity=8.7%

n=number of annual coupons in 10 years=10

annual coupon=face value*coupon rate=€1,000*7.6%=€76

bond price=1000/(1+8.7%)^10+76*(1-(1+8.7%)^-10/8.7%

bond price=1000/(1.087)^10+76*(1-(1.087)^-10/0.087

bond price=1000/2.30300797+76*(1-0.43421474)/0.087

bond price=1000/2.30300797+76*0.56578526/0.087

bond price= 434.21+494.25= €928.46

Excel PV function:

=-pv(rate,nper,pmt,fv)

=-pv(8.7%,10,76,1000)

pv=€928.46

Financial calculator:

N=10

PMT=76

I/Y=8.7

FV=1000

CPT PV=€928.46

4 0
3 years ago
Other questions:
  • In advertising, rating refers to multiple choice the geographic region to which an advertising campaign will be directed. the gr
    12·1 answer
  • Simmons sold merchandise to Drake for $5,000 with payment terms of 2/10, n/30. Two days later, Drake returned two of the units a
    5·1 answer
  • The direct method of preparing the operating activities section of the statement of cash flows reports major classes of cash rec
    11·1 answer
  • Financial literacy is the set of skills and knowledge needed to make __________ about money matters. A.informed decisions B.unin
    10·1 answer
  • What percentage of a tax will the demander pay if price elasticity of supply is 0.3 and price elasticity of demand is 0.7? What
    7·1 answer
  • At December 31, year 1, Gasp Co.'s allowance for uncollectible accounts had a credit balance of $30,000. During year 2, Gasp wro
    13·2 answers
  • Explain migration of population in economics.<br> pls its urgent
    9·1 answer
  • The closer the smoothing constant, ALPHA, is to 0 the greater the reaction to the most recent demand the greater the dampening,
    7·1 answer
  • Riggins, Inc. manufactures one product called tybos. The company uses a standard cost system and sells each tybo for $8. At the
    14·1 answer
  • Firms add items to their product lines to address changing consumer preferences. for example, an ice cream company might add low
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!