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]
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).

You might be interested in
A customer wants to buy two pairs of jeans at $30 each. The sales tax is 6%. He has a gift certificate for $50 and a $20 bill in
cluponka [151]
The answer is
<span>B. Two $5 bills</span>
8 0
3 years ago
Read 2 more answers
A company is targeting consumers who have not purchased its products for several months. It is segmenting the consumer market ba
Nina [5.8K]

Answer:

Usage Rate.

Explanation:

A company is targeting consumers who have not purchased its products for several months. It is segmenting the consumer market based on usage rate. It is one of the type of behavioral segmentation where markets are segmented on the basis of consumers knowledge, response towards product, usage rate and attitude. Marketers divide the markets into nonusers, ex-users, potential users, first time users and regular users in order to target them accordingly.

3 0
3 years ago
The graph shows a production possibilities curve for a company. Which area
egoroff_w [7]

Answer:it’s d

Explanation:

3 0
3 years ago
Read 2 more answers
The passage suggests that the high inflation in the United States and many European countries in the 1980's differed from inflat
vlabodo [156]

Answer:

E) It would not necessarily be considered high elsewhere.

Explanation:

The US inflation rate during 1979 was 11.26%, during 1980 it was 13.55%, and during 1981 it was 10.33%. These numbers may seem very high for American standards, but they aren't really high once you compare them to other nation's inflation rate.

For example, if we look at what is happening in two South American countries right now; Currently Venezuela is facing a hyperinflation measured by millions, and Argentina's current inflation rate is around 60%.

Back in the 1980s, hyperinflation rates were much more common. Argentina, Bolivia, Brazil, Mexico, Peru and Nicaragua, all suffered from hyperinflation (inflation rates in the 1,000s).

The US dollar is considered a very stable currency, that is why an inflation rate of around 10% was considered extremely high for American standards, but not so high compared to the rest of the world.

5 0
3 years ago
ABC Company owns 30% of the outstanding shares of Teal Company. At the beginning of the current year, the carrying value of Teal
BabaBlast [244]

Answer:

$69,000

Explanation:

Percentage of shares owned by ABC in Teal's company = 30%

This is an example of equity method investment , and a portion of the attributable income at the end of the year is earned and added to the initial stock.

Attributable income is the remaining income after dividends have been settled.

<u>Workings</u>

The opening carrying value of the shares on ABC balance sheet = 60,000

Profit made at the end of the period = 40,000

Dividends paid = 10,000

Attributable income to share holders = 40000-10000 = 30,000

ABC portion of attributable profit = 30000*30% = 9,000

Carrying value at the end of the year = opening carrying value + portion of the attributable profit

=60000+9000=69000

6 0
3 years ago
Other questions:
  • Jane transferred a piece of real estate to her son Christopher 6 months ago. Jane purchased the real estate for $90,000 six year
    8·1 answer
  • Payback Period Payson Manufacturing is considering an investment in a new automated manufacturing system. The new system require
    11·2 answers
  • At what point does entertainment end and marketing begin? Why did you draw the line there?
    5·1 answer
  • The measures used by an organization to provide reasonable assurance that the organization produces reliable financial reports,
    14·1 answer
  • Jay Bird is a partner in Soundview Partnership. The adjusted basis of his interest is $19,000, of which $15,000 represents his s
    11·1 answer
  • Repost because it got lost in a sea of questions)
    10·2 answers
  • Tamekia reports that the market leader in the TZX mitt category has 60 percent of all sales in the market and spends $240,000 a
    10·1 answer
  • (1 point) When one rents an apartment, one is often required to give the landlord a security deposit that is returned if the apa
    15·1 answer
  • Based on the passage, who might be interested in your credit report, and why? Check all that apply.
    6·2 answers
  • The _____ market is a market in which the demand for and supply of money determine an interest rate or opportunity cost of holdi
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!