All categories

4 years ago

The most obvious benefit of specialization and trade is that they allow us to

1 answer:

6 0

The most obvious benefit of specialization and trade is that they allow us to: Consume more goods than we otherwise would be able to consume
When we do specialization, we could produce the goods that provide competitive advantage for us so we can produce that goods in a huge amount.
After that, we can trade the goods with other goods (which gives competitive advantage to other country) and trading countries could consume goods on a huge amount.

You might be interested in

U.S. membership in the World Trade Organization has had which of these effects?

PtichkaEL [24]

U.S. membership in the World Trade Organization had this effect:

It has resulted in a steady growth in international trade.

A downside of this is that the trend toward outsourcing is gaining ground. Companies prefer to outsource labor because cost of outsourced labor is cheaper than domestic labor. This is good for the companies because their costs decrease. However, domestic employees are becoming jobless. They find it hard to compete with foreign laborers. Thus unemployment rate increases.

7 0

4 years ago

Read 2 more answers

You invest a single amount of $10,000 for 5 years at 10 percent. At the end of 5 years you take the proceeds and invest them for

FinnZ [79.3K]

Answer:

$86,166.31

Explanation:

We use future value (FV) formula as follows:

Step 1: Calculation of amount to have after five years:

Five years FV = $10,000 × (1 + 0.1)^5

= $10,000 × (1.01)^5

= $10,000 × 1.61051

Five years FV = $16,105.10

Therefore, $16,105.10 will be realized after five years.

Step 2: Calculation of amount to have after twelve years:

Twelve years FV = $16,105.10 × (1 + 0.15)^12

= $16,105.10 × (1.15)^12

= $16,105.10 × 5.35025010547371

Twelve years FV = $86,166.31

Therefore, you will have $86,166.31 after 17 years.

4 0

3 years ago

Jamarcus, a full-time student, earned $2,500 this year from a summer job. He had no other income this year and will have zero fe

Ne4ueva [31]

Answer:

The correct answer is: No, Jamarcus is not required to file a tax return.

Explanation:

According to the Internal Revenue Service (IRS) requirements for 2019, taxpayers who are single under 65 years-old with an income of $12,200 or higher must file a tax return. Taxpayers who are 65 years old or older with an income of $13,850 or higher are also obligated to report their income to the IRS.

Thus, as Jamarcus' income for the year was $2,500 only, he is not required to file a tax return.

4 0

3 years ago

How could addressing market failure lead to a more sustainable future?

Lunna [17]

Addressing marketing failure is a way of having to know the causes of this failure and to be able to determine the better ways of solving it and to prevent it from happening it again, by this, in the future, they will be able to produce a more sustainable and stronger one.

7 0

3 years ago

An analysis and aging of the accounts receivable of Raja Company at December 31 reveal the following data:

rodikova [14]

Answer:

The cash (net) realizable value of the accounts receivable is accounts receivable less the ending balance in the Allowance for Doubtful Accounts.

800,000 - 65,000

This brings the total to $735,000.

5 0

3 years ago