The choice of country a to purchase wheat from country b is supported by Ricardo's theory of comparative advantage, which is the theory of international commerce.
<h3>What is the trade theory of Ricardo?</h3>
Three premises underlie the Ricardian theory of international trade: labor productivities are fixed, there is no cross-border movement of the production factors, and labor is the only production factor. Only the first of these presumptions is acknowledged by Ricardo himself.
According to Ricardo's well-known theory of comparative advantage, countries can gain a competitive advantage in international trade by focusing on producing goods with the lowest opportunity costs compared to those of other countries.
<h3>What can we infer about the advantages of free trade from Ricardo's theory of comparative advantage?</h3>
The foundation of international trade is comparative advantage, which also serves as the basis for the positive economic effects of free trade on nations. According to the comparative advantage concept, trade can still be advantageous to both trading partners even when one country has a clear advantage in producing goods.
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Answer:
The correct answer is the option A: creating an organizational culture that rewards listening.
Explanation:
On one hand, the term <em>organizational culture</em> is the name given to refers to the combination of beliefs, values, behaviors and more that form the unique social and, most important, psychological environment of an organization. It basicaly describes the way that things are done inside the organization and how they manage to handle specific situations, according with the ethics of the organization already established.
On the other hand, the CEO Ronald is trying to build teamwork by improving the listening process from the superiors to the workers of every level so in that way he teaches the importance of being heard and being part of the company no matter the position of the worker. It is understandable that <em>he enforces the organizational culture of the company by creating and environment where every person has something important to say and therefore they need to be listen. </em>
Answer:
the materials quantity variance for April is $2,552 unfavorable
Explanation:
The computation of the materials quantity variance for April is shown below:
= (standard quantity - actual quantity) × standard rate
= (4,300 units × 8.4 liters - 37,000 liters) × $2.90
= (36,120 liters - 37,000 liters) × $2.90
= 880 liters × $2.90
= $2,552 unfavorable
hence, the materials quantity variance for April is $2,552 unfavorable
The same is followed
Answer:
The annual expected loss is $1,250
Explanation:
The annual expected loss can be calculated by multiplying the probability that a risk will occur in a particular year (ARO) by the expected monetary loss every time a risk occurs, (SLE).
ALE=ARO*SLE
In this case,
ARO = 50%
SLE is $2,000 to $3,000. We consider an average so SLE is $2,500
ALE= $2,500 *50%=$1,250