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
Anastasy [175]
3 years ago
7

Assume for Guatemala that the domestic price of coffee without international trade is higher than the world price of coffee. Thi

s suggests that__________.

Business
1 answer:
Marina CMI [18]3 years ago
3 0

Answer:

other countries have a comparative advantage over Guatemala in the production of coffee, and Guatemala will import coffee. 

Explanation:

This question is incomplete. Please check the attached image for a complete question.

A country has comparative advantage in the production of a good or service If it produces the good or service at a lower opportunity cost when compared to its trading partners.

The price of Guatemala's coffee is higher when compared to the world price of coffee without international trade. It shows that Guatemala doesn't have a comparative advantage in the production of coffee. Guatemala should stop producing coffee and import instead. This would enable Guatemala focus more resocurces on the production of good for which it has comparative advantage.

I hope my answer helps you

You might be interested in
It is possible to use a decision making process for any decision.
loris [4]
I think so, but there may be some exceptions--if any.
6 0
3 years ago
Read 2 more answers
Select best example below illustrative of transaction costs.a. All of the above b. The costs of various dinners during which a c
vaieri [72.5K]

Answer:

The correct option is A

Explanation:

Transaction costs are the whole array of costs associated with selling, buying, transferring goods etc.

Transaction costs can be of different types which are:

  • search costs
  • monitoring costs
  • Bargaining costs
  • transfer costs etc.
4 0
3 years ago
Is it wise for a firm to employ a worker at $20 per hour when another worker does the same job for $10 per hour? It would be a r
grandymaker [24]
The right answer for the question that is being asked and shown above is that: "The government will pay firms to give some workers extra pay to increase the total economy." <span>Is it wise for a firm to employ a worker at $20 per hour when another worker does the same job for $10 per hour? </span>
6 0
3 years ago
Having just one error on a cover letter may eliminate an applicant from being considered for employment.
zubka84 [21]

Answer:

i think its true

Explanation:

im sorry if im wrong

8 0
3 years ago
Read 2 more answers
Betsy Strand’s regular hourly wage rate is $24, and she receives an hourly rate of $36 for work in excess of 40 hours. During a
melamori03 [73]
<h3>Betsy’s gross earnings for January period is $1,140 </h3><h3>Betsy’s net pay for January period is $966.79 </h3>

Explanation:

  • Betsy Strand’s regular hourly wage rate = $24
  • Betsy Strand’s hourly rate for work in excess of 40 hours = $36
  • Betsy works during a January pay period = 45 hours.
  • Betsy's pay for January period = $24 * 40 + $36 * 5
  • Betsy's pay for January period = $1,140

Betsy’s gross earnings for January period is $1,140

  • Betsy’s federal income tax withholding = $86
  • FICA tax rate  = 7.65%.
  • Betsy’s FICA Taxes Payable = $1,140  * (7.65 / 100)
  • Betsy’s FICA Taxes Payable = $87.21
  • Betsy’s net pay for January period = Gross earnings - Federal income tax withholding - FICA Taxes
  • Betsy’s net pay for January period = $1,140 - $86 - $87.21
  • Betsy’s net pay for January period = $966.79

Betsy’s net pay for January period is $966.79

6 0
3 years ago
Other questions:
  • The General Fund reported a beginning balance of inventory of materials and supplies of $122,000. The ending balance was $150,00
    8·1 answer
  • We would expect the total utility of diamonds to be __________ than the total utility of water and the marginal utility of diamo
    5·1 answer
  • Oil is an important input in producing plastic. If the price of oil increases, all else equal, we expect the supply of: a. plast
    5·2 answers
  • An arithmetic cash flow gradient series equals $600 in year 1, $700 in year 2, and amounts increasing by $100 per year through y
    6·1 answer
  • Who is harmed the MOST during periods of unexpected inflation? A) 1 B) 1 and 3 C) 1, 2, and 3 D) 2 and 4
    15·2 answers
  • A bank that uses a computer system to record deposits and withdrawals from its customers' checking accounts is using a(n):
    13·1 answer
  • 1. Which one of the items below is NOT a reason why CASH does not equal PROFIT?
    15·2 answers
  • What is a consequence of not having health insurance?
    11·1 answer
  • A campus has a policy that requires all chalkings to be removed each friday by designated staff. Is this policy content-neutral?
    14·1 answer
  • Name one of the three different levels at which an organization can be diagnosed?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!