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Bad White [126]
3 years ago
13

Why do countries specialize? Check all that apply.a) to produce more of certain goods and services in a more efficient wayb) to

trade with one another for goods or services they cannot provide on their ownc) to remain independent without having to rely on others for goods or servicesd) to produce more goods and services, and to contribute to greater global prosperity
Business
2 answers:
Anastasy [175]3 years ago
7 0

Answer:a,b&d

Explanation:

Svetlanka [38]3 years ago
3 0

Answer:All the alternatives are correct except (C) to remain independent without having to rely on others for goods and services

Explanation:

Specialization is the act of a firm or country concentrating is resources, efforts and skills in the production of few relative goods or services.

It leads to increase in production, quality and supply, which invariably leads to lower price, higher demands, higher profits,consumer satisfaction and improved standard of living.

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The country of Leverett is a small open economy. Use the information provided below to answer the following questions about nati
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Explanation:

When Leverett's exports became less popular, its savings, Y-C-G does not change. Reason being that, it is assumed that Y depends on the amount of capital and labour, consumption depends only on disposable income and government spending is a fixed extrinsic variable.

Since investment depends on interest rate, and Leverett is a small open economy that takes the interest rate as given, thus investment also does not change . Neither does net export change (This is shown by the S-I curve in the attachment).

The decreased popularity of Leverett's exports leads to an inward shift of the net export curve inward. At the new equilibrium,net exports remains unchanged, though the currency has depreciated.

Leverett's trade balance remained the same, despite the fact that its exports are less popular, this is due to the fact that  the depreciated currency provides a stimulus to net exports which overcomes the unpopularity of its exports by making them cheaper.

b. Leverett's currency now buys less foreign currency, thus traveling abroad  becomes more expensive. This is an instance showing that imports (including foreign travel) have become more expensive- as required to keep net exports unchanged in the case of decreased demand for exports.  

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3 years ago
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Under the free cash flow approach to valuation: share value equals the present value of all free cash flows. share value is foun
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