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Oksi-84 [34.3K]
3 years ago
5

The law of comparative advantage indicates thata. specialization and exchange will permit trading partners to maximize their joi

nt output.b. a nation can gain from trade only if it is not at an absolute disadvantage in producing all goods.c. a nation can gain from trade only when its trading partners are not low-wage countries.d. countries should export products for which they are high-opportunity cost producer.
Business
1 answer:
Oliga [24]3 years ago
3 0

Answer:

The correct answer is option a.

Explanation:

The law of comparative advantage states that a country should produce and export that product in which it experiences comparatively lower opportunity costs. The countries will be said to be specializing in the production of goods and services that they can produce at a relatively lower opportunity cost.  

If two countries produce and exchange the goods they specialize in, they will be able to jointly produce more and consume more than they could individually.

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joja [24]

Answer:

The correct answer is: Processing cost.

Explanation:

Processing cost is an accounting term that refers to collecting useful information of manufacturing costs of the units that are being produced. This approach is used in large entities where products are manufactured in masses and those units are almost identical or equal to ease the production process.

4 0
3 years ago
Hardware restoration reports net sales of $50,000. if sales returns and allowances are $10,000 and sales discounts are $1,500, w
Sunny_sXe [5.5K]
The gross sales will be given by:
Gross sales=(net sales)+(sales returns)+(discount)
net sales=$50000-
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Discount=$ 1500
Thus;
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8 0
3 years ago
Describe at least four factors that affect the demand for a particular commodity.
MrMuchimi

Answer with Explanation:

There are so many factors affecting the demand for a particular commodity. Four of these are: the price of the complements, the income of buyers, changes in trend and advertisements.

1. The price of the complements - Some commodities are complementary with each other, just like cars and gas. If the <em>price of cars decreases</em>, then many people will purchase their own cars, which also follows that <em>the demand for gas will increase.</em>

2. The income of buyers - If the income of a person increases, then he will most likely purchase a particular commodity because he can afford it and has an extra money to purchase goods.

3. Changes in trend - Many people purchase goods because they're on trend. For example, if flare pants are fashionable this year, then the demand for it will increase. Once they're no longer on trend, the demand will drop.

4. Advertisements - The more advertisements a company spends on, the more likely buyers will purchase a specific commodity.

5 0
3 years ago
When the marketers of a mobile phone manufacturing company want to determine the impact of individual media such as television a
Dennis_Churaev [7]

Answer:

The correct answer is e) marketing-mix models.

Explanation:

The marketing mix aims to analyze the behavior of markets and consumers, to generate actions that seek to retain and retain customers by satisfying their needs.

The marketing mix is a concept that is used to define all the tools and variables available to the marketing manager. In the digital world, the marketing mix strategy consists of adapting the product, price, place and promotion to the digital context.

8 0
3 years ago
In addition to MLA, what are some other widely used style guides? Check all that apply. American Psychological Association Assoc
EastWind [94]
The best choices here would be 
<span>American Psychological Association
and
</span><span>Chicago Manual of Style</span>
7 0
3 years ago
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