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Nataly [62]
3 years ago
14

The Republic of Argonia, owing to its vast resources of arable land and fresh water, is an agrarian nation It exports agricultur

al products and in turn imports products that it does not produce such as oil, machinery, computers, and electronic devices. The result is that it spends more on imports than it gains from exports. Which of the following theories prohibits such international trade?
A. New trade theory
B. Product life-cycle theory
C. Mercantilism
D. Heckscher-Ohlin theory
E. Theory of national competitive advantage
Business
2 answers:
Sonja [21]3 years ago
7 0

Answer:

The correct option is C, mercantilism

Explanation:

The theory of mercantilism is of the opinion that a nation should strengthen its economic power as well as generate abundant wealth by reducing imports whereas exports is tremendously increased with aim of achieving trade surplus rather than a trade deficit.

In order to achieve this feat a nation needs to embark on industrialization that makes it possible to convert its primary products into semi- or finished products that command higher value than exporting them in their raw state.

Veronika [31]3 years ago
3 0

Answer: C. Mercantilism

Explanation: Mercantilism is a national economic policy made to promote and increase exports and reduce import in a country. It involves national policy with the objective of accumulating reserves (monetary) achieved through positive balance of trade. Mercantilism reduces current account surplus or reduce a possible current account deficit. In the past such policy had led to war and encouraged colonial expansion.

Europe was the epic center of mercantilism from the 16th to the 18th century before it fall, but some people still believed mercantilism is still practice in industrialize nations.

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The following data have been recorded for recently completed Job 450 on its job cost sheet. Direct materials cost was $2,057. A
cestrela7 [59]

Answer:

Total Manufacturing Cost = $9,347

Explanation:

Total cost for the job 450 is as follows:

Direct material =             $2,057

Direct labor =                     $888   (Note - 1)

Overhead cost =             $6,402  (Note - 2)

Total Manufacturing Cost = $9,347

<em>Note - 1: </em>Direct labor = Direct labor-hours × Direct labor wage rate

Given,

Direct labor-hours = 37 hours

Direct labor wage rate = $24 per labor-hour

Direct labor = 37 hours × $24 per labor-hour

Direct labor = $888

<em>Note - 2: </em>Overhead cost = Machine-hours × predetermined overhead rate

Given,

Machine-hours = 194 hours

predetermined overhead rate = $33

Overhead cost = 194 hours × $33 = $6,402

3 0
3 years ago
ompanies that succeed in a turbulent world are those in which managers are evaluated and rewarded for paying attention to both c
Dmitry_Shevchenko [17]

Answer:

True

Explanation:

When a company has managers that pay attention to cultural values and business performance, the company will succeed. This is because the manager has effectively ensured that organizational culture is shared among all employees and as such helps to improve efficiency and performance of the company in discharging it responsibilities and meeting it's goals.

Cheers.

5 0
3 years ago
Anthony's Refrigerator Pasta tries to offer higher-quality food products, more product variety, and wider distribution than its
Andreyy89

Answer:

It is differentiation strategy A)

Explanation:

Differentiation strategy : this  focuses on providing a product or a service with distinctive attributes, in comparison with what other competitors are offering in order gain competitive advantage. The company adopting this strategy must continuously innovate and ensure the quality features of their  products and services embraced by the customers are sustained and improved upon .

Concentration strategy : here, company is using differentiation strategy but focusing on a particular niche of the market.

Lateral diversification : this is when a company decides to grow or expand by acquiring another company in the same line of business.

Vertical Integration : this is when a company decides to grow by taking over the entire value chain of operation . For instance, if we decide to acquire the business of our supplier or decide to take over distribution channels from the  middle-men.

Conglomerate diversification : this is when a company decides to invest in another line of business different from our existing nature of business.

6 0
3 years ago
What is a type of short-term financing that consists of unsecured promissory notes that mature in 270 days or less? Multiple Cho
Ksenya-84 [330]

Answer:

Commercial paper

Explanation:

Commercial paper is a term in business or economics that describes money-market security issued by corporation, which is considered unsecured, so as to obtain funds to meet short-term debt or obligation, such as financing of payroll, and inventories.

It is supported only by issuing bank or company promise to pay the face amount on the maturity date often 270 days or less, as specified on the note.

Hence, COMMERCIAL PAPER is a type of short-term financing that consists of unsecured promissory notes that mature in 270 days or less.

4 0
2 years ago
A company received a bill for newspaper advertising services, $350. The bill will be paid in 10 days. How would the transaction
creativ13 [48]

Answer:

d. Debit advertising expense $350, credit accounts payable $350

Explanation:

The advertising expense should be recognized when the economic event occurs, in this case recibing the bill, independently of its payment. This is done with a debit because expenses increase by debits. The credit account is a liability: account payable, which represents an increased on liabilities.

6 0
3 years ago
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