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IgorLugansk [536]
3 years ago
10

According to the Smith, Ricardo, and Heckscher-Ohlin theories, a country’s economy may gain if its citizens buy some products fr

om other nations that could be produced in their home nation. What is the reasoning behind this idea?
Multiple Choice

a. The natural resources of a country limit the types and quantities of items that can be produced.
b.International trade allows a country to specialize in items that can be produced most efficiently in that country.
c. First-mover advantages limit a country from producing every product that citizens need or want.
d. International trade is typically regulated by government forces that prevent a business from exporting.
e. Innovative products are typically produced in the home country, but high-demand products should be imported.
Business
1 answer:
Semmy [17]3 years ago
4 0

)Answer:

The correct answer is letter "B": International trade allows a country to specialize in items that can be produced most efficiently in that country.

Explanation:

Adam Smith (1723-1790), David Ricardo (1772-1823) and Eli Heckscher (1879-1952) and Bertil Ohlin (1899-1797) jointly provided their thoughts on international trade each one with their own position. In common, they believed international trade allowed companies to specialize in the production of goods they were the best at so countries could export those goods while importing goods whose production was developed by other countries specializing in them.  

In such a scenario, countries would approach an absolute advantage and maximum efficiency. Either theory assumed there were no trade barriers and that the factors of production cannot move between countries.

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Why are high seas fisheries classified as common pool resources? Select one: a. It is possible to exclude a person from the high
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Answer:

Letter D is correct!

Explanation:

The letter D is correct because deep sea fishing is a resource that thousands of people have access to and even depend on for their survival. What fits this activity as a commonly owned resource 1, which are natural or artificial activities where the ability to exclude users is not remote. This becomes a problem as there are no resource constraints for each user, ie in the case of deep sea fishing, when a user fishes a fish, it is not available for the other to fish, which would lead to conflicts between management of such activities, so it is necessary to classify as a private activity and then allocate policies to adapt better management to all users.

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3 years ago
Long-term liabilities include
REY [17]

Answer:

some obligations payable at some date beyond the operating cycle.

Explanation:

Liabilities refer to money that a business owes to other entities. They are debts a firm acquires in its normal business operations. Liabilities are categorized as either long-term or short-term.

Long term liabilities are obligations that are not due for repayment in the current financial year. They are debts that the company is expected to pay in future financial periods. Long-term liabilities due dates are after one year and beyond. Short-term liabilities contrast long-term liabilities because the due date for the former is in the current financial year.

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3 years ago
When the activity level increases by 15%, net operating income in the flexible budget will ordinarily increase by?
schepotkina [342]

When the activity level increases by 15%, net operating income in the flexible budget will ordinarily increase by -more than 15% b/c fixed costs do not increase with changes in activity.

<h3>What is Net operating income?</h3>
  • Net income in business and accounting is an entity's revenue less costs, depreciation and amortization, interest, and taxes for a certain accounting period..

  • Net Operating Income, or NOI for short, exists a formula those in real estate use to quickly calculate the profitability of a particular investment. After deducting essential operational costs, NOI calculates the revenue and profitability of investment real estate property.

  • By deducting all annual expenses from income, the NOI formula determines how profitable a potential investment property is over the course of a single year.

  • After all costs have been deducted, operating profit displays a company's earnings, excluding the cost of debt, taxes, and some one-time expenses.

  • Net income, on the other hand, represents the profit remaining after all costs incurred in the period have been subtracted from revenue generated from sales.

Hence,  When the activity level increases by 15%, net operating income in the flexible budget will ordinarily increase by -more than 15% b/c fixed costs do not increase with changes in activity.

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2 years ago
Total risk is measured by?
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A weighted average of the risk of each individual investments in the portfolio. The weighted average of risk is found using the standard deviation.

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Think of a scene from a popular movie that shows an involuntary exchange (where a buyer or seller is forced to participate). Ide
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A scene from a popular movie that shows an involuntary exchange (where a buyer or seller is forced to participate) could be in Star Wars, where it fictionally demonstrates the conquest of different planets and galaxies by force, through theft, destruction and violence.

If the exchange were voluntary, the negotiation would take place in a way that is beneficial to both the buyer and the seller, where each would be involved in a legal and ethical agreement to carry out a transaction.

<h3 /><h3>What is the benefit of voluntary exchange for the economy?</h3>

It assists in the positive development of the market, as voluntary exchange ensures that buyers and sellers benefit from an exchange process, which is an essential principle for the global free trade system.

Therefore, voluntary exchange must be promoted in the world economy, where nations exchange resources in ways that benefit local economic development.

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7 0
2 years ago
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