For each of the following goods that are imported in the United States, abundant input is the only source of comparative advantages that accounts for that country's comparative advantage. Therefore, the option A holds true.
<h3>What is the significance of a comparative advantage?</h3>
A comparative advantage can be referred to or considered as a situation in which a producer has an economic advantage over the other in a number of economic activities. At least two economies need to be a part of the society for the occurrence of a comparative advantage.
Abundant inputs is one of the key sources of comparative advantage. It is considered as a source that can account for another country's comparative advantage, when it lets the United States import its goods.
Therefore, the significance regarding comparative advantage has been aforementioned.
Learn more about comparative advantage here:
brainly.com/question/13221821
#SPJ4
Answer:
Ben would pay more in taxes.
Explanation:
A progressive income tax increases the tax rate as the taxpayer earns more money.
In this case, Ben would be taxed as earnings $60,000 which is probably a much higher tax rate than the applicable one for $30,000. If we use the current tax brackets for 2020, Ben would fall under the 22% tax bracket while both Cathy and Dylan would fall under the 12% tax bracket. Obviously Ben would pay much more in taxes.
Answer: 4,975 units
Explanation:
Budgeted production in July = Sales forecast for July + Ending inventory for July - Beginning inventory
Beginning inventory = 25% of July sales
= 25% * 4,800
= 1,200 units
Ending inventory = 25% of August sales
= 25% * 5,500
= 1,375 units
Budgeted production is therefore:
= 4,800 + 1,375 - 1,200
= 4,975 units
<span>Potential sources of error for bmi come from measurement errors. BMI is calculated by your height and weight. If the height is calculated by seeing how tall you are and measured by inches. If you are not standing straight and slouch you height measurement is not accurate. Weight is measured on a scale in pounds. One must remove clothes to get an accurate weight. If any of these measurements are off, the bmi will not correct.</span>
Answer:
Particulars Amount
Net sales $29,865
Cost of goods sold <u>$17,820</u>
Gross profit $12,045
Selling, gen & admin exp. $1,710 (1,500+210)
Operating Expenses <u>$1,700</u>
Operating Income $15,455
Interest Expenses ($1,400)
Interest Revenue <u>$160 </u>
Income before tax $14,215
Income tax expenses <u>$2,630</u>
Net Income <u>$11,585</u>
