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4 years ago

What does the process of specialization do for an economy?

2 answers:

7 0

Specialization is when all the productive efforts of an economy are put into a particular sector of an economy so the production therefore becomes more efficient.

Firdavs [7]4 years ago

5 0

Answer: B. It makes production more efficient.

Explanation:

Specialization is the process through which a nation decides to produce limited goods that is the economy’s production process focuses on producing specific goods thereby trading with other countries in order to buy goods which they are unable to produce. Hence, specialization makes production more efficient for an economy because the country produces goods and services which they are good at producing with little input very quickly and successfully.

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One of your customers is delinquent on his accounts payable balance. you’ve mutually agreed to a repayment schedule of $500 per

Vitek1552 [10]

It will take 32.55 months for the account to be paid off.

In this question, we have r = 1.40%, PMT = $500 and Present Value = $13,000.

We can use the nper formula in Excel to arrive at the answer.

The formula in Excel is : =nper(rate, pmt, pv,[fv],[type])

When we substitute the values in the question, the nper formula looks like this:

=NPER(0.014,500,-13000)

We enter the present value of the amount outstanding as a negative value, since excel considers the present value as an outflow (expense).

3 0

4 years ago

Read 2 more answers

Jill Parker owns 2,000 acres of ranchland in Iowa. Recently, a supply of natural gas was discovered on her property. Not knowi

jek_recluse [69]

Answer: C. Jill should focus on the business market and license the natural gas rights.

Explanation:

Option C is indeed the right answer. Focusing on the Business Market will get her a better deal because larger companies will be involved.

It would be very advantageous to license the rights as there will be various bids for the license with the largest bid getting it and only for a period of time.

Going with this option can get Jill a better deal all round.

6 0

4 years ago

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One of the major advantages of the _____ scientific method is that it allows investigation in natural surroundings

maria [59]

Naturalistic observation

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4 years ago

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Which statement indicates the impact of globalization on the African farming community?

svp [43]

The statement that indicates the impact of the Globalization on the African farming community is use of modern methods of farming increased the crop production of the people.

<h3>What is Globalization?</h3>

Globalization is a term which refers to the interconnection and interaction of the economy with that of the world's economy. It involves the exchange of the knowledge, trade, technology and even people.

The complete image of the question is attached below.

The African farmers faced many challenges but still they are graced with a very appropriate soil type, which has been aided by modern irrigation practices, fertilizers.

Many of the international aggro-processing company that set up factory near the village in the hopes of obtaining easy and cheap labor. As a result of these factors, people's crop production has increased dramatically.

Learn more about farming here:

brainly.com/question/12586721

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6 0

2 years ago

Suppose the spot rates for 1 and 2 years are s1=6.3% and s2=6.9% with annual compounding. recall that in this course interest ra

user100 [1]

Since the problem assumes annual compounding, then the relationship of forward rate and spot rates is given in the equation:

f1,2 = ((s2^2 / s1) - 1)

Therefore,

f1,2 = ((1.069^2 / 1.063) - 1)

f1,2 = 0.075 = 7.5%

Forward rate is 7.5%.

4 0

3 years ago