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frozen [14]
3 years ago
15

Is it possible for a country to have a comparative advantage in producing a good without also having an absolute​ advantage? A c

ountry without an absolute advantage in producing a good
Business
1 answer:
arlik [135]3 years ago
8 0

A country would have a comparative advantage to produce a good if the cost of producing this good, even if it produces efficiently, is higher than that of other countries.

Explanation:

The Competitive Vantage Principle explains how an individual produces more commodities and uses fewer goods with a comparative advantage under freer trade.

For example, the comparative advantage of oil-producing countries in chemical products. Compared to countries that are not there, the local manufactured oil is a cheap source of chemicals.

It can produce products with fewer resources, which offers countries a comparative advantage at lower incentive costs. The PPF's gradient reflects the cost of output capacity. Improving one good's production means producing less of one.

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Which career would organize, train, and support teachers and educational workers to help them provide better
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(C)

Explanation:

Hope It Helps  ;)

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3 years ago
On June 1, Carla Vista Co. Ltd. borrows $108,000 from Acme Bank on a 6-month, $108,000, 4% note. The note matures on December 1.
evablogger [386]

Answer:

a) Journal entry

Date        Account and explanation      Debit       Credit

June 1                Cash                             $108,000  

                    Notes payable                                      $108,000

b) Adjusting entry

Date        Account and explanation      Debit       Credit

June 30      Interest expense                    $360

                    (108,000*4%*1/12)

                   Interest payable                                    $360

c) Journal entry  

Date        Account and explanation      Debit       Credit

Dec 10        Notes payable                   $108,000  

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Interest payable = $360 * 6

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3 years ago
A ____ is drawn on a financial institution and is payable upon demand?
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Answer: check

Explanation:

A <em>check</em> is drawn on a financial institution and is payable upon demand.

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