Which would have the smallest effect on the amount of money a candidate spends on a campaign?

The law of comparative advantage explains why a. specialization and exchange will make it possible for trading partners to expan

AleksandrR [38]

Answer:

Option (a) is correct.

Explanation:

The law of comparative advantage states that a country is producing and exporting a good in which it has a comparative advantage and importing a good in which it has a comparative disadvantage.

Therefore, this will make the countries more specialized and there is an exchange of goods among the trading nations.

Each country is then specialized in the production of a good in which it has a comparative advantage and hence, the joint output of the trading nations increases.

7 0

3 years ago

The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previou

Sati [7]

Answer:

1. Previous Year = $1,820,000, Current Year = $2,550,000

2. Previous Year = 3.80 times , Current Year = 4.40 times

3. Previous Year = 2.70 times, Current Year = 3.00 times

Explanation:

working capital = current assets - current liabilities

working capital (Previous Year) = $2,470,000 - $650,000

= $1,820,000

working capital (Previous Year) = $3,300,000 - $750,000

= $2,550,000

Current ratio = current assets ÷ current liabilities

working capital (Previous Year) = $2,470,000 ÷ $650,000

= 3.80 times

working capital (Previous Year) = $3,300,000 ÷ $750,000

= 4.40 times

Quick ratio = (current assets - inventory) ÷ current liabilities

working capital (Previous Year) = ($2,470,000 - 674,100) ÷ $650,000

= 2.70 times

working capital (Previous Year) = ($3,300,000 - 1,039,500) ÷ $750,000

= 3.00 times

4 0

3 years ago

In January the company produced 4,400 units using 10,180 pounds of the direct material and 2,160 direct labor-hours. During the

snow_lady [41]

The question is in complete (the tutor added $8 as standard material price)

In January the company produced 4,400 units using 10,180 pounds of the direct material and 2,160 direct labor-hours. During the month, the company purchased 10,750 pounds of the direct material at a cost of $76,630. The actual direct labor cost was $38,250 and the actual variable overhead cost was $11,951. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for January is:

Assuming a standard material price of $8 per pound

(Note this was added by the tutor)

Answer:

Price variance $9,370 Favorable

Explanation:

Material price variance

A material price variance occurs where materials are purchased at a price either lower or higher than the standard price. A favorable variance is recorded where the actual total cost of materials is lower that the standard cost. While an adverse variance implies the opposite

$

10750 pounds should have cost (10,750 × $8) 86,000

but did cost (actual cost <u>76,630</u>

Price variance <u>9,370 Favorable </u>

4 0

3 years ago

If consumers consider beer and wine substitute goods, the products would have a __________ cross-elasticity of demand and an inc

pshichka [43]

Answer:

The correct to the first fill in the blank is positive and answer to second fill in the blank is increase .

Explanation:

Cross price elasticity of demand can be defined as the measurement of change in quantity demanded one good that is in response to the change in price of another good.

Cross price elasticity of demand is said to be positive when the gods are substitute, which means that if there is an increase in price of one good than there will increase in demand of other good, same way if there is decrease in price of one good than there will be decrease in demand of other good.

7 0

3 years ago

Can someone help pls?

julsineya [31]

1. A credit card lets you borrow money (up to the given credit limit) and pay it back as and when due. When you make a purchase, the amount will be deducted from your credit limit and when you pay it back, the payment will be added back to your credit limit.

Explanation:

8 0

2 years ago