Answer:
A. Italy has a comparative advantage over the United States in producing wine.
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared with other countries. A country should specialise in the production of the good for whuch it has comparative advantage in and import goods for which it doesn't have comparative advantage in its production.
If Italy has comparative advantage in the production of wine and the US doesn't, Italy should produce wine and export to the US. While, US should produce pasta and export to Italy, if has a comparative advantage in the production of pasta.
A country has absolute advantage in the production of a good or service if it produces more quantity of the good when compared with other countries.
I hope my answer helps you
Answer:
Those local hospitality businesses can be said to be Cooperators.
Explanation:
Co-operation: <em>Cooperation is an art, which is not so easy to be mastered.</em> The primary <em>purpose </em>of the <em>cooperation </em>is to gain <em>mutual benefit.</em> Yet because not everyone can understand the true sense of forming alliances (even if some do understand), it is difficult for them to create or manage those alliances because there are several factors which affect the relationships between associates. So, to have healthy and strong cooperation there is a need to get a grasp over those influencing factors.
<em>Now</em> there are reasons to believe that what the analysis implies (that there is a close relationship between these 2 industries) is true. Although how? let's get into those reasons.
- Both industries come in the same domain that is of consumption.
- Both can do their business separately without cooperating.
- But still, if they do cooperate they can get more than they do get separately.
An example to have a close look on the relationship: Consumer A has to go to 2 different places to get these 2 different services or products, consumer B just go to the one place and get all the service as well as get the product if he desires. So, Which one would be more satisfied? Consumer B for sure.
Answer:
$5,000
Explanation:
Current profit = 50000 - 20000
= 30000
30000 - 25000 = 5000
Fraud opportunity involves all of these.
The definition of cheating is anything you say or do in bad faith to deceive someone. An example of fraud is when a person who promises to make a lot of money by investing takes the money and disappears.
Fraud and financial crime are forms of theft that occur when a person or entity steals money or property or uses it illegally for profit.
fraud mainly he has two types. There is criminal fraud when theft is involved, and civil fraud when fraud or willful misrepresentation is involved.
Learn more about fraud here:brainly.com/question/1063454
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It should be noted that public interest groups promote the development of international economic relationships causes and values important to a community.
Interest group simply means an association of individuals that is formally organized in order to achieve a particular aim.
It should be noted that public interest groups promote the development of international economic relationships causes and values important to a community. They also seek ways to improve society.
Read more about interest group on:
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