All categories

3 years ago

What are the benefits of free trade but just for developed economies?

Business

1 answer:

irga5000 [103]3 years ago

8 0

Answer:

Improves economic situation, living standard and access to high-quality products

Explanation:

Free trade helps in expanding economic Resources. Developing nations can profit by expanding their access to economic resources. For developing countries, free trade is very critical, and it assists in getting better access to low price merchandise, expand domestic industries, access to high-quality products and will them towards technology innovations. Overall, free trade improves the living standard and economic and financial situation of developing countries.

You might be interested in

If a person wants to start a business but limit the amount of liability he is responsible for, a _____________ would be most app

vladimir1956 [14]

He is responsible for a sole partnership

3 0

3 years ago

Companies can identify their competitors from both ________ points of view.

anzhelika [568]

C, is the correct answer I believe.

8 0

3 years ago

Departmental overhead rates may not correctly assign overhead costs due to:

Vika [28.1K]

Answer:C.overreliance on volume as a basis for allocating overhead costs where products differ regarding the number of units produced, lot size, or complexity ofproduction.

6 0

3 years ago

Rica Company is a price−taker and uses a target−pricing approach. Refer to the following information:Production volume602,000un

loris [4]

Answer:

Desired profit for the year = $2,329,000

Explanation:

Using the given information, we have

Production volume = 602,000 units

Market price = $34

Operating income desired = 17% of total assets

Total Assets = $13,700,000

Operating income = $13,700,000 $\times$ 17% = $2,329,000

Therefore desired profit = $2,329,000

therefore with this information desired profit per unit = $2,329,000/602,000 = $3.869

Target cost per unit = $34 - $3.869 = $30.131

Desired profit for the year = $2,329,000

4 0

2 years ago

You work for an auto manufacturer designing brake systems, but you do not have a dedicat- ed team. Instead, you move from projec

koban [17]

Answer:

C: Self-directed work groups and virtual teams.

Explanation:

SDWT (Self-directed work groups and virtual teams) are the groups in offices who possess different skills, and even aren't working on the same project which that they don't have same purpose as you have but still they are in your team.

<em>Since</em>, there is not any dedicated team for my project, I am just moving into other teams for every new project I am going int o self-directed work groups and virtual teams.

4 0

3 years ago