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omeli [17]
3 years ago
8

Suppose that, a country with a closed economy opens itself to international trade and becomes a net exporter. In that case, the

price of that good will ____ when the economy goes from closed to open for trade.
Business
2 answers:
Brrunno [24]3 years ago
8 0

Answer:

Increase

Explanation:

A closed economy is a country with no export or imports or any form of international trade and thus is completely self sufficient. When a country with closed economy decides to engage in international trade and becomes a net exporter, that is, it sells more to foreign countries than they import, the general price level of the good traded increases.

kompoz [17]3 years ago
6 0

Answer: Increase.

Explanation: A closed economy is one in which there is no external trading, that is no importation or exportation activities with other countries. Territories in this bracket are often seen as self-sufficient and tend to encourage local production. However, when an economy transits from being closed to open to international or foreign trade, and becomes a net exporter, that is sells more than it buys, then the price of that good will increase as more will need to be produced than previous amounts provided locally in other to meet demands of export. This increase in demand will most certainly lead to increment in price.

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Phoenix Guitars is interested in pursuing backward integration to take greater ownership of the extraction of raw materials and
jok3333 [9.3K]

Answer:

Option A

Explanation:

In simple words, Regardless of the expense of making guitars, the technique reduces the total cost of manufacturing a instrument. Phoenix would be in the production business of instruments, not pickups.

The target of this technique is therefore the entire guitar, not really the pickups. The smaller the process of manufacturing their instruments, the better manoeuvrability they have on the market. When they have reduced costs, they may change rates downwards in order to capture further market penetration.

5 0
3 years ago
1. Demand curves faced by individual firms in a competitive market are thought to be perfectly elastic while the demand curve fa
eimsori [14]

Answer:

A). The demand curve looked by the flawlessly serious firms are splendidly versatile this is a result of the items selling in the ideal rivalry. The items are indistinguishable so no firm has power over the market cost, in the event that one firm builds the cost of the item the purchasers will quickly move to the result of different firms on the grounds that the items are indistinguishable. No firm has the motivator lessen the cost of their item. So the interest bend would be a level straight line corresponding to the X pivot, this demonstrates the interest is splendidly versatile. A cost increment will bring the amount requested to zero.  

B). The monopolists is just the single vendor in the market, so he can charge any value he needs, yet the amount requested will be relied on the value he charges. For instance in the event that he charges a significant expense the amount demanded will be very less and the other way around. So the monopolist is capable sell more at lower costs just, the descending inclining request bend shows the negative connection between the cost and the amount requested.  

C). In the ideal rivalry there is consummately flexible interest so the MR curve is likewise the interest curve of the firm. For the monopolist the MR curve lies underneath the interest curve, as the costs go bring down the MR decreases.

5 0
2 years ago
Ms. Pear owned 1,000 shares of YZ Corporation which she had purchased in Year 1 at a cost of $12 per share. In Year 3, she recei
Neko [114]

Answer:

$2,000

Explanation:

Ms. Pear invested $12,000 in 1,000 shares of YZ Corporation. After the dividends she received and the stock split, she ended with 2,400 shares. Since she sold 400 shares, it represents 16.67% of her total shares (= 400 / 2,400). To determine the basis for the 400 shares she sold all we need to do is multiply 16.67% x $12,000 (initial investment) = $2,000

7 0
3 years ago
Which of the following is NOT a key element in strategic planning as it is described in the text? a. The statement of cash flows
Colt1911 [192]

Answer:

(a) The Statement of cash flow

Explanation:

Income is ceaseless procedure where no vital vision is required. Since to run everyday activities you have to deal with the income so you can maintain your business admirably and productively.  

While for The statement of purpose, company's degree, articulation of corporate goals and organization's systems you should have vital arranging since it will show the region where corporate will run in future.

7 0
3 years ago
Par value a.is the monetary value assigned per share in the corporate charter b.is established for a share of stock after it is
nika2105 [10]

Answer:

c.represents what a share of stock is worth

Explanation:

Hope it helped...Please mark brainliest. Have a nice day!

4 0
2 years ago
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