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4 years ago

Which statement is generally NOT true with regard to the effect of trade on wages in developing countries?

Business

1 answer:

Zolol [24]4 years ago

5 0

Answer:

c) Foreign companies tend to reduce the overall number of jobs available in developing countries

Explanation:

The foreign companies that invest in developing countries have their primary goal to make more profit. They achieve this because they manage to produce the same products, with same quality and quantity, but much cheaper. The reason why it is much cheaper is because these companies pay the workers in the developing countries much less than they would pay in their own countries. In general, the wages tend to be around the the amount of what what be the average in the developing country. In order to get workers, these companies tend to provide slightly better working conditions, and they pay on time as well. Also, they increase the amount of jobs in the economy, which is a positive for the people and for those countries.

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Suppose that a worker in Boatland can produce either 5 units of wheat or 25 units of fish per year, and a worker in Farmland can

hram777 [196]

Answer: 200 units

Explanation:

A country has a comparative advantage in producing a good if the opportunity cost of producing that good is lower in that country as compared to other country. If a nation has comparative advantage in the production of some good then it is specialized in the production of that good.

Once the political pressure is removed and trade will take place,

The Boatland has a comparative advantage in the production of fish. Hence, Boatland is trading in fish is as follows:

125 -25 = 100

On the other hand, Farmland has a comparative advantage in the production of wheat. Hence, Farmland is trading in fish is as follows:

125 -25 = 100

Hence, the combined output of the two countries would increase by 100 + 100 = 200 units

100 units of fish and 100 units of wheat

4 0

3 years ago

A bank has $770 million in checkable deposits. The bank has $85 million in reserves. The bank's required reserves are ________ a

fenix001 [56]

Answer:

The correct answer is letter "D": $77 million; $8 million.

Explanation:

The U.S. Federal Reserve (Fed) establishes a minimum amount of money banks must have in front of unexpected demand. That minimum is called Bank Reserve. The current bank reserve set by the Fed is 10% of the bank's demand and checking deposits.

Excess reserves is the amount of money banks have on top of the bank reserve that cannot loan. As banks do not profit in interest with that amount of money, they do not tend to have much excess reserves.

In the case:

Bank required reserve = $770,000,000 x 10%
Bank required reserve = $77,000,000 = $77 million

Excess reserve = $85,000,000 - $77,000,000
Excess reserve = $8 million

3 0

4 years ago

Q 4.26: on december 31, 2017, before any year-end adjustments, canterbury shoe repair's prepaid insurance account had a balance

melamori03 [73]

Calculation of adjusted balance for prepaid insurance at December 31, 2017:

It is given that on December 31, 2017, before any year-end adjustments, Canterbury shoe repair's prepaid insurance account had a balance of $3,500. It was determined that $2,200 of the prepaid insurance had expired.

So the adjusted balance for prepaid insurance at December 31, 2017, shall be (3500-2200) = $1,300

3 0

3 years ago

12. The Keystone Company has two divisions, A and B. Assume the following data for the two divisions for March: Division A Divis

Tatiana [17]

Answer:

The Keystone Company

The total traceable and common fixed expenses for the Keystone Company is:

$26,000

Explanation:

a) Data and Calculations:

Divisions A B Total

Sales $45,000 $80,000 $125,000

Variable expenses 60% 80%

Variable expense 27,000 64,000 91,000

Contribution $18,000 $16,000 $34,000

Traceable fixed

expense 13,000 2,000 15,000

Common fixed expense ?

Total net income 5,000 14,000 8,000

The common fixed expense = $11,000

Total traceable and common fixed expenses = $26,000 ($34,000 - 8,000)

4 0

3 years ago

Question 2 of 10

Step2247 [10]

Answer:

D. Ability to provide a healthy work environment

Explanation:

The most important skill needed by employers in any field is the ability to provide a healthy work environment. Irrespective of any expertise, a good and healthy work environment is needed for employees so that they can be productive. A healthy environment leads to reduce in injuries and illness thereby providing a stress free environment which in turn leads to an increased productivity.

8 0

4 years ago