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lianna [129]
3 years ago
12

Which process helps countries import things they cannot make while allowing them to specialize in exports? absolute advantage is

olation competition international trade
Business
2 answers:
sladkih [1.3K]3 years ago
8 0

Answer:

Absolute Advantage

Explanation:

Absolute advantage is n economic principle which means the ability of an individual, household, firm or country to produce a commodity at a lower cost when compared with other countries, maintaining the same amount of input.

This concept explains that each country should focus its productive power on the goods and services it produces using lower cost compared with other nations, maintaining the same volume of input.

Vedmedyk [2.9K]3 years ago
4 0

Answer:

international trade is correct

Explanation:

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Which type of delivery format would be the best choice for the keynote speech that welcomes employees?
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I think a. manuscript
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2 years ago
Individual codes of conduct based on one's value structures regarding how one should live, how one should act, what one should d
notsponge [240]

Answer:

correct option is A. morality

Explanation:

solution

here this fundamental question ( How should we live? )

it is interpret in the 2 way

first is sense of question is about "how I should live my life"

and other is here in question "we" mean  each one of us individually or all of us

and  here question "how I should act" and "what I should do" etc

it is ethics which based on our value structures and define by our moral system

so that it is refer to morality

so correct option is A. morality

4 0
3 years ago
For a bank, when a person deposits money into the bank, this: a creates a liability and an asset for the bank. b creates a liabi
Blizzard [7]

Answer:

The answer is A.

Explanation:

Bank deposits from customers create both a liability and an asset for the bank.

1. As a liability: The deposit is the customer's money. The bank is keeping the money for the customer. The customer can withdraw the fund any time.

2. As an asset: The money deposited by the customer can be used by the bank to generate revenue pending when the customer withdraws the money. The money not yet withdrawn by customers is still in the possession of the bank and the bank controls it.

8 0
3 years ago
Tom is a junk remover who occasionally finds rare antiques to sell. He uses an online auction site to sell each antique for the
Hunter-Best [27]

Answer:

Option (b) is correct.

Explanation:

There are three types of price discrimination:

(i) First degree price discrimination or Perfect price discrimination

(ii) Second degree price discrimination

(iii) Third degree price discrimination

Perfect price discrimination refers to a situation in which the selling price of the product is equal to the price that a consumer willingness to pay for the product. This is a situation in which there is no consumer surplus.

Consumer surplus = Actual price paid by the consumer - Willingness to pay for the product

4 0
3 years ago
Kay Company budgets overhead cost of $4,104,000 for the next year. The company uses direct labor hours as its overhead allocatio
Kobotan [32]

Based on the fact that Kay Company will use direct labor hours as its overhead allocation base, the overhead for a product with 5 labor hours is $228.

<h3>What is the overhead assigned to the product?</h3>

This can be found as:

= Total overhead cost / Number of labor hours x Product labor hours

Solving gives:

= 4,104,000 / 90,000 x 5

= 45.6 x 5

= $228

Find out more on assigning overhead costs at brainly.com/question/22812280.

#SPJ1

3 0
2 years ago
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