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3 years ago

2) If a country, like the US, can produce all of the goods and services needed by

Business

1 answer:

WITCHER [35]3 years ago

5 0

Answer:

See below

Explanation:

Specialization means a company or country concentrating on producing few commodities. In practice, a state or company will focus on the products it can produce more efficiently. It means focusing on goods they can manufacture at a lower cost compared to other countries.

The USA can specialize in the goods and services it can produce at a lower cost than other nations. It can then export these products to other countries at competitive prices. For products that are costly to manufacture in the USA, it is prudent to import them from countries that can produce them at lower costs.

Some products manufactured in other countries at a lower cost may be sold in the USA at fair prices than when produced in the USA.

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Markets may have difficulty providing the proper quantity of a public good because Group of answer choices individuals will tend

Mariulka [41]

Answer:

individuals will tend to become free riders, and private firms will have difficulty generating enough revenue to produce an efficient quantity of the good.

Explanation:

A public good is a good that is non excludable and non rivalrous. Everyone has assess to the statue and because one person is enjoying the view of the statue does not means another person cannot enjoy the view of the statue

The free rider problem is a form of market failure. It occurs when people benefit from a good or service of communal nature and do not pay to enjoy these services.

Because a public good is non-excludable, the problem of free rider increases so private firms would be unable to generate adequate revenue

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3 years ago

How did the economy impact the livelihood of the 13 original colonies? open study?

AVprozaik [17]

Before the foundation of the United States, the Kingdom of Britain owned the 13 colonies on the East shore of North America. Those colonies were separated into 3 regions: the New England, the Middle Colonies, the Southern Colonies. Economic activities and trade was dependent of the environment in each of those regions. Economy in the New England : ship building industry, fishing, trade. Economy in the Middle Colonies: farming, lot of jobs for skilled workers. Also merchants invested money in colonies. In the Southern Colonies: cotton and tobacco-industry. The economy impact the livelihood of the original 13 colonies by giving jobs and money to the colonists.

4 0

4 years ago

What is the term that describes when two or more enterprises encounter each other in different regional markets, national market

snow_lady [41]

Answer:

Multipoint competition

Explanation:

Multipoint competition can be regarded as term used in describing a

process whereby there is engagement of a firm simultaneously in competitive interactions in a markets or across multiple products, resulting to competitive actions in a particular market leading to responses in a different/ multiple markets. Multipoint competition can also be explained as situation that exist when a firm is facing the same rival in different market. It should be noted that Multipoint competition is the term that describes when two or more enterprises encounter each other in different regional markets, national markets, or industries.

8 0

3 years ago

Amir, who files single, has AGI of $58,000 and incurred the following itemized deductions this year: Union dues and work uniform

kari74 [83]

Answer:

$890

Explanation:

With respective to tax perspective, the following items are not available for deductions which are shown below:

1. Union dues and work uniforms

2. Home office expenses

3. Unreimbursed employee expenses

The gambling losses are extent to the gambling winnings i.e $890 is available for the itemized deductions. The 2% rate is not applicable.

7 0

3 years ago

Al’s Fine Winery has had workers attempting to ban together to form a union. Al’s wants to avoid letting the workers gain too mu

kogti [31]

Answer:

The correct answer is letter "B": Yellow dog contracts.

Explanation:

Yellow dog contracts are those provided by employers in which they and the new hires agree in employees not engaging any activity related to unions while they are under the company's payroll. Yellow dog contracts attempt to avoid the formation of labor unions so the organizations only will have the power in deciding employee benefits, compensations, and working conditions.

These types of contracts are considered illegal after the Norris-LaGuardia Act of 1932 was enacted.

3 0

4 years ago