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IRINA_888 [86]
3 years ago
9

Suppose that the country of Xenophobia chose to isolate itself from the rest of the world. Its ruler proclaimed that Xenophobia

should become self-sufficient, so it would not engage in foreign trade. From an economic perspective, this idea would______
Business
1 answer:
Readme [11.4K]3 years ago
8 0

Answer:

not make sense as long as Xenophobia had a comparative advantage in any good.

Explanation:

Comparative advantage is when a country has a lower cost of production of a good compared to other countries. The country will be able to produce more than it needs and have excess for export.

So if Xenophobia has comparative advantage in for example yam production, and meets its local needs while having excess. It will make no economic sense to waste this excess. Instead it will be better to export the excess and make money for the country.

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Cxcccccccccxccccccccccvb
Assoli18 [71]

Answer:

Oki, hi

Explanation:

7 0
2 years ago
You are the newly appointed sales manager of the Rock Record Company and have been charged with the task of increasing revenues.
djyliett [7]

Answer:

increase the price of our products or services.

Explanation:

When the price elasticity is less than 1 (inelastic), then an increase in the price of our products or services will result in a proportionally smaller decrease in the quantity demanded. Therefore, by increasing our prices, we can increase total revenue even if the quantity demanded decreases a little.

7 0
3 years ago
Suppose gdp in this country is $800 million. enter the amount for government purchases. national income account value (millions
Bess [88]

Answer:

Therefore government purchases is $300 million

Explanation:

In this case, GDP is the sum of consumption, investment, and government purchases. To calculate the value of consumption we use the formula:

CC + II + GG = Y

GG = Y - CC - II

Where:

government purchases = GG

taxes minus transfer payments (TT) = $260 million

consumption (CC) = $300 million

investment (II) = $300 million

Y = country GDP = $800 million

GG = Y - CC - II

Substituting:

GG = $800 million - $300 milllion - $300 million

GG = $200 million

Therefore government purchases is $300 million

7 0
3 years ago
Fundamental analysis determines that the price of a firm's stock is too low, given its intrinsic value. The information used in
Allisa [31]

Answer:

The correct answer is letter "B": Neglected-firm effect.

Explanation:

The Neglected-firm effect has the purpose to explain why small companies that are not well-known have better performances than the ones that are. The theory explains that smaller companies' stocks generate higher returns because they are unlikely to be studied by market analysis. In that sense, because no much information is provided by the smaller firms -even lesser than what is required by law, they are <em>neglected </em>by analysts since there are very few data to take a look at.

8 0
3 years ago
What is the primary difference between accounting profits and economic profits?
sergejj [24]

Answer: Accounting profits ignore implicit costs; economic profits consider them.

Explanation: In simple words, implicit cost refers to the cost of choosing the best alternative and loosing the profit that one could have earned by choosing the second best alternative.

Accounting profit is the revenue that one has left with after compensating for explicit cost but economic cost also takes into consideration the implicit one.

6 0
3 years ago
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