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matrenka [14]
3 years ago
6

Which of the following would not result from all countries specializing according to the principle of comparative advantage? a.

Worldwide production of goods and services would increase. b. The well-being of citizens in each country would be enhanced. c. The size of the economic pie would increase. d. Each country’s production possibilities frontier would shift inward.
Business
1 answer:
Anna71 [15]3 years ago
4 0

Answer:

The correct answer is option d.

Explanation:

Specialization in trade due to the difference in opportunity cost helps in improved allocation of resources globally. It leads to increased production of goods and services around the world as the resources are efficiently allocated.  

The well being of people worldwide will be improved, both producers and consumers will be better off. The size of the economic pie will increase with increased production.  

The improved allocation will shift the production possibilities outward as countries will be able to produce more.

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Answer:

A) $0

Explanation:

If the award was unsolicited and given to Joan in recognition for her accomplishments in scientific, educational, literary, religious, artistic, or civic fields, then the award is not taxed.

The unsolicited part is the key here, since most awards are given to candidates that have been previously been nominated by someone, e.g. Nobel prizes are only given to nominated candidates and the winners must pay income taxes.

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Alpha Computing is a U.S. company that specializes in IT research. It has formed a joint venture with Microchips Inc., a Belgium
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Answer:

The answer is: A) strategic alliance

Explanation:

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3 years ago
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Which economic system has the most government control
Hatshy [7]
The answer you are looking for is a planned economy

4 0
3 years ago
How would the Supply of cars change, given an increase in the price of steel.
lana [24]

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5 0
2 years ago
Watson Company purchased assets of Holmes Ltd. at auction for $1,390,000. An independent appraisal of the fair value of the asse
____ [38]

Answer:

Dr land        $278,000

Dr building  $347,500

Dr equipment $556,000

Dr inventories $208,500

Cr cash                                 $1,390,000

Explanation:

The total amount spent in acquiring the assets is $1,390,000 which needs to be shared between the assets acquired on the basis of individual values of the assets

Total of individual assets' values=$304000+$380000+ $608000+$228000=$ 1,520,000.00  

Cost attributable to land:$304000/$1520000*$1,390,000=$ 278,000.00  

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cost attributable to equipment=$608000/$1520000*$1390000=$556,000.00

cost attributable to inventories=$228000/$1520000*$1390000 =$208,500.00  

6 0
3 years ago
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