Answer:
which of the following is most likely considered to be the most important factor for Belgiom, Korea and Canada to take full advantage of specialization?
b. international trade
Explanation:
In general, an economy can be defined as a set of activities that lead to the production and consumption of goods and services that utilize limited resources. An economic system serves to meet the needs of the individual operating in that economy, whether it is production or consumption needs. There are many factors that determine how big or small an economy is, the factors include; culture, laws, history, population, geographical location and other factors that cause necessity. A big economy can be defined as an economy where the amount of economic activities including the production and consumption of goods is at a high level as compared to other economies. On the contrary, a small economy is one whose production, consumption and trading activities is at a relatively low level. We will consider small economies.
Small national economies are countries whose production and consumption levels on a national scale are relatively small. Examples of such countries include; Belgium, Korea and Canada. Since the necessity for production or consumption is not that big, the best factor for specialization is international trade. Small economies can boost their growth by specializing on international trade to increase their market shares in other countries.
One way of quantifying the personal value of a good or
service is by having to find the monetary value of a particular something by
which the person is likely to be willing to trade in—in exchange for a
particular good or a service.
<span>A company's had fixed interest expense of $5,000, its income before interest expense and income taxes is $17,000, and its net income is $9,400. the company's times interest earned ratio equals to 3.4 times.
$17000 / $ 5000 = 3.4 times</span>
A temporary team formed to solve a problem, realize an opportunity, or design a product or service.
<h3>
What is a task force?</h3>
- A task force is a team of individuals who have been given the temporary assignment to collaborate in order to accomplish a very specific and well-defined goal.
- A temporary team formed to solve a problem, realize an opportunity, or design a product or service.
- For instance, a drug task force operates separately from a police force to deal with concerns pertaining to the production, distribution, and use of illicit narcotics.
<h3>What is collaboration?</h3>
- Collaboration is the process of two or more parties cooperating to carry out a task or realize an objective.
- Cooperation and collaboration are comparable.
- Leadership is a necessary component of most collaborations, albeit it can take the form of social leadership within an egalitarian, decentralized group.
Therefore, the task force is a temporary team formed to solve a problem, realize an opportunity, or design a product or service.
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Who was allowed to rule Rome and establish an empire in place of the Roman public
