1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
GuDViN [60]
3 years ago
14

Country X can cut, prepare, and export lumber using fewer worker hours than Country Y. Country Y can produce lumber but produces

cars more efficiently than it produces lumber. It also produces cars more efficiently than Country X. Which of these statements is accurate?
A. Country X will import Country Y's lumber due to absolute advantage
B. Country X will import Country Y's lumber due to comparative advantage
C. Country Y will import Country X's lumber due to comparative advantage
D. Country Y will import Country Y's lumber due to absolute advantage
Business
1 answer:
Thepotemich [5.8K]3 years ago
8 0

Answer:

The correct answer is option C.

Explanation:

Absolute advantage refers to the situation where a country or individual can produce at a relatively lower cost or using fewer inputs.

Comparative advantage refers to the situation where a nation or an individual can produce a good at a relatively lower opportunity cost.

Country X takes fewer labor-hours to produce lumber than country X while country Y can produce cars more efficiently.  

This implies that country X has a comparative advantage in producing lumber and country Y has a comparative advantage in producing cars.  

So country Y will import lumber from country X and export cars to them.

You might be interested in
Imagine a day or a week in which you accomplish everything you want while maintaining a comfortable degree of stress and a nice
STatiana [176]

I am figuring this question out for you! one moment please

Explanation:

4 0
3 years ago
Use the following information to prepare the September cash budget for PTO Co. The following information relates to expected cas
MAXImum [283]

Answer and Explanation:

The Preparation of the cash budget is shown below:-

PTO Co.

Cash budget

For the month ended Sept. 30

Particulars Amount

Beginning cash balance $41,000

Add: Cash receipts for sales $258,000

Total cash available $299,000

LesS:

Cash disbursement

Direct Material $97,200

($72,000 × 30%) + ($108,000 × 70%)

Direct labor $30,000

Other expenses $59,000

Accrued Taxes $10,800

Interest on bank loan $1,700

Total Cash disbursement $198,700

Ending cash balance $100,300

4 0
3 years ago
The idea that the relationship between a worker and employer is voluntary and can be terminated at any time, by either party, is
kiruha [24]

Answer:

The correct answer is letter "A": employment-at-will doctrine.

Explanation:

The employment-at-will doctrine is an organizational practice in which employers could terminate labor relationships at any moment with no need for explanations and workers as well could cease the relationship without major reason. This practice aimed to avoid lawsuits between employers and workers.

4 0
3 years ago
Describe a real or made up but realistic example of a product that went through a time of scarcity, when demand was greater than
Rasek [7]

Answer:

An example of a product going through scarcity is when heavy rainfall and flooding destroy crops  because of which their supply is decreased, and because of this shortage their prices sky rocket or increase very fast.

Explanation:

7 0
3 years ago
Read 2 more answers
According to the​ Break-Even EBIT​ analysis, shareholders are​ ____ off with debt when EBIT is​ _____ the​ Break-Even EBIT level
Kobotan [32]

Answer:

Answer B.

Explanation:

EBIT break even point is a situation when company does not make a profit or has loss. It is a point where earnings per share are equal to zero. It is the level of ebit equal to fixed costs for the company, like interest on the debt. If this break even point increases, this leads to the increase of financial risk. However, increase of ebit above break even point leads to net income calculated as EBIT*(1-interest expense)*(1-tax rate)-preferred dividends being higher.

3 0
3 years ago
Other questions:
  • It is necessary to calculate equivalent units of production in a department because Select one: a. at times a department may use
    13·1 answer
  • Which of the following statements about investing is FALSE?
    10·1 answer
  • One major role of firms is to manage risk. Consumers do not want to pay for products of unknown quality or where the delivery da
    11·1 answer
  • Why must corporate managers use multiple techniques of project evaluation? Which technique is most commonly used and why? Descri
    12·1 answer
  • Country Day's scholarship fund receives a gift of $ 195000. The money is invested in stocks, bonds, and CDs. CDs pay 2.25 % inte
    11·1 answer
  • A personal check with guaranteed payment is a
    13·1 answer
  • Mitchell, Inc., is expected to maintain a constant 6.05 percent growth rate in its dividends, indefinitely. If the company has a
    5·1 answer
  • Gary's wife died last year, so he has been raising his three children on his own. When he files his taxes this year, which tax s
    13·1 answer
  • the natural rate of unemployment a. is a temporary low rate that cannot be maintained. b. is fixed; it cannot be altered by publ
    12·1 answer
  • Which of the following is a benefit of insurance?.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!