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
grigory [225]
3 years ago
10

When each person specializes in producing the good in which he or she has a comparative advantage, total production in the econo

my __________
a) falls.
b) stays the same.
c) rises.
d) may fall, rise, or stay the same
Business
1 answer:
OLga [1]3 years ago
7 0

Answer:

The correct answer is c) rises.

Explanation:

Each country in question will specialize in what is most efficient. At the same time, it will import the rest of the products in which they are most ineffective in terms of production. Although a country does not have an absolute advantage in producing any good, it may specialize in those goods in which it finds a greater comparative advantage and finally participate in the international market. In this sense, it can boost its foreign trade.

It is then the basic idea that countries choose to specialize in order to trade in activities where they have a certain advantage. That is, instead of producing what they do best in an absolute way, they produce what they do best in a relative way. Therefore, the difference with the theory of absolute advantage is that it does not produce what the country costs less, but the one with lower comparative costs.

You might be interested in
As you will see from this agreement, there are different
Gnom [1K]

Answer:

a

Explanation:

because

6 0
3 years ago
Read 2 more answers
Marshall's & Co. purchased a corner lot in Eglon City five years ago at a cost of $640,000. The lot was recently appraised a
Gala2k [10]

Answer:

$1,780,000

Explanation:

The computation of the initial cash flow for this building project is shown below:

= Estimated building cost + appraised cost of the lot

= $1,110,000 + $670,000

= $1,780,000

Simply we added the estimated building cost and the appraised cost of the lot so that the initial cash flow amount can come.

All other information which is given is not relevant. Hence, ignored it

3 0
3 years ago
If there are too few respondents in the lowest income category, this category may be combined or merged with the next lowest cat
Nostrana [21]

Answer: E) Recoding

Explanation:

Recoding refers to the changing of a variable to better suit the needs for which the variable is being collected.

The variable's parameters can be redefined using recoding to either include more information or less so that the result can be more reflective of the situation on ground.

In mixing the lowest income category with the next lowest, recoding would have occurred.

5 0
3 years ago
Which of the following is an example of the proper noun a region B Western States see National map
Luden [163]
The answer is 

B) Western States

a proper noun is a person place or thing that has capital letters (Susan, Oklahoma, etc.)
4 0
3 years ago
Read 2 more answers
Which of the following is an advantage of consumer credit?
Ksivusya [100]

D. It can allow you to save money if you time your purchases correctly.

For example, you could purchase something when it goes on sale and pay it off with minimal interest rather than waiting to save up money and buying at full price. (the other answer choices are all disadvantages to consumers).

8 0
3 years ago
Other questions:
  • The Evanstonian is an upscale independent hotel that caters to both business and leisure travelers. On average, one-third of the
    15·1 answer
  • How is globalization affecting marketplaces in remote areas of the world?
    5·1 answer
  • What electrical safety procedure is described below: If you are going to work on something electrical, you should first disconne
    10·1 answer
  • Emann Systems is considering a project that has a cash flow as: (1,000), 450, 450, 450 for the years 0, 1, 2, 3 respectively. If
    8·1 answer
  • Brittany started a law practice as a sole proprietor. She owned a computer, printer, desk, and file cabinet she purchased during
    15·1 answer
  • Would a firm with low degree of operating leverage need to sell more units of products to reach break-even point or less? Why?
    5·1 answer
  • The United States and France both produce sweaters and caps. Suppose that a US worker can produce 50 caps per hour or 1 sweater
    6·1 answer
  • Menlove Corporation has provided the following cost data for last year when 100,000 units were produced and sold:
    12·1 answer
  • The Project Management Body of Knowledge Guide definition of a project indicates that a project is:
    10·1 answer
  • Public relations has more power to influence consumers than other forms of corporate communication because
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!