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Marina86 [1]
3 years ago
11

Suppose that Greece and Switzerland both produce oil and shoes. Greece's opportunity cost of producing a pair of shoes is 4 barr

en of oil while Switzerland's opportunity cost of producing a pair of shoes is 10 barrels of oil.
By comparing the opportunity cost of producing shoes in the two countries, you can tell that Greece has a comparative advantage in the production of shoes and Switzerland has a comparative advantage in the production of oil.
Suppose that Greece and Switzerland consider trading shoes and oil with each other. Greece can gain from specialization and trade as long as it receives more than 4 barrels of oil for each pair of shoes it exports to Switzerland. Similarly, Switzerland can gain from trade as long as it receives more than 1 pair of shoes for each barrel of oil it exports to Greece.

Which of the following prices of trade (that is, the price of shoes in terms of oil) would allow both Switzerland and Greece to gain from trade? Check all that apply.

A. 1 barrel of oil per pair of shoes
B. 2 barrels of oil per pair of shoes
C. 8 barrels of oil per pair of shoes
D. 18 barrels of oil per pair of shoes
Business
1 answer:
Iteru [2.4K]3 years ago
8 0

Answer:8 barrels of oils per pair of shoe

Explanation:Greece and swizerland will need an average price by which they can both gain from trade.To ascertain the average price is by adding the 4 barrels of oil which Greece can forfeit and the 10 barrels of oil which Switzerland could also forfeit if it were into producing shoes.10+ 4 = 14/2 which almost 8 barrels to be given in exchange in other ensure a fair trade between both trading partners.

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Answer:

d. Charities

Explanation:

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As stated in the question above, we can see that the environmental organization is a charitable organization, who have taken it upon itself to advance the course of campaigning against far’s pollution. It is a nonprofit organization that raises money through donations, in order to help finance the campaign. Their main objectives focused on the well-being  the local community.

5 0
3 years ago
In regard to firm growth, evidence shows that ________. service firms tend to generate sustained growth while manufacturing firm
JulijaS [17]

Answer:

At least during the last couple of decades, service firms tend to generate sustained growth while manufacturing firms do not.

Explanation:

The last president that recorded a steady manufacturing growth rate was Bill Clinton.

Service firms are growing steadily and probably will continue to do it. While manufacturing firms have been slowing down, their growth rate (if any) is not very large during the past few years and that tendency has increased with the new trade barriers imposed by our government during the last couple of years.

Another thing that helps the growth of service firms is that when manufacturing firms or agricultural firms grow, they need more services, so service firms will grow even more.

6 0
3 years ago
Which of the following is true of a partnership?
Readme [11.4K]

Answer: Option (B)

Explanation:

A partnership is referred to as or known as an arrangement where organizations, parties, business partners, tend to agree to cooperate with each other in order to advance the mutual interests they have. These partners that are in partnership may tend to be businesses, individuals, organizations, governments. Organizations tend to partner in order to increase their likelihood of achieving the mission and also amplify reach.

4 0
3 years ago
On March 17th, Rollo's Antiques accepted a credit card for a $1,000 purchase. The credit card company charges a 2% service fee.
Ne4ueva [31]

Answer:

C : debit to Service Charge Expense of $20

Explanation:

The complete journal entry used to record this transaction would be:

March 17, 202x, sales revenue

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3 0
3 years ago
A company has sales of $729,000, costs of $355,000, depreciation expense of $50,000, interest expense of $28,000, and a tax rate
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Answer:

The addition to retained earnings is $121,400.

Explanation:

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3 0
3 years ago
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