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Virty [35]
4 years ago
14

One reason some manufacturing companies began moving production to China in the early 2000s was due to lower wages that could be

paid to Chinese workers. Moving manufacturing to China to take advantage of lower wages so goods could be produced at a lower cost than if produced in the United States exemplifies which key economic idea?
Business
1 answer:
harina [27]4 years ago
8 0

Answer:

Comparative advantage

Explanation:

This concept of economics is comparative advantage that means one country has advantage of producing same product at lower cost than other. In this question China has comparative advantage over USA,

This may be due to different reasons.

1. Population of China is greater than USA, that is why employees are willing to work on low salaries in China as compared to salaries are offered in the US.

2. China is comparatively better in manufacturing industry as of with USA.

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We discussed the invasions of the Roman world by various Germanic tribes in the fifth century and the Arab-Islamic conquests of
EleoNora [17]

Answer:

The invaders were able to govern the more advanced civilizations because they adopted most of the conquered civilizations' customs, rules of governance, and even languages and religion.

For example, in the case of the Germanic tribes that conquered the Western Roman Empire, the rulers adopted, one by one, the religion of the Roman Empire: Christianity, more specifically, the Roman Catholic variant.

They also began to use the language of the Empire: Latin, for ecclessiastical and political matters, and while political institutions did change a lot, some of the political institutions of the Empire did survive in the sucessor states that the Germanic rulers carved out of the Roman territory.

7 0
3 years ago
If the supplies on hand at the end of January totaled $500 and the Supplies on Hand account before adjustment is $900, what shou
Natali5045456 [20]

Answer:

The adjustment at month-end is :

Supplies Expense $400 (debit)

Supplies $400 (credit)

Explanation:

The Supplies Account is an asset Account that decreases as the supplies are used in the business.

The use of supplies prompts the recognition of an <em>expense</em> and de-recognition of an <em>asset</em> as follows :

<em>Supplies Expense $400 (debit)</em>

<em>Supplies $400 (credit)</em>

4 0
3 years ago
Select the correct answer.
kramer

Answer: The department of Agriculture

Explanation:

3 0
4 years ago
If you watch TV for two hours, you dont spend any money. Does this mean that you do not have an opportunity cost for watching TV
k0ka [10]

Answer:

No, Watching TV has an opportunity cost

Explanation:

Opportunity costs represent the forfeited benefits for preferring a certain option over others. It is the foregone benefits from the next best alternative.

Watching TV for two hours has an opportunity cost. By watching TV, a person has sacrificed doing other things. The two hours could have been used in other ways like working, studying, swimming, or playing. By watching TV, the person missed benefits from the other activities. The other activity that would have resulted in more benefits other than watching TV is the opportunity cost.

8 0
3 years ago
What is the effect on total assets and​ stockholders' equity of paying the telephone bill as soon as it is received each​ month?
Archy [21]

Answer:

Option C) Decrease in Total Assets , and No Effect on Equity

Explanation:

Telephone bill it's a Current Liability , if you decide to pay it as soon as you receive it you have to use Cash which is part of your Current Asset, so the impact it's a decreased in your Current Assets through the Cash component.

This movement has no impact in the Sotckholder Equity.

6 0
3 years ago
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