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
Nata [24]
3 years ago
6

Suppose that Spain and Germany consider trading shoes and jeans with each other. Spain can gain from specialization and trade as

long as it receives more than_____________ of jeans for each pair of shoes it exports to Germany. Similarly, Germany can gain from trade as long as it receives_______________ more than of shoes for each pair of jeans it exports to Spain.Based on your answer to the last question, which of the following terms of trade (that is, price of shoes in terms of jeans) would allow both Germany and Spain to gain from trade? Check all that apply.
a. 1 pair of jeans per pair of shoes
b. 9 pairs of jeans per pair of shoes
c. 12 pairs of jeans per pair of shoes
d. 6 pairs of jeans per pair of shoes
Business
1 answer:
lidiya [134]3 years ago
5 0

Answer:

c. 12 pairs of jeans per pair of shoes

Explanation:

Suppose that Spain and Germany both produce jeans and shoes.

Spain's opportunity cost of producing a pair of shoes is 5 pairs of jeans Germany's opportunity cost of producing a pair of shoes is 10 pairs of jeans.

By comparing the opportunity cost of producing shoes in the two countries, you can tell that__Spain__ has a comparative advantage in the production of shoes and _Germany__has a comparative advantage in the production of jeans.

Similarly, Germany can gain from trade as long as it receives more than 10 pair of shoes for each pair of jeans it exports to Spain.

Based on your answer to the last question, which of the following terms of trade (that is, price of shoes in terms of jeans) would allow both Germany and Spain to gain from trade?

c. 12 pairs of jeans per pair of shoes

You might be interested in
Clearwater Hampers is a small British company that sells luxury food and drink gifts in various combinations in picnic hampers.
Nikolay [14]

Answer:

The correct phrase for the blank space is: creative problem solver.

Explanation:

Companies have to adapt to their customers to attract more of them, moreover, when the institutions have a presence in different regions worldwide. In such scenarios, they have to act as creative problem-solvers to adjust what the consumer desire and what the institution has projected to offer.

Firms must conduct different market research to gather more information on their target market and should study the resources it counts on to satisfy those individuals' expectations.

8 0
3 years ago
Newmark & Co. Real Estate, Inc., (the broker) contacted 2615 East 17 Street Realty, LLC, (the landlord) to lease certain rea
Marta_Voda [28]

Answer: D. a promise made in consideration of a marriage

3 0
3 years ago
Read 2 more answers
On January 2, 2020, Concord Corporation began construction of a new citrus processing plant. The automated plant was finished an
kkurt [141]

Answer:

$120,820

Explanation:

The calculation of interest capitalized for 2020 is shown below:-

Date                  Expenditure      Weight       Average

02-Jan-20        $607,000           12 ÷ 12        $607,000

01-Sep-20         $1,803,600        4 ÷ 12          $601,200

31-Dec-20          $1,803,600        0 ÷ 12         $-

Accumulated

Expenditures      $4,214,200                          $1,208,200

Interest Capitalized for 2020 = Total Average × Percentage of construction loan

= $1,208,200 × 10%

= $120,820

So, for computing the  interest capitalized for 2020 we simply multiply the total average with percentage of construction loan.

8 0
3 years ago
Rainbow Corp. hires a new secretary, Polonova, who differs from the vast majority of the company's employees in terms of her eth
irakobra [83]

Answer:

A) Polonova has a strong sense of personal ambition and independence.

Explanation:

From the question we are informed Rainbow Corp. who hires a new secretary, Polonova, who differs from the vast majority of the company's employees in terms of her ethnicity. The company has a collectivist culture with a culturally diverse workforce and several policies to support the minorities. Yet, after a few weeks, she quits the company. In this case, she quit because Polonova has a strong sense of personal ambition and independence.

Personal Ambition can be regarded as strong desire as well as aspiration to work towards acheiving something or goals which requires alot of dedication and extra work. Personal independent also require the ability of someone to independently carry out some task productivity with freedom of choice in an organization.

4 0
3 years ago
Daniel Franco, a free-lance gaming consultant and blogger, needed a new gaming system for his business. After some lengthy revie
Law Incorporation [45]

Answer:

Explanation:

Issue: Will the court rule in support of Daniel’s argument that Nintendo breached the warranty based on reasonable expectation on the performance of an expensive system and statements made while selling the gaming system?

Rule:  There is a creation of express warranty when a seller makes a description of the statement quality, condition or performance of goods sold. This warranty is created by the statement of facts and if the seller uses words to designate the value of the supposed goods, it will only be considered as an opinion that does not create any express warranty.

The customer’s reasonable expectation of the existence of the gaming system based on the price leads to implied warranty. The goods sold should be logically fit for the general purpose for which it is sold. It should be of proper quality to satisfy the implied warranty of merchantability and the goods should fit the particular purpose for which the buyer will use the goods to satisfy the implied warranty of fitness for a particular purpose.

Analysis: Here, the argument of Daniel that Nintendo’s description of the gaming system as “most reliable”, and “durable” asserted that the quality and performance of the gaming system will not stay because these words create general statements that are made as part of sale or seller’s opinion about the goods. These words would be considered as puffery and do not create any express warranty. The higher price of the gaming system would create an implied warranty about the performance of the system, but the switch failed only after the warranty period. When the seller has expressly stated the warranty period as one year, any defects that occur after the warranty period will not breach the implied warranty.

Moreover, the gaming system was reasonably fit for Daniel’s business purpose and worked well during the warranty period. Hence Daniel’s arguments will not stay in front of the court.

Conclusion: The court will not rule in favor of Daniel and Daniel will not be able to recover against Nintendo because no breach of warranty had occurred.

8 0
4 years ago
Other questions:
  • Which of the following did not result in economic growth? Many citizens emigrating from Zimbabwe when a politically repressive r
    7·1 answer
  • Simon has been in the landscaping business for over 40 years. When Jorge, his business partner, suggested adding snow removal as
    8·2 answers
  • which of the following statements about entrepreneurs is false? A. Entrepreneurs try to solve problems by using new products B.
    14·2 answers
  • The common stock of Alpha Manufacturers has a beta of 1.18 and an actual expected return of 13.33 percent. The risk-free rate of
    11·1 answer
  • Alexis is choosing between a job in the National Parks Service, which offers a pension plan, and a forestry contracting job with
    8·1 answer
  • Edmonco Company produced and sold 45,000 units of a single product last year, with the following results: Sales Revenue $ 1,350,
    12·1 answer
  • Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred
    9·1 answer
  • 2+2=??????????????????/
    13·1 answer
  • Money that your employer holds from your paycheck in order to pay the government taxes is called ___________.
    6·1 answer
  • The shona of zimbabwe organized to resist european imperialism under the leadership of?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!