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
podryga [215]
2 years ago
14

Despite trade restrictions, international business is a. struggling for survival. b. decreasing. c. slowing down. d. moving slow

ly. e. growing.
Business
1 answer:
vlabodo [156]2 years ago
3 0

Answer:

The answer is e. growing

Explanation:

The reason international business will continue to grow is because no nation can meet all its needs by itself. There will always be importation and exportation. This is where Comparative Advantage comes in.

What is comparative advantage?

  • Simply put, this is the ability of a company or an economy to produce and sell goods and services at a lower price than its competitors, and still realize a larger sales margin. This theory was introduced by the English political economist David Ricardo in 1817.

Another reason why international trade will continue to grow is because of Absolute Advantage.

  • Absolute advantage refers to the ability of an economy or a company to produce more or better goods and services than its others.

Let us assume that country A cannot produce its own oil, but country B can. In this scenario, country B has Absolute advantage over country A, therefore country A will naturally import oil from country B regardless of whether there are trade restrictions between them. This is because country A must fulfill its oil needs whether it likes it or not.

You might be interested in
Complete the following data taken from the condensed income statements for merchandising Companies X, Y, and Z. For those boxes
spayn [35]

Answer:

Company X:

Sales :

= Gross Profit + Cost of goods sold

= 245 + 330

= $575

Operating expenses:

= Gross profit - Net income

= 245 - 30

= $215

Company Y

Gross profit:

= Sales - Cost of goods sold

= 1,270 - 790

= $480

Net income:

= Gross profit - Operating expenses

= 480 - 525

= $(45)

Company Z

Operating expenses :

= Gross profit - Net income

= 525 - (-20)

= 525 + 20

= $545

Cost of goods sold:

= Sales - Gross profit

= 970 - 525

= $445

7 0
3 years ago
How do you define success?
bearhunter [10]

Answer:

if ur happy then ig I could say ur successful

if made it to the top I could say ur successful

if u reached the destination if ur dream I would say ur successful

3 0
2 years ago
Read 2 more answers
Probett’s Garage uses 120 boxes of cleaning cloths a year. The boxes cost $6 each. Ordering cost is $3 and holding cost is 10 pe
faust18 [17]

Answer: $730.2

Explanation:

Let the total cost of cleaning clothes = X

Other variables include:

Total cost of boxes = $6×120

=$720

Ordering cost =$3

Holding costs = (10/100 ×6)12

=$7.2

Total costs of cleaning clothes =

The cost of boxes+ordering cost+holding cost

=720+3+7.2 = $730.2

3 0
3 years ago
Usually, price elasticities of supply areA) positive, because higher prices yield larger quantities supplied.B) considered short
Anna35 [415]

Answer:

A) Positive, because higher prices yield larger quantities supplied.

Explanation:

The correct answer to the question is A) Positive, because higher prices yield larger quantities supplied. The price elasticity of supply determines the change in price as a response to the change in supply of the good or service supplied. This is usually calculated in a figure that determines that if price increases what will be the impact on its supply, which usually is a positive figure.

3 0
3 years ago
Which of the following people would be happy with a $10 price ceiling in this market for movie theatre popcorn bags?
dalvyx [7]

Answer:

producers of the bags of popcorn because they will sell more to the movie theater

4 0
3 years ago
Other questions:
  • Assume two goods are substitutes. Ceteris paribus, a decrease in the price of one good will cause the equilibrium price of the o
    10·1 answer
  • How is it possible to have a large amount of assets but only modest net worth?
    14·1 answer
  • Which of the following is not something the HR specialist will discuss with a new employee?
    7·1 answer
  • Your boss would like your help on a marketing research project he is conducting on the relationship between the price of soda an
    12·1 answer
  • A 30-year U.S. Treasury bond has a 4.0 percent interest rate. In contrast, a 10-year Treasury note has an interest rate of 2.5 p
    6·1 answer
  • Calculate the present value of $4,000 received five years from today if your investments pay (Do not round intermediate calculat
    15·1 answer
  • The​ ________ approach recognizes that both financial and operational performance measures should be considered when evaluatin
    13·1 answer
  • Country A and Country B have had an informal trading arrangement for many years wherein merchants on the border of the countries
    10·1 answer
  • How does opportunity cost affect decision making
    6·1 answer
  • What is working capital?
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!