A comparative advantage exists when the possible value of specialization is lower than that of different nations. The life of comparative advantage is, in turn, suffering from things consisting of abundance, productivity, cost of exertions, land, and capital.
Comparative gain refers back to the capacity to produce goods and services at a decreased opportunity value, no longer necessarily at a greater volume or quality. Comparative advantage is a key insight that trade will still arise despite the fact that one u . s . has an absolute advantage in all products.
Comparative gain is a key principle in global trade and paperwork the basis of why free change is useful to nations. The idea of comparative advantage indicates that even supposing a country enjoys an absolute advantage in the manufacturing of goods, trade can nonetheless be beneficial to each trading partner.
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Answer:
communicating with persons outside of the organization
drafting, laying out, and specifying technical devices, parts, and equipment
making decisions and solving problems
thinking creatively
Gary would be living in an apartment because it is a single housing unit in a large building. That is close to the denotation of apartment.
Answer:
The answer is D. $1,830
Explanation:
FIFO means First in First out.
It is one of the inventory methods along with LIFO(Last in First out), average weighted cost and specific identification.
FIFO literally means the inventory bought first will be the first to be sold. Leaving the last inventories bought as the ending inventory.
In this question, Cost of Sales according to FIFO is:
250 units x $6 = $1,500
30 units at $11 = $330
Total =. $1,830
Therefore, the cost of sales under this method is $1,830
Answer:
$138,1071
Explanation:
Given that
Net income = $832,500
Growth rate = 15 percent
Growth rate = 12 percent
The computation of the net income after four years is shown below:
Net income after four years = Current year net income × (1 + growth rate)^number of years × (1 + growth rate)^number of years
= $832,500 × (1 + 0.15)^2 × (1 + 0.12)^2
= $138,1071
