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podryga [215]
4 years ago
13

The economic principle that states that individuals or nations can gain by specializing in the production of goods that they pro

duce cheaply and exchanging for other desired goods that they could only produce at a higher cost is
Business
1 answer:
Step2247 [10]4 years ago
5 0

Answer:

The correct answer is: The law of comparative advantage.

Explanation:

Comparative advantage refers to the situation when an individual, a firm, or a nation can produce a good or service at a comparatively lower opportunity cost.  

With the opening up of trade the nation or individual will produce and trade the good it has a comparative advantage in or the good it specializes in producing.  

It will export this good to others and import the goods it has a higher opportunity cost in producing. In this way, both the nations or individuals will be able to consume beyond their production possibilities curves.

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Do you agree with the idea of NBA teams requiring fans to place deposits for season tickets for the following year? What about t
Masteriza [31]

Answer:

I don’t really agree because they aren’t going to the basketball game in real person. And how they are charging higher prices are very unfair. But since there aren’t a lot of people paying to watch the game virtually, maybe higher prices would be pretty reasonable. But again the prices shouldn’t have gone up because viewers aren’t getting the real-person experience of the game.

8 0
3 years ago
You plan to participate in an educational event sponsored by a large regional health care system. One of your colleagues suggest
nexus9112 [7]

My response to my colleague would be a "No" because the participation in an educational event may not include a sales presentation.

<h3>What is an educational event?</h3>

In the health system, these are event that are designed to inform health beneficiaries about the different health packages, plans etc.

Hence, the suggestion of my colleague will not be taken because the intial record of my presentation in the educational event will not include a sales promotion.

Therefore, the Option A is correct.

Missing options <em>"a. You should tell your colleague no because participation in an educational event may not include a sales presentation. b. As long as your sales presentation includes information that is about healthy living or clinically effective screening exams, you could talk about the Medicare plans in your presentation. c. You should tell your colleague no, because marketing.</em>

Read more about educational event

<em>brainly.com/question/25887038</em>

#SPJ1

8 0
2 years ago
The process cost summary presents calculations of the cost of units completed during the reporting period, but does not present
algol13

The statement "The process cost summary presents calculations of the cost of units completed during the reporting period, but does not present any information about the ending goods in process inventory" is False

Explanation:

An overview of the cost of the process is a manufacturing report which shows the costs, generated units and the cost for production models of a department. This report, in other words, summaries all of the department or process ' manufacturing activities.

The specific production processes and related expenses must first be established to assess a cost of production in a process costing system. The total costs per process over the duration must be calculated by the amount of units produced during that time until processes and expenses are recognised.

4 0
4 years ago
What is the effective annual rate of 11 percent compounded semi-annually?
jeka94
Im pretty sure it is 11.30 percent. 
5 0
3 years ago
Carlos, a manager, redesigns the job of Dani, a subordinate, so that she has more responsibility over her job. This is the proce
vodomira [7]

Answer:

The correct answer is C

Explanation:

Job enrichment is a technique which is for common motivational and used or follow by the firms or the organizations for giving an employee satisfaction in the work. In short, means that giving employee extra responsibilities which is prior reserved with manager.

In other words, it means that it provides the employee more self management in his or her duties. By doing the job enrichment, employee is more mentally stimulated when they have to take up the decision making roles, authoritative roles, which help them keeping focused on their objectives or goals and tasks of the business and company.  

So, in this case, manager redesign the job of his subordinate, giving more responsibilities. This process or procedure known as job enrichment.

4 0
3 years ago
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