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otez555 [7]
3 years ago
8

Which theory suggests that a country should export those goods and services for which it is more productive than other countries

and import those goods and services for which other countries are more productive?
Business
1 answer:
pogonyaev3 years ago
7 0

Answer:

The theory of absolute advantage

Explanation:

The theory of absolute advantage is a quantity-based approach to measuring the productivity of nations with respect to their output in international commercial dealings.

The theory was an Adam Smith's submission that emphasizes that nations of the world should specialize in producing goods and services that they are most productive.

The theory failed to address a major problem that in gaining a benefit another alternative benefit is lost,hence  nations should also factor in the benefits they lose when they specialize in producing certain products.

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Assume the average annual CPI values for 2015 and 2016 were 207.3 and 215.3, respectively. What was the percent increase in the
mart [117]

Answer:

The correct answer is 3.859 %

Explanation:

Year 2015 = 207.3

Year 2016 = 215.3

Year 2016 (215.3) - Year 2015 (207.3) =  8

Rule of three

207.3 ------- 100%

8   ----------      ?

(8 x 100) ÷ 207.3 = 3.859%

4 0
4 years ago
The sources of grievances in the workplace generally involve:
kondaur [170]

The sources of grievances in the workplace generally involve the following factors such as the;

-          Promotions

-          Layoffs

-          Overtime rules

These factors affect the employees in which causes grievances because of certain scenarios affecting this factors involve in the workplace.

7 0
4 years ago
$400,000 capital investment proposal has an estimated life of 4 years and no residual value. The estimated net cash flows are as
Brilliant_brown [7]

Answer:

Net present value =  $13,110

Explanation:  

The computation of the net present value is shown below:

Years           Cash flows            Present value factor           Present value

0                 -$400,000                  1                                       -$400,000 (A)

1                   $200,000                0.893                                 $178,600                

2                 $150,000                 0.797                                  $119,550

3                 $90,000                   0.712                                   $64,080

4                 $80,000                   0.636                                  $50,880

Net present value                                                                    $13,110 (B - A)

6 0
4 years ago
How many barrels of oil does the us produce per day?
marta [7]

Answer:

EIA's data for 2020 indicates that total U.S. petroleum production averaged about 18.375 million barrels per day (b/d), which included: crude oil—11.283 million b/d.

Explanation:

8 0
3 years ago
The price elasticity of demand is –1.25, and the share of the tax borne by consumers is 0.80. what is the price elasticity of su
Musya8 [376]

<span>Price elasticity of demand is -1.25 =  Ed</span>

Price elasticity of supply = Es

Share of tax by consumers = 0.80 = Es / (Ed + Es) = Es / Es + 1.25

0.8 Es + 1 = Es

1 / 0.2 = Es = 5

Therefore, the price elasticity of supply is 5

<span> </span>

3 0
4 years ago
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