Answer:
Option e: Increased opportunities for growth
Explanation:
Global trade is simply the exchange of goods between different countries.Trade is an exchange of items between people or countries.Countries are able to obtain goods they need from other countries.
four major risks in international business includes Country risk, commercial risk, cross-cultural risk, and currency risk.
Increased opportunities for growth is not an effect of risk in global trade.
Inventory cost is higher than all other options. If there are many small players at the customer stage, each requiring small amount of the product at a time.
Answer:
Total producer surplus= $30
Explanation:
Producer surplus is the difference between the price a seller is willing to sell and the market price or actual price at which the item is bought. The producer surplus is the additional benefit the seller gets from a sale.
Consumer surplus= Market price - Price seller is willing to sell for
Marco is willing to sell at $15 hour
Kelly is willing to pay $30 per hour
Mike is willing to pay $20 per hour
Surplus from Kelly= 30- 15= $15
Surplus from Mike= 20- 15= $5
Total producer surplus= ($15*1 hour) + ($5 *3 hours)
Total producer surplus= 15 + 15= $30
Answer:
Bottom-up.
Explanation:
Bottom-up budgeting is a budgeting method that starts at the department level to the top level. Each department within the organization is required to compile a list of the things it needs, the projects it plans to carry out in the next financial period, and the cost estimates.
Answer:
C. the fair distribution of economic benefits
Explanation:
In economics, there is equity in resource distribution if resources are distributed in such a way as to ensure fairness and justice.
In a command economy, in order to ensure justice and fairness, the government is charged with the responsibility of redistributing economic resources. While in a capitalist economy, the price system does the work of income redistribution.
The question of equitable resource distribution can be achieved through pareto optimal allocation of resources, Vilfredo Pareto in his book “Manual of Political Economy”, 1906. A Pareto-optimal allocation of resources is achieved when it got to a point where it is impossible to make anyone better off without making someone else worse off.
