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expeople1 [14]
3 years ago
10

Consider two countries Daria and Atlantis. Daria is a major producer of wheat and rice while Atlantis specializes in the product

ion of fertilizers and manufacturing equipment. Engaging in free trade benefits both countries since Daria is an agrarian nation and Atlantis lacks arable land. This follows the theory of comparative advantage, and we can say that engaging in free trade benefits all countries that participate in it. Which of the following is an inaccurate assumption on which this conclusion is based?
A)We have assumed the prices of resources and exchange rates in the twocountries are dynamic.
B)We have assumed a simple world in which there are only two countries.
C)We have assumed that agrarian nations do not specialize in producingfertilizers.
D)We have assumed there are barriers to the movement of resources from theproduction of one good to another within the same country.
E)We have assumed diminishing returns to specialization
Business
2 answers:
Sati [7]3 years ago
8 0
C






I think it would be
snow_tiger [21]3 years ago
8 0

Answer:

B)We have assumed a simple world in which there are only two countries.

Explanation:

If the only countries in the world were Daria and Atlantis, then the assumption that all countries benefit from free trade would be correct. When other countries enter into the equation, not all of them may benefit from free trade, for example, if a third country XYZ produced both wheat and fertilizers, a free agreement would not necessarily be beneficial to them.

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Select all that apply.
Mamont248 [21]
I would say that all four answers are correct. Trade and commerce between civilizations really did help to exchange new ideas, spread languages, share new inventions, and make some people rich.
5 0
3 years ago
Read 2 more answers
Competition happens when two or more businesses
g100num [7]

Answer:

fight for the same benefit or gain

Explanation:

For example, if there are two firms in an industry. The goal of the two firms would be to maximise profit. To achieve this, the two firms would engage in various competitions in order to attract customers.

For example, they may differentiate their products or give discounts in order to attract customers and so increase profits

5 0
3 years ago
On January 1, Year 1, Stratton Company borrowed $100,000 on a 10-year, 7% installment note payable. The terms of the note requir
lisov135 [29]

Answer:

1. Debit Interest Expense $7,000; debit Notes Payable $7,238; credit Cash $14,238.

Explanation:

The journal entry is shown below:

Note payable A/c Dr $7,238

Interest expense A/c Dr $7,000

  To Cash A/c $14,238

(Being the first payment on the note is recorded)

The computation of the interest expense is shown below:

= Borrowed amount × rate of interest

= $100,000 × 7%

= $7,000

And, the remaining balance left is reported in the note payable account

3 0
3 years ago
The operations of Winston Corporation are divided into the Blink Division and the Blur Division. Projections for the next year a
lesya692 [45]

Answer:

d, $24,500

Explanation:

Computation for the Operating income for Winston Corporation as a whole if the Blur Division were dropped

Operating income (loss) for Blink Division $56,000

Less Allocated common costs Blur Division (31,500)

Operating income for Winston Corporation $24,500

Therefore the Operating income for Winston Corporation as a whole if the Blur Division were dropped would be $24,500

8 0
3 years ago
Winona contracted with XtremeCast, a broadcast media firm, to cohost an Internet-streaming sports program. Winona and XtremeCast
Dimas [21]

Answer: Yes. Winona was an independent contractor

Explanation:

Based on the analysis and the information that have been provided in the question, we can say that Winona was an independent contractor.

An independent contractor is an individual who works for someone else and gets paid for the work done by the employer but it should be noted that the person is not under the control of the employer. .An independent contractor is termed an agent and not employed by the company he or she is working for.

8 0
3 years ago
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