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Tasya [4]
4 years ago
13

Suppose that a technological advance among Japanese television manufacturers causes the world price of televisions to fall by $8

0. After the fall in price, consumers buy 1.8 million televisions, of which 300,000 are produced domestically and 1.5 million are imported.Because the United States imports televisions, _________ represents the world price before the technological advance, and _____________ represents the world price after the technological advance.
Business
1 answer:
cricket20 [7]4 years ago
6 0

Answer: Because the United States imports televisions, <u>P2 (GREATER)</u> represents the world price before the technological advance, and<u> P1 (MINOR)</u> represents the world price after the technological advance.

Explanation: The United States has no comparative advantage over the other countries in the production of televisions, therefore it IMPORTS them.  Therefore, the price of televisions in the United States under normal conditions is higher than the world price, and as the world price falls as a result of Japan's technological advance, the price in the United States also decreases.

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A global marketing strategy refers to: ​
FrozenT [24]

<span>A global marketing strategy refers to a marketing strategy used by a firm or a company to be able to compete worldwide. This is used to promote or market its products or services worldwide. This strategy is taken in response to the different international trading aspects and global market conditions.  </span>

5 0
3 years ago
LeGo Financials offer two investment plans. Investment A pays 9 percent interest compounded monthly, whereas Investment B pays 1
12345 [234]

9.38%; 10.25%

Explanation:

The annual rate rate of return is based on the amount of money earned or expended at year-end and is split at the start of the year into an initial investment. The annual returns or cumulative annual rate is also related to as this form.

For example, if you make monthly payments, divide by 12. 2. Multiply by the remaining balance of your mortgage which will be the entire principal for your first deposit. You must incur an excess amount by the amount of the value of your interest rate.

7 0
3 years ago
You are the mayor of a town with 20,000 residents. Your economic development agency recently conducted a survey in which the 20,
mars1129 [50]

Answer:

b

Explanation:

The total benefit from building the library = 20.000 x $40 = $800,000

The total benefits exceeds the cost of building the library, so the library should be built.

Since all the residents would benefit from the library, all the residents should pay for the library. Thus, all residents should be taxed .

7 0
4 years ago
On January 10, 2022, Sweet Acacia Industries sold merchandise on account to Tompkins for $8,380, terms n/30. On February 9, Tomp
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Answer and Explanation:

The Journal entry is shown below:-

1. Accounts receivable Dr,              $8,380

          To sales revenue                              $8,380

(Being credit sales is recorded)

For recording the credit sales we simply debited the accounts receivable and credited the sales revenue)

2. 7% Notes receivable Account Dr, $8,380

             To Accounts receivable                     $8,380

(Being settlement with the account is recorded)

For recording the settlement with the account  we simply debited the 7% Notes receivable and credited the accounts receivable.)

5 0
3 years ago
Archaeologists found an ancient inca tomb under an ordinary home in which world capital?.
pickupchik [31]

An Ancient Inca tomb was founded by the archaeologists in the capital of Peru under an ordinary home.

<h3>Who were the archaeologists?</h3>

Archaeologists are the individuals who study the artifacts of historical eras and also excavate the sites that existed in the ancient era.

Archaeologists have found the tomb of the Inca civilization which was wrapped in cloth along with burials of ceramics and fine jewels of that time. It was a structure built over the time span of 500 years back. The tomb was one of the most prominent architects of the Inca civilization.

Therefore, the archaeologists found the tomb of the Inca Empire in the capital of Peru.

Learn more about the Archaeologists in the related link:

brainly.com/question/17472920

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8 0
2 years ago
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