Answer: According to the principle of comparative advantage, worldwide output and consumption will be higher when nations specialize in the production of those goods and services "a. they can provide at a lower opportunity costs."
Explanation: The comparative advantage is the ability of a country to produce a good using relatively less resources than another. The theory of comparative advantages says that Each country in question will specialize in what is most efficient. At the same time, it will import the rest of the products in which they are most ineffective in terms of production. Although a country does not have an absolute advantage in producing any good, it may specialize in those goods in which it finds a greater comparative advantage and finally be able to participate in the international market.
Answer: Option (a) is correct.
Explanation:
Correct Option: The supply of loanable funds but not the supply of dollars in the market for foreign-currency exchange.
If the budget deficit increases, then U.S residents will want to purchase fewer foreign assets and foreign residents wants to buy more of U.S assets.
The budget deficit in the economy has to be financed either by borrowing or by increasing taxes. This budget deficit occurred because of the tax cuts and higher government spending.
If a country running a budget deficit, which lead to reduction in national saving. We all know that interest rate is determined in the loan market, where savers supply the loans to the private borrowers.
So, if there is a fall in the national saving, this will reduced the supply of loans from savers, which raises the interest rate in an economy.
This will attract the foreign flow of capital. This means that demand for domestic assets increases because of the higher interest rate.
Now, if foreign residents want to take an advantage of higher interest rate then they first have to acquire domestic currency.
Therefore, higher interest increases the demand for domestic currency in a market of foreign exchange.
The statement above is FALSE, Reliable Copy Product is not an example of a mechanistic organization. A mechanistic organization is a type of organization in which the authority is highly centralized, observation of formalized procedures and practices are highly prioritized and specialized functions are assigned.
Answer:
(1) $31,538.4; $5,328.9; $36,867.3
(2) $326,206; $120,903; $447,109
Explanation:
(1) Cost of ending work in process inventory:
For materials:
= Equivalent units of production in ending work in process × Cost per equivalent unit
= 2,040 × $ 15.46
= $31,538.4
For conversion:
= Equivalent units of production in ending work in process × Cost per equivalent unit
= 930 × $5.73
= $5,328.9
Total = $31,538.4 + $5,328.9
= $36,867.3
(2) Cost of the units completed and transferred out:
For materials:
= Total units completed and transferred × Cost per equivalent unit
= 21,100 × $ 15.46
= $326,206
For conversion:
= Total units completed and transferred × Cost per equivalent unit
= 21,100 × $5.73
= $120,903
Total = $326,206 + $120,903
= $447,109
Answer:
checking accounts, saving accounts, certificates of deposit, and loans.
Explanation:
