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KIM [24]
3 years ago
15

Economic theory defines specialization as the production of one or just a few goods and services. Specialization refers to how a

n individual, organization, state or country focuses available resources. Instead of trying to produce and sell many different products, people or countries use overstock to trade for what they may need. The system trade uses the concept of specialization. One country may have the resources to produce sugar at a low cost. Another country may choose to specialize in beef. Each produces more than what they need in order to obtain other goods at a lower cost. What conclusion can be inferred from the above text?
Business
1 answer:
Delvig [45]3 years ago
3 0

Answer:

Both countries can benefit from trade through specialization.

Explanation:

Specialization refers to the situation when an individual, organization or country focuses on available resources and instead of producing a lot of products, they produce what they may need.  

A country achieves specialization by producing a greater quantity of the goods it can produce at lower opportunity cost.  

Through specialization, both countries involved in trade can produce well in a larger quantities than they need to consume. They trade the excess goods and are able to consume at a point beyond their production possibility curve.

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Answer:

The answer is: C) Investment spending by businesses varies inversely with the interest rate.

Explanation:

This statement is true all the time. When a company evaluates the costs and benefits of an investment, interest rate plays a fundamental part in those calculations. The two basic reasons for that are:

  1. The higher the interest rate a company (or any individual) has to pay for a loan, the harder it is for the company to repay the loan.
  2. The interest rate a bank charges is usually correlated to the opportunity cost of an investment. The higher the interest rates banks charge, the higher the internal rate of return (which is used to calculate the Net Present Value of an investment) will be. This is because banks don´t print money, they take in deposits and then they loan the money the someone else. So if the interest rate the bank charges is high, usually the interest rates the bank pays for the deposits is also high. Instead of investing, a company might just put their money on the bank and earn a better return rate.  
7 0
2 years ago
The ______ is primarily responsible for policing the world trading system and making sure nation-states adhere to the rules laid
Masteriza [31]

Answer:

World Trade Organization (WTO)

Explanation:

The World Trade Organization was formed on the 1st of January, 1995 to ensure free trade among member countries. It is made up of 164 member countries. It is also saddled with the responsibility of policing the world trading systems and also ensuring that member states stick to the rules in the trade deals signed by them. The World Trade Organization can also punish countries by imposing trade sanctions if they fail to respect the laid down rules.

The World Trade Organization (WTO) is currently headed by Roberto Azevedo, a Brazilian.

6 0
3 years ago
What vision do you have for your own future?
kondor19780726 [428]

     No one can write down a vision for your future, its your vision and future.

4 0
3 years ago
In a research experiment, Priya hears the following list of words:
Juli2301 [7.4K]

Answer:

orange

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5 0
3 years ago
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Dorothy acquired a 100% interest in two passive activities: Activity A in January 2014 and Activity B in 2015. Through 2017, Act
alekssr [168]

Answer:

0

$180,000

0

$240,000

Explanation:

In 2018 and 2019, Dorothy may deduct none of the net passive losses that remain after offsetting the passive income. In 2018, the $20,000 of passive income is used to absorb $20,000 of the $200,000 passive loss, leaving $180,000 of passive loss suspended. In 2019, the $40,000 of passive income is used against the $100,000 passive loss, leaving a $60,000 passive loss suspended for that year. Thus , a total of $240,000 of passive losses is suspended at the year 2019 into 2020.

4 0
3 years ago
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