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leonid [27]
3 years ago
9

When an economy relies on specialization, _______.

Business
1 answer:
crimeas [40]3 years ago
5 0

Answer:

The correct answer is letter "C": trade enables individuals to obtain the goods in which they do not have a specialization.

Explanation:

British economist David Ricardo (1772-1823) in his book "<em>Principles of Political Economy</em>" (1817) proposes countries should specialize in the production and export of products they are more efficient at. Then, those countries could obtain the products they are deficient in manufacturing importing them from more efficient nations. With this idea, Ricardo was establishing the basis of what is known today as "comparative advantage".

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Suppose Pheasant Pharmaceuticals is evaluating a proposed capital budgeting project (project beta) that will require an initial
N76 [4]

Answer:

c) -$877,874d

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator

Cash flow in :

Year 0 = $-2,225,000

year 1 = $375,000

year 2 = $425,000

year 3 = $400,000

year 4 = $475,000

I = 9%

NPV = $-877,873.94

5 0
3 years ago
Suppose the top five firms in a market have market shares of 23%,12%,8%, 7% and 5% respectively. The remaining 45 firms in the m
aniked [119]

Answer: Yes, The FTC will approve the merger.

Explanation:

The Herfindahl-Hirschman Index (HHI) is the common measure of market concentration used to determine market competitiveness. The HHI is calculated by the squaring of the market share of every firm competing in the market and then adding the resulting numbers

HHI (before the merger)

= 23² + 12² + 8² + 7² + 5² + 45 × 1²

= 529 + 144 + 64 + 49 + 25 + 45

= 856

HHI (after the merger) = (23 + 12)²

8² + 7² + 5² + 45 × 1² = 1408

Here, the market is less concentrated and the HHI is still below 1500 after the merger. Therefore, FTC will approve this merger. The answer is Yes.

7 0
4 years ago
The atmospheric pressure at a place is 650 mm of Hg. Convert this pressure
EleoNora [17]

Ans Solution

Explanation:

4 0
3 years ago
Like many college students, Angie applied for and got a credit card that has an annual percentage rate (APR) of 18%. The first t
tia_tia [17]

Answer:

during the first month, Angie will pay $4.50 in interests and $5.50 in principal

I prepared an amortization table using an excel spreadsheet to determine the number of years it takes to pay off the debt balance.

At the end of the 40th month, her balance will only be $1.53. So the <u>41st month</u> should be the last month that she pays and her payment should only be $1.55 to payoff her debt completely.

Download pdf
3 0
4 years ago
Brenda, a self-employed taxpayer, travels from Chicago to Barcelona (Spain) on business. She is gone 10 days (including 2 days o
finlep [7]

Answer:

A. $1,659

B. $910

C. $2,700

Explanation:

Calculation to determine Brenda's deduction

a. Airfare= (70% × $2,370)

Airfare=$1,659

b. Meals=[(260/2)*7

Meals=$910

c. Lodging= [540*5]

Lodging=$2,700

Therefore Brenda's deductions are :

Airfare $1,659

Meals $910

Lodging $2,700

4 0
3 years ago
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