All categories

3 years ago

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".

You might be interested in

Rayburn owns all the shares of Newcastle Corporation, which operates as an S corporation. Rayburn's basis in the stock is $15,00

maksim [4K]

Answer:

$7,000 $-0-

Explanation:

For Rayburn to know what to record from the cash distribution, he will need to subtract his basis in the stock from the cash distribution he receives

Therefore $22 000 - $15 000 = $7 000.

And Newcastle has no income =$-0-

7 0

3 years ago

For an accountant, which of the following tasks is the most likely to be done

bija089 [108]

Answer:

Explanation:

Which of the following tasks are least likely to be part of the accountant's role in ... be done, which are technical, environmental, legal, operational, and sensible.

6 0

3 years ago

Read 2 more answers

Based on a systems viewpoint, the health science, finance, and journalism departments of a university are examples of ______.

Natali [406]

Answer:

correct answer is subsystem

Explanation:

these are the example of subsystem because it is a Group of inter connected and the interactive part of the university

they perform task with combination of each other on a vary large scale

so subsystem is small unit and it is part of the larger system

as here health science department and finance department and the journalism departments are the part of university

because university offer various academic degrees in various academic department

so here correct option is subsystem

3 0

3 years ago

When economists talk about supply, they are referring to a relationship between price received for each unit sold and the ______

Fantom [35]

Supply refers to a relationship between price received for each unit sold and the quantity supplied.

<h3>What is supply?</h3>

Supply refers to the relationship between the price of an item and the quantity supplied. The relationship between price and the quantity supplied is positive. This is in line with the law of supply.

The law of supply states that when prices increase, the quantity supplied increases and when price falls, the quantity supplied falls.

To learn more about the law of supply, please check: brainly.com/question/26374465

6 0

2 years ago

You were recently hired into an organization that you have always wanted to work at, and in addition, your education and experie

kari74 [83]

According to the situational model, your level of development is D4.

Explanation:

The situation leadership approach, created through control of organisation's activities by Paul Hersey and Ken Blanchard, is a guide. The theory was published as the "life cycle leadership hypothesis" in 1969.

The model of situation leadership used by Blanchard in its definition of various levels of development, the words "voice" (ability, knowledge and skills) and "commitment" (esteem and motivation).

According to Ken Blanchard, "The so-called quality stage is composed of the four combinations of expertise and dedication"

D1 – Low competence with high commitment

D2 – Low/middling competence with low commitment

D3 – High competence with low/variable commitment

D4 – High competence with high commitment

8 0

3 years ago