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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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Activists believe that ________. it takes a very long time to reach the long run frictions to the self-correcting mechanism of m
dimulka [17.4K]

Answer: All of the above

Explanation:

The Long run is a period of time where all the factors of production of a firm are variable. For example, a firm can establish a bigger factory. It takes a longer period of time than the short run.

John Maynard Keynes also believed that in the long run, we are all dead. Also, an economy will self-correct because shocks matter in the short run and not the long run. The self-correction mechanism talks about price adjustment. When there is a shock, prices will adjust and the economy will be brought back to the long-run equilibrium.

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4 years ago
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How can entrepreneurship improve people’s quality of life?
scZoUnD [109]

Answer:

Through offering unique goods and services, entrepreneurs break away from tradition and reduce dependence on obsolete systems and technologies. This can result in an improved quality of life, improved morale, and greater economic freedom.

Explanation:

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3 years ago
________________ focuses on explaining the differences between planned and actual contribution margins. a.Contribution margin an
Usimov [2.4K]

Answer: A.) Contribution Margin analysis

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3 years ago
Janice is spending the summer working as an intern writing copy for a local firm. Today Janice's senior editor sent back some of
Serggg [28]

Answer:

The answer is "the behavioral component".

Explanation:

Janice is not acting on this instance. Thus, the behavioral component of an attitude is not shown. Janice doesn't like her junior publisher, believes. This review demonstrates the cognitive framework of an attitude. Janice's upset. Jessica is upset. In her work, jane reacted badly to the red ink which depicts the emotional component of an opinion. Whereas a position could be correct or incorrect, these elements of a situation as defined in the OB are not addressed.

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Standards for the Code of Ethics for Market Intelligence Professionals includes to manipulate the data as the researcher sees fi
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to provide honest and realistic recommendations and conclusions in the execution of one's duties

to comply with enforced laws,

Explanation:

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