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stepan [7]
2 years ago
7

Suppose the U.S. and Japan both produce airplanes and televisions and the U.S. has a comparative advantage in the production of

airplanes while Japan has a comparative advantage in the production of televisions. If the U.S. exports airplanes to Japan and imports televisions from Japan,
a. all individuals in both countries will be better off.
b. all individuals in both countries will be worse off.
c. both countries, as a whole, will be worse off.
d. both countries, as whole, will be better off.
Business
1 answer:
EastWind [94]2 years ago
6 0

Answer:

d. both countries, as whole, will be better off.

Explanation:

When countries leverage on their comparative advantages, they will be better off. In this instance as US has comparative advantage in producing airplanes, it will be more cost effective for them to produce and export to Japan.

So also Japan will find it cheaper to produce televisions and export to the US. Both contries reduce cost by producing goods they have comparative advantage in.

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The consumption schedule shows the relationship of household consumption to the level of?
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The Consumption schedule shows the relationship of household consumption to the level of disposable income.

<h3>What is disposable income?</h3>

Disposable income is the sum of money that a person or household has available for spending or saving after income taxes have been subtracted (sometimes known as disposable personal income, or DPI). At the macroeconomic level, one of the most important economic indicators used to assess the overall health of the economy is disposable personal income. Net income equals disposable income. It is the balance remaining after taxes. The amount of net income that is left over after covering all essentials is referred to as discretionary income.

You could define disposable income as:

  • A country's national income less current transfers (current taxes on wealth, income, and other items, as well as social contributions and other current transfers), plus current transfers that residents of that country can get from the rest of the world.
  • Income that individuals or families have available for discretionary spending, is often known as disposable personal (or family/household) income. The amount of money left over after paying for bare needs like shelter, food, and fuel for a family is referred to as disposable income.

To know more about disposable income, visit:

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5 0
1 year ago
Discuss the impact that checking merchandise has on profitability.
balandron [24]

Answer:

waitin for the EXHALE

Explanation:

4 0
3 years ago
Gino's Restaurant is a popular resaurant in Boston, Massachusetts. The owner of the restaurant has been trying to better underst
RideAnS [48]

The answer & explanation for this question is given in the attachment below.

 

7 0
3 years ago
Quarter-inch stainless-steel bolts, 1.5 inches long are consumed in a factory at a fairly steady rate of 50 per week. The bolts
natta225 [31]

Answer:

a.

EOQ = 2,944 units

b.

Setup cost = Numbers of Order x Ordering cost = $8.83

Holding Cost = $8.83

Explanation:

a.

Economic order quantity is the quantity at which business incur minimum cost. This is the level of order where the holding cost equals to the ordering cost of the business.

As per given data

Annual Demand = 50 per week x 52 weeks in a year = 2,600 bolts

Ordering cost = $10

Carrying cost = $0.03 x 20% = $0.006

EOQ =  \sqrt{\frac{2 X S X D}{H} }

EOQ = \sqrt{\frac{2 X 10 X 2,600}{0.006} }

EOQ = 2,943.92 = 2,944 units

b.

Setup cost = Numbers of Order x Ordering cost = (2,600 / 2,944) x $10 = $8.83

Holding Cost = (2,944 / 2) x $0.006 = $8.83

6 0
3 years ago
Courts will occasionally determine in a the course of a lawsuit against a corporation that the usual limited liability protectio
pishuonlain [190]

Answer: b. piercing the corporate veil.

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Normally, corporations have limited liability which means that the assets of the shareholders are separate from that of the company and should the company go bankrupt for instance, the assets of the shareholders would be safe and only that of the company could be liquidated.

Sometimes however, the courts can remove this limited liability protection which would enable the assets of the shareholders to be targeted in what is known as "piercing the corporate veil".

There are several reasons this can happen for instance:

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8 0
3 years ago
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