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eduard
3 years ago
12

Reasons why countries avoid specialization​

Business
1 answer:
Romashka [77]3 years ago
4 0

Answer:

Countries specialize in order to increase their trade. Imagine a country that has specialized in rubber production and suddenly other more efficient synthetic products have replaced rubber. That means that the demand of rubber has fallen. This would create the country to face labor unemployment, lack of trade for rubber, a long period of stagnant growth indirectly effecting the economy adversely.

Therefore countries prefer to go along with trade and avoid specialization so as to avoid period of stagnant growth.

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25
Anna35 [415]

Answer:

<u>Foreign trade</u>

Explanation:

Often times a major determiner of the value of countries currency is the amount of their exports.

Thomas therefore as a financial advisor <em>should advise the government to build more on production of locally available materials that are highly demanded internationally for exports, by so doing he could improve the country's currency</em>.

5 0
3 years ago
Read 2 more answers
Describes how consumers ______ purchase decisions and how they _____ and _________ of the purchased goods and services. It inclu
algol13

Answer:

Make - Use - Dispose

Explanation:

Consumer Behavior describes how consumers make purchase decisions and how they use and dispose of the purchased goods and services. It includes factors that influence purchase decisions. In order to make and build successful brands, knowing consumer behavior is very important. Large organisations and brands are always in search of exploring and knowing what consumers are purchasing, how they are purchasing, when they are purchasing and how much they are purchasing. They are also in search of who actually make the buying decision, how he or she makes that decision, how many people are involved in buying decision and how they use their products etc.

8 0
3 years ago
Park Company reports interest expense of $340,000 and income before interest expense and income taxes of $6,120,000.(1) Compute
algol13

Answer: 1. 18 times

2. Park is in better position

Explanation:

1. Times interest earned is a financial ratio that measures interest coverage. It's essentially to check if a company can pay it's debt payments and is calculated by either EBIT or EBITDA divided by the total interest expense. The higher the better and anything above 2.5 times is usually considered.

Calculating would therefore be,

= $6,120,000 /$340,000

= 18 times.

2. As mentioned in the first answer, for the Times interest earned, the higher it is, the more favourable it is. So Park Company will be considered safer and are most definitely in a better or worse position than its competitor to make interest payments if the economy turns bad. The fact that theirs is 18 means that they can pay off their interest expense 5 times more than their competitor who can only repay 12 times.

If you need any clarification do comment.

7 0
3 years ago
Mara and Jade are part of a team at Citrus Inc. The team has an eight-hour work shift, and the team members have to report to th
DENIUS [597]

Answer:

This team is an example of a traditional work group.

Explanation:

Traditional teams, also known as conventional consist of individuals working in physical proximity.

8 0
3 years ago
Suppose in its income statement for the year ended June 30, 2017, The Clorox Company reported the following condensed data (doll
Leviafan [203]

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

5 0
3 years ago
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