Answer:
France has comparative advantage in production of wine
Austria has comparative advantage in production of rye.
4 bushels of rye for each bottle of wine
1 bottle of wine for each bushel.
b. 4 bushel of rye per bottle of wine.
Explanation:
France has comparative advantage in producing wine as it has opportunity cost of 4 bushels per bottle of wine. Austria has comparative advantage in producing bushels as it has opportunity cost of 10 bushels per bottle of wine. The both countries can gain advantage if they agree for 4 bushels per wine.
Answer:
the answer is B
Explanation:
why ? most of the company's care about the customer , but it depends how big is their market and also what they are offering , so the small restaurants or even dry cleaners , their business are not without huge demand , the customer and the restaurant have a low contact, or the usually use a complaints and claims box where the customer can express your opinion of the restaurant service.
Answer:
Internal controls.
Explanation:
Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.
The main purpose of internal controls in an organization or a company is to guarantee that losses are eliminated as there's a reliable and an accurate accounting system.
This ultimately implies that, an internal control involves the timely use of both internal and external sources of auditing or financial reporting and as such enhance the maintenance of accurate and proper financial records which would also improve their operational efficiency. Internal controls if properly executed helps to increase operational efficiency, protect and safeguard assets, provides accurate financial information, prevents fraudulent or unlawful behaviors, timeliness of financial records and reporting.
Hence, a company's plans to minimize theft and enhance the accuracy of accounting information are referred to as internal controls.
Answer:
c. Minimum "price" that is above equilibrium price
Explanation:
if the minimum wages is below equilibrium then it will be ineffective as there wasn't any agent willing to trade his labor at this rate.
The minimum wages must be placed above equilibrium to be effective. This will force both, laborers who were willing to work for less and employees whose intention were to pay less than minimum to trade at minimum wage.
The free enterprise system can produce unfavorable effects when they reduce competition and protect inefficient competitors.Also,results are annoying when costs of legal intervention are greater than benefits for the consumers.
I hope it helps.
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