1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dsp73
3 years ago
13

Use the following scenario to answer the following questions: Suppose that Canada, an industrialized nation, and Mexico, a devel

oping nation, both produce clothes and cars. The real wage in Mexico is lower than in Canada. The countries have a free trade agreement. Each nation will find a comparative advantage.
A society could achieve a higher level of productivity if:________

a. each person in the society is a jack-of-all-trades.
b. it takes advantage of each individual's comparative advantage.
c. it does not trade with other nations.
d. it does not tax imported goods.
e. it does not limit exports.
Business
1 answer:
Delicious77 [7]3 years ago
8 0

Answer:

A society could achieve a higher level of productivity if:________

b. it takes advantage of each individual's comparative advantage.

Explanation:

In the same way that nations can achieve higher levels of productivity if each nation takes advantage of its comparative advantage in production, individuals in the society can help it to achieve a higher level of productivity if each individual takes advantage of her or his comparative advantage.  This economic concept calls for specialization in the fields where one has comparative skills that are better than others'.  This implies that one can deploy resources and skills to achieve more in a specialized field than being a jack-of-all-trades.

You might be interested in
If the actual output of a piece of equipment during an hour is 500 units and its best operating level is at a rate of 400 units
Vladimir79 [104]

Answer:

d. 1.25

Explanation:

In a business context, the capacity utilization rate is a value that allows the company know how well they are performing compared to what the recorded optimal levels are. In order to calculate this value we simply divide the current operating level for a specific time-period by the optimal level of that same time period, which in this case would be 1 hour. Therefore, in this case we would divide 500 by 400 which would give us 1.25.

6 0
2 years ago
Explain the holistic marketing dimensions in details using the examples of ‘Nestle Bangladesh
Marysya12 [62]
Drinking from a fresh water bottle in dimensions
7 0
3 years ago
Agent Armstrong is employed by XYZ Agency, which is under contract with ABC Health Plan, a Medicare Advantage (MA) plan that off
MA_775_DIABLO [31]

Answer:

Agent Armstrong needs to be licensed and appointed in every state in which beneficiaries to whom he markets ABC MA plans are located.

Explanation:

In the given scenario XYZ Agency maintains a website marketing the MA plans with which it has contracts. So they are not in one location.

Clients from multiple states can subscribe to their services via website.

Agent Armstrong follows up with individuals who request more information about ABC MA plans via the website and tries to persuade them to enroll in ABC plans.

Since clients enroll in different locations there is a need for Armstrong to be licensed and appointed in every state in which beneficiaries to whom he markets ABC MA plans are located.

This will satisfy the varying compliance rules that each state of operation may have. Thereby providing seamless service delivery to customers of XYZ agency.

7 0
3 years ago
Jamal recently purchased a cooperative's stock and moved into one of the cooperative's units. what type of lease does jamal have
sladkih [1.3K]
It is a finance lease , because Jamal purchased a financial equity, which is the stock, with the cooperative and he moved to one of its units, therefore, the risk and rewards are transferred to Jamal and it is considered to be a finance lease.
3 0
3 years ago
The December 31, 2021, inventory of Tog Company, based on a physical count, was determined to be $467,000. Included in that coun
8090 [49]

Answer:

Tog Company

a. The correct December 31, 2021 balance of Inventory is

= $592,500.

b. The error increased the cost of goods sold, thereby reducing the net income and the retained earnings.

c. Journal Entries to correct errors:

Debit 2021 Inventory $67,000

Credit 2022 Inventory $67,000

To correct the error.

December 31, 2021

Debit Purchase $97,000

Credit Accounts Payable $97,000

To record the purchase of merchandise, shipped FOB shipping point on December 28, 2021.

Explanation:

a) Data and Calculations:

Physical count Inventory =             $467,000

FOB shipping point 2021 =                28,500

December 28 FOB shipping point = 97,000

December 31, 2021 balance =     $592,500

The error would increase the cost of goods sold, thereby reducing the net income and the retained earnings.

Journal Entries to correct errors:

December 31, 2021

a. 2021 Inventory $67,000  2022 Inventory $67,000.  The records should be for 2021 and not 2022.

b. This only affects the physical count and not the records.

c. Purchase $97,000  Accounts Payable $97,000. Both the physical count and the records were omitted.

4 0
3 years ago
Other questions:
  • The Smiths' purchased a residence for $75,000. They made a down payment of $15,000 and agreed to assume the seller's existing mo
    9·1 answer
  • The essential problem that money solves in an economy is: a. a lack of a double coincidence of wants in an economy based on bart
    6·1 answer
  • Custom Homebuilders (CH) designs and constructs high-end homes on large lots owned by customers. CH has developed several formul
    7·1 answer
  • Segmented Income Statement Gorman Nurseries Inc. grows poinsettias and fruit trees in a green house/nursery operation. The follo
    13·1 answer
  • _______is a very useful method for determining whether respondents have any difficulty understanding the questionnaire and wheth
    6·1 answer
  • Baco opens its business in 20x2 and purchases merchandise on account for $88000. In 20x2, baco pays $67000 cash on the $88000 du
    14·1 answer
  • Data concerning a recent period’s activity in the Prep Department, the first processing department in a company that uses proces
    14·1 answer
  • These financial conglomerates provide a range of services, such as investment banking, commercial banking, and financial advisin
    8·1 answer
  • On December 30, Year 12, AGH, Inc. purchased a machine from Grant Corp. inexchange for a zero-interest-bearing note requiring ei
    15·1 answer
  • PLEASE HELP ME ILL MAKE YOU BRAINLIEST
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!