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Irina-Kira [14]
3 years ago
13

The Republic of South Africa exports edible fruits and nuts into the common market known as the European Union, and imports from

the European Union other products which South Africa could produce but at a higher cost than what it costs the Europeans to produce. This practice follows the premise of _________________.
1. The Theory of Competitive Positioning
2. The Theory of Absolute Advantage
3. The Theory of Malthus
4. The Theory of Comparative Advantage
Business
1 answer:
Nitella [24]3 years ago
8 0

Answer:

4. The Theory of Comparative Advantage

Explanation:

The theory of comparative advantage implies that nations will partake in trade with each other, exporting goods which have a comparative productivity advantage. The theory was first proposed by David Ricardo in 1817.

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The first group marketers try to bring their new products to the attention to are potential​ __________.
nika2105 [10]
The first group marketers try to bring their new products to the attention to are potential​ innovators. The innovators are individuals or group of people who are  willing to try new products and ideas. Innovators bring new ideas, new devices or new methods on the market that will meet user's requirements and needs. 
6 0
3 years ago
During some year a country had exports of $50 billion, imports of $70 billion, and domestic investment of $100 billion. what was
ch4aika [34]

Savings = Investment +Net exports ( where Net export = Export - Imports)

             = 100 + 50-70

             = $80 billion

Imports are goods and services purchased from the rest of the world by residents of a country rather than domestically produced items. Exports are goods and services produced in the United States but sold to customers in other countries.

Total imports and total exports are critical components in calculating a country's GDP. They are categorized as "Net Exports." Net exports are calculated by subtracting the total value of a country's exports from the total value of its imports. A trade surplus is indicated by a positive net exports figure.

To learn more about exports, click here

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8 0
1 year ago
In a certain economy, jam and bread are produced, and the economy currently operates on its production possibilities frontier. W
valkas [14]

Answer:

C. The economy experiences economic growth.

Explanation:

When the economy is already working on the production possibility frontier the economic agents are already employed and working on full optimization.

In case of economic growth the production possibility frontier shifts upward and results in producing more jam and bread.

5 0
3 years ago
Vaughn Manufacturing has fixed costs of $30000 per year. Its warehouse sells wine with variable costs of 90% of its unit selling
oksian1 [2.3K]

Answer:

$300,000

Explanation:

Calculation for How much in sales does Vaughn need to break even per year

Using this formula

Sales needed to break even=Fixed cost/(1-Unit selling price Variable costs)

Let plug in the formula

Sales needed to break even=$30,000 / (1 -.9)

Sales needed to break even=$30,000 / (0.1)

Sales needed to break even=$300,000

Therefore How much in sales does Vaughn need to break even per year will be $300,000

8 0
3 years ago
Tile & Grout (T&G) contracts to resurface the insides of the pools at WaterWorld Park. T&G knows that without the re
Pavel [41]

Answer:

The answer is Letter C

Explanation:

Water World can recover the loss of profit from the delayed opening.

4 0
2 years ago
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