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solniwko [45]
3 years ago
11

The theory of comparative advantage Multiple Choice claims that economic well-being is enhanced if each country's citizens produ

ce only a single product. claims that economic well-being is enhanced when all countries compare commodity prices after adjusting for exchange rate differences in order to standardize the prices charged all countries. claims that economic well-being is enhanced if each country's citizens produce that which they have a comparative advantage in producing relative to the citizens of other countries, and then trade production. claims that no country has an absolute advantage over another country in the production of any good or service.
Business
1 answer:
sergij07 [2.7K]3 years ago
4 0

Answer:

The correct answer is letter "C": claims that economic well-being is enhanced if each country's citizens produce that which they have a comparative advantage in producing relative to the citizens of other countries, and then trade production.

Explanation:

Comparative advantage is an advantage that an individual, organization o country has that allows them to produce at lower opportunities costs compared to competitors. This scenario does not mean the individual or organization has an absolute advantage over their business rivals.

If individuals of a country would concentrate ton producing that at which they have a comparative advantage compared to other countries so they can exchange the output with other nations., they would lead their country to success.

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The definition of a business is:
kykrilka [37]

Answer:

a person's regular occupation, profession, or trade.

Explanation:

4 0
3 years ago
Colby Company has a process costing system in which the weighted-average method is used. The company adds all materials at the b
ivanzaharov [21]

Answer:

$7,650

Explanation:

Ending work in progress = Beginning Work in progress + Units started - Units completed and transferred

= $22,000 + $90,000 - $97,000

= $15,000

Equivalent units = Units completed and transferred + Ending work in progress

= $97,000 + $15,000

= $112,000

Total cost = Material cost (Beginning) + Material cost during the month

= $11,000 + $46,100

= $57,100

Cost per equivalent unit = $57,100 ÷ $112,000

= $0.51

Materials cost of the work in process inventory at March 31 = Ending work in progress × Cost per equivalent unit

= $15,000 × $0.51

= $7,650

4 0
3 years ago
The General offers automobile insurance online. Buyers can purchase a policy over the Internet and the company will provide imme
Ivahew [28]

Answer: The General offers automobile insurance online. Buyers can purchase a policy over the Internet and the company will provide immediate proof of insurance to get legal drivers on the road quickly.

This shows how electronic commerce contributes to customer value through the creation of <u>new facilities that save time and money, making the insurance system much more efficient and faster, resulting in greater comfort for customers.</u>

5 0
3 years ago
If fixed costs are $821,000 and variable costs are 63% of sales, what is the break-even point in sales dollars
Nezavi [6.7K]

Answer:

Break-even point (dollars)= $2,218,919

Explanation:

Giving the following information:

Fixed costs= $821,000

Variable costs rate= 63%

<u>If the variable cost rate is 63%, then the contribution margin rate is:</u>

Contribution margin ratio= 1 - 0.63

Contribution margin ratio= 0.37

<u>Now, the break-even point in sales revenue:</u>

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)=  821,000 / 0.37

Break-even point (dollars)= $2,218,919

5 0
3 years ago
Gamma corporation, an american company, signs a contract with theta corporation, a corporation from another nation, where theta
Zepler [3.9K]

Assuming the options are:

a. Yes, because it is good business to maximize profits, and those Foreign citizens are better off with a job than without one.

b. No, because Gamma has an ethical obligation to make sure that people who work For them, either directly or indirectly, are being treated Fairly.

c. No, because Gamma has a legal and ethical duty to make sure that foreign suppliers maintain working conditions that meet or exceed American standards.

d. Yes, because Gamma cannot be expected to investigate and oversee all of their suppliers, and Gamma is not doing anything wrong

The answer is B. Gamma has a responsibility to ensure that its workers, including those working indirectly for the company, are being treated fairly. This is a key ethical concept in international business, and often a source of controversy, as many large American companies outsource low-cost labor, and often the conditions that these employees work in are far from fair. 

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3 years ago
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