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zmey [24]
3 years ago
11

If a nation that does not allow international trade in steel has a domestic price of steel lower than the world price, then:

Business
1 answer:
Ivenika [448]3 years ago
7 0

Answer:

A. the nation has a comparative advantage in producing steel and would become a steel exporter if it opened up trade. 

Explanation:

A country has comparative advantage in production if it produces at a lower opportunity cost when compared with other countries.

If the price of the country is lower than the world price, it indicates that the country has a lower opportunity cost and a comparative advantage in the production of the good.

A country that has comparative advantage in the production of a good, should specialise in its production and export it to other countries.

A closed economy is an economy that doesn't trade with other countries.

An open economy is an economy that trades with other countries.

I hope my answer helps you

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I think the correct answer is “Money supply”
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A product sells for $275 per unit, and its variable costs are 68% of sales. The fixed costs are $345,600. What is the break-even
OleMash [197]

Ratio of contribution margin = ($275 - $187)/$275 = 32%

Break-even point in sales dollars = $345,600/0.32 = $1,080,000.

<h2>What is Break-even point?</h2>

The amount (total sales revenue) or output level (total units produced) at which a business has recouped all variable and fixed costs is known as the break-even point.

  • As a result of Total Cost Equals Total Revenue, there is no profit or loss at break-even.
<h3>How do you determine the break-even point in sales volume?</h3>

Three values must be known in order to calculate a company's breakeven threshold in sales volume:

  • a fixed price: Rent is one example of a cost that is not related to sales volume.
  • varying expenses costs, such as the price of producing the good, that are based on sales volume
  • Price at which the product is sold.

learn more about breakeven point at: <u><em>https://brainly.in/question/31484328?msp_srt_exp=6&referrer=searchResults</em></u>

#SPJ4

7 0
2 years ago
Read 2 more answers
__________ helps by 1) Expanding global reach; 2) Opening new markets through mass customization and personalization; 3) Reducin
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Answer:

E-Business

Explanation:

E- Business is a field of buying and selling products on an online forum. It has benefited the global market in a tremendous way and has helped the economies to grow grandly.

As in the question, e- business has helped by expanding global reach, opening new markets through mass customization and personalization, reducing costs by removing intermediaries that facilitate buying and selling of goods through the process of disinter-mediation and selling directly to the consumer; and improving effectiveness

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Explanation:

1. Because marketing of goods must comply with current marketing practices. Trends and consumer perceptions must be maintained. It is important.

This refers to the acquisition, distribution, and marketing of goods, services or trademarks, such as advertisement and market analysis, and the production of the products for customers or end-users.

2. An example of an economic good and an economic service :

Economic goods: cars, furniture, television, and clothing

Economic services: cooking a hamburger, cutting hair

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The __________ proposed that all impediments to the formation of a single market (the EC) be eliminated by December 31, 1992, re
snow_lady [41]

The Delors commission proposed that all impediments to the formation of a single market (the EC) be eliminated by December 31, 1992, resulting in the Single European Act.

<h3>What is Delors Commission?</h3>

Delors Commission was an admistration by Delors, he was the eight president of the Europeans.

He was the one who set the single market and also established the community of the Europeans the act was commissioned in 1967.

Therefore, The Delors commission proposed that all impediments to the formation of a single market (the EC) be eliminated by December 31, 1992, resulting in the Single European Act.

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