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Len [333]
3 years ago
7

People in the U.S. state of Iowa eat both corn and potatoes. It is technically possible for farmers to grow both corn and potato

es in Iowa, yet almost no farmers grow potatoes. Instead, every year, Iowa exports corn and imports potatoes from the U.S. state of Idaho, where farmers specialize in potatoes. Which of the following principles of economic interaction best describes this scenario?
A) When markets do not achieve efficiency, government intervention can improve overall welfare.
B) Trade can make everyone better off.
C) There is a tradeoff between equity and efficiency.
D) All costs are opportunity costs.
Business
1 answer:
ad-work [718]3 years ago
0 0

Answer: The correct answer is "B) Trade can make everyone better off.".

Explanation: <u>The principle that says that Commerce can make everyone better is the one that best describes this scenario.</u>

This happens because each state in question will specialize in what is most efficient. At the same time, the rest of the products in which they are most inefficient in terms of production will be imported.

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Which of the following is true of semiglobalization?
ehidna [41]

Answer:

The answer is: B) It is a type of globalization that lies between total isolation and total globalization.

Explanation:

Semi-globalization is a term that tries to explain how the world is becoming one single market (globalization) but at the same time barriers still exist and are very significant in different markets.

A few years ago this term was used to describe situations that arouse in emerging markets, where governments were trying to protect internal markets while trying to export their goods to developed countries.

Now it has become more common for developed countries to try to set entry barriers for foreign products but at the same time expect other nations to receive their products freely. E.g. Trump's trade war with China or the Brexit.

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3 years ago
Pacific Division has the following information:
Luden [163]

Answer:

it will be a net loss of 560,000

It is better to produce at a loss of 60,000 than a loss of 620,000

That's because, the Division cover a good portion of their allocate fixed cost.

Explanation:

The fixed expense are allocate cost. Are unavoidable cost It will remain even if the division is dropped.

The sales and variable cost will be zero.

\left[\begin{array}{cccc}&Continued&Discontinued&Differential\\Sales&1,200,000&0&-1,200,000\\Variable&-640,000&0&640,000\\Allocate cost&-620,000&-620,000&0\\Result&-60,000&-620,000&-560,000\\\end{array}\right]

After posting the values, we calculate the differential income.

In this case it will be a loss for 560,000

5 0
3 years ago
Spotnick Enterprises is exploring options for entering into international markets. The key stakeholders have expressed that the
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Sputnik Enterprises is exploring options for entering into international markets. The key stakeholders have expressed that the primary concern is that Spotnick maintains the maximum amount of control possible to protect its proprietary technology. A greenfield venture entry would be best for Spotnick.

<h3>What Is a Green-Field Investment?</h3>

A green-field (also "greenfield") investment is a type of foreign direct investment (FDI) in which a parent company creates a subsidiary in a different country, building its operations from the ground up. The strategy involves building everything the company needs from the ground (or green field) up. This can include all facets of the business, from plant construction to marketing and distribution channels.

To learn more about Green-Field Investment visit the link

brainly.com/question/15104691

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2 years ago
Chicken and tuna fish are substitutes in consumption. Suppose that new technology decreases the cost of catching tuna. This woul
mihalych1998 [28]

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B. a decrease; a decrease

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Substitutes' goods are products that can be consumed in place of each other.  If one product is missing, consumers will be ready and willing to buy its substitute. An increase or fall in the price of a good or services will cause the demand for its substitute to move in the opposite direction.

Equilibrium quantity is when supply matches the demand. If the price of Tuna fish decreases, its demand will increase as more customers will afford it. Tuna and chicken are substitutes, should the price of Tuna decrease,  customers will prefer to consume Tuna over chicken.  Consequently, the demand for chicken will reduce w leading to a decrease in its price.

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Protocols created by _____ are most likely to be accepted and successful.
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Multi-functional  new product teams

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