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
Angelina_Jolie [31]
3 years ago
15

A situation in which a country specializes in producing the goods it produces most efficiently and buys the products it produces

less efficiently from other countries, even if it could produce the good more efficiently itself is referred to as:
Business
1 answer:
Rus_ich [418]3 years ago
7 0

A situation in which a country specializes in producing the goods it produces most efficiently and buys the products it produces less efficiently from other countries, even if it could produce the good more efficiently itself is referred to as Ricardo's Theory of Comparative Advantage (1817).

<u>Explanation:</u>

In 1817, David Ricardo introduced the classical hypothesis of comparative advantage, which contributed the reason and advantages of foreign trade to disparities in the relative price of opportunity (cost of certain goods giving up) of generating the same product between nations.

Oil exporting countries, for an instance, have a competitive advantage in chemicals. A regional oil, as opposed to nations without these, offers a cheap source of material for the chemicals. In the system of oil distillery a lot of the raw materials are made. As a consequence, Kuwait, Saudi Arabia and Mexico compete with US chemical manufacturing companies.

You might be interested in
A limited liability company is best thought of as a cross between a partnership and a:
8_murik_8 [283]

An LLC is a cross between a partnership and a corporation, because you have the flexibility of a partnership but more of the legal and financial protections that a corporation has.

7 0
3 years ago
"Slumming" meant:
Andru [333]

Answer:

A.

Explanation:

The word 'slumming' can be defined as an act of going to socially low-level area and spending time there either with the purpose to do charity or just out of curiosity.

Harlem is a city located in the neighbourhood of New York City after blacks migrated to the place the city became a restricted area to go.

But in the early 1920s, the whites began slumming to Harlem. They left their sophisticated ways to get a share of black life. They packed themselves in speakeasies, dancehalls, jazz clubs, etc.

So, the correct answer is option A.

8 0
3 years ago
If the firm had a pronounced seasonal sales pattern or if it grew rapidly during the year, how might that affect the validity of
Lerok [7]

Answer:If the firm had sharp seasonal sales patterns, or if it grew rapidly during the year, many ratios would most likely be distorted.

Explanation: Fluctuations in Economics patterns have distorting effects on the ratios of a company or an economy especially if the the seasonal patterns has been consistent for a certain period. THE VALIDITY OF MOST RATIOS ARE SEVERELY AFFECTED BY SHARP CHANGES WHICH MAKES ECONOMIC WATCHERS FEEL THE RATIOS ALREADY ANALYSED ARE NOT VALID.

A consistent flow pattern is desired in an economy and in business Organisation as it helps to give Economic watchers enough confidence in the ratios already existing.

4 0
3 years ago
Hewo UwU peeople just saying Hewo
Anika [276]

Answer:

hello have a good day...

5 0
3 years ago
Read 2 more answers
Susan seller gave her agent a 60 days listing to sell her home for $200,000. the seller specified in the exclusions section of t
Kaylis [27]

Answer:

B) $647.47

Explanation:

The initial closing date was set for May 1st, but due to a problem with the buyer, it was moved to May 10th but that date was accepted by the seller. This means that the buyer should be responsible for the property taxes starting May 10th.

Property taxes per day = $1,832 / 365 days = $5.02 per day

Susan is responsible for paying 31 days in January, 28 days in February, 31 days in March, 30 days in April, and 9 days in May = 129 days x $5.02 = $647.47

The buyer is responsible for $1,184.53 in property taxes.

3 0
3 years ago
Other questions:
  • On the first day of the fiscal year, a company issues a $5,000,000, 7%, five-year bond that pays semiannual interest of $175,000
    10·1 answer
  • A beta distribution center worker was injured when she tried to remove items on the shelf and not a heavy box onto her for a wee
    7·1 answer
  • A company's new business is said to possess "synergy" with the company's existing business when ____
    14·1 answer
  • _ is the actual amount each common stockholder would expect to receive if a​ firm's assets are sold for their market​ value, cre
    12·1 answer
  • Despite the heavy reliance on e-mail, in certain situations calling may be the most efficient channel of communication, whether
    13·1 answer
  • _____ is the process for reviewing key roles and determining the readiness levels of potential internal and external candidates
    5·1 answer
  • A factory costs $460,000. You forecast that it will produce cash inflows of $150,000 in year 1, $210,000 in year 2, and $360,000
    11·1 answer
  • Thirty-year-old Henry tells his wife that he has 51,000,000 saved already. She tells him they should go on a big vacation soon.
    11·1 answer
  • your company’s marketing manager implements the company’s new marketing strategy and tactics on the market. what types of inform
    9·1 answer
  • When the price of pistachio nuts is $7.50 per lb. the quantity demanded is 48 lbs. When the price of pistachios is $9.00 per lb.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!