Answer:
Ricardo’s Theory of Comparative Advantage
Explanation:
Comparative advantage is the term used to define the ability of an individual, firm or country to produce a particular good or service at a lower opportunity cost than that if it’s competitors or trade partners. Opportunity cost is the benefit lost from the second best alternative.
When a country can produce a product more efficiently (i.e maximum output using minimum resources) than that of its trade partners, it is known as that it has absolute advantage in that product. India tends to have absolute advantage in both business processes outsourcing as well as producing agricultural commodities as it is mentioned that it can produce both of these more efficiently than the United States.
However, although it has absolute advantage in both, it is still less efficient in producing agricultural commodities when compared to business process outsourcing. In other words, if it attempts to produce agricultural commodities in-house, the benefit lost from the second best alternative: business process outsourcing is high. The opportunity cost is higher when it produces agricultural commodities than it is when it does business process outsourcing. Hence, due to the law of comparative advantage, it chooses to specialize in business process outsourcing and imports agricultural commodities.
Answer:
C. He can hire a new employee for a temporary replacement
Explanation:
because what if the other states are going to shut down the trade industry and you just shut down your shoe factory the whole city is going to be shoe less so i would say c and wait to find a worthy successor for his position in the shoe manufacturing business.
Answer:
True
Explanation:
Marketing is about to under understanding what generate values to the customer.
Answer:
Amount invested in account paying 2% = $17,000
Amount invested in account paying 5% = $12,000
Explanation:
Total amount invested = $29,000
Total Interest earned = $940
Let the amount invested in account paying 2% interest be 'x'
Therefore,
the amount invested in account paying 5% interest will be '$29,000 - x'
Now,
( 2% of x ) + [ 5% of ( $29,000 - x)] = $940
or
0.02x + 1450 - 0.05x = $940
or
- 0.03x = $940 - $1450
or
- 0.03x = - $510
or
x = $17,000
Hence,
Amount invested in account paying 2% = $17,000
Amount invested in account paying 5% = $29,000 - $17,000 = $12,000
Answer:
The correct answer is the third option: The City Airport Fund, an enterprise fund, transfers a portion of boarding fees charged to passengers to the General Fund.
Explanation:
To begin with, the name of "government-wide financial statements" is refered to the type of statements that bring all the financial activity together in one single place with the purpose to report certain economic information so that the people in charge of certain things can go and see all that information in order to use as a tool for the decision making process when the case arise. Moreover, this type of statements are the ones who organized all that information depending on whether it comes from the activities done by the government or done by the companies and businesses of the nation.
