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
marshall27 [118]
3 years ago
9

The basis of trade

Business
1 answer:
maks197457 [2]3 years ago
6 0

Answer:

• Italy has a comparative advantage in the production of wine.

• Spain has a comparative advantage in the production of cheese.

Explanation:

Comparative advantage is when a particular economy has a lower opportunity cost when it produces goods and seevices than its trading partners.

For Italy, the country forgoes the production of 2 pounds of cheese when it produces a bottle of wine while Spain forgoes 4 pounds of cheese.

The above statement simply means that Italy has a comparative advantage in the production of wine and Spain has a comparative advantage in the production of cheese.

You might be interested in
U Co. had cash purchases and payments on account during the current year totaling $455,000. U's beginning and ending accounts pa
Bumek [7]

Answer:

correct option is a) $441,000

Explanation:

given data

Cash payments = $455,000

beginning accounts payable = $64,000

ending accounts payable = $50,000

solution

we use here T account equation and get accrual-basis purchases that is

ending accounts payable = beginning accounts payable + Accrual purchases - Cash payments   .......................1

put here value we get

$50,000 = $64,000 + Accrual purchases - $455,000

solve it we get

Accrual purchases = $441,000

so correct option is a) $441,000

4 0
3 years ago
_____ is a measure of the number of times an individual is exposed to a brand message via advertising. it is used to measure the
Reika [66]
Frequency is a measure of the number of times an individual is exposed to a brand message via advertising.
6 0
3 years ago
If you take out a $30,000 student loan at 6%:
olganol [36]

Answer

Hello,

The correct answer option is {C}

Explanation

Every year, 6% of the debt increases as the interest rate is charged, thus the grand total of the actual debt will be more than $30000 due to the added interest. In addition to that, the monthly payment of $255 is inclusive of the payment of the principal amount and interest on the loan.

Wish you Luck!

7 0
3 years ago
Read 2 more answers
Gary and Houston have been running their own business for three years. When they started the business, they developed a guide fo
valentina_108 [34]

Answer: Strategic plan, tactical plan, operational plan

Explanation:

The names that he should use to refer to the guide is the strategic plan. The strategic plan is used to know the goals of an organization and the.needed strategies that'll enable the achievement of the goals.

The individual plans, refer to the tactical plans and it occurs after the strategic plan has been created. The tactical plan simply shows the steps that will be taken for the goals to be accomplished.

The plan to oversee other plans is the operational plan. The operational plan is drawn by the company in order to propel the company to be successful and achieve its goals.

7 0
3 years ago
Which of the following items should be included in a company's inventory at the balance sheet date? A) Goods sold to a customer
Nikitich [7]

Answer:

The correct answer is C.

Explanation:

In the inventory of a company, when it is on the balance sheet date, goods in transit purchased at an f.o.b. shipping point must be included.

Goods in transit are goods that are not physically in the warehouse but have already been paid for by the company. This already acquired merchandise is property of the company, only that its arrival is only waited for to the deposit.

Have a nice day!

8 0
3 years ago
Read 2 more answers
Other questions:
  • An article in BusinessWeek in 2013 reported that Fed Chairman Ben Bernanke testified to Congress that: "If we see continued impr
    12·1 answer
  • Shanta belongs to a?
    12·1 answer
  • Firms that specialize in performing international business services for SME and new-to-export companies, as commission represent
    9·1 answer
  • Information related to plant assets, natural resources, and intangibles at the end of 2020 for Kingbird, Inc. is as follows: bui
    13·1 answer
  • A negative externality is
    12·1 answer
  • When a magazine company collects cash for selling a subscription, it is an example of: select one:
    5·1 answer
  • Mercury Company reports depreciation expense of $56,000 for Year 2. Also, equipment costing $189,000 was sold for its book value
    8·2 answers
  • A restaurant offers hamburgers and cheeseburgers on its menu. Customers order a hamburger, indicate how it is to be cooked and w
    8·1 answer
  • Which displays the data while retaining all the properties of the charts?
    8·1 answer
  • Assets Liabilities
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!