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olchik [2.2K]
3 years ago
5

Are the following statements true or false? Explain in each case.

Business
1 answer:
mixer [17]3 years ago
6 0

Answer:

a. True

b. False

c. False

d. False

e. False

Explanation:

A. True. This is because  trade usually occurs when the two countries meet a mutual agreement that benefits them both. Resources are distributed round the world in an uneven manner, and no country has the highest concentration of every single resource or item of trade. Hence, countries cannot produce all goods in the same quantities, at the same cost. The concept of comparative advantage now has to come in. Countries know it is cheaper to buy from more established countries in the production of certain goods, than producing it themselves.Hence in that kind of trade, both parties will be gaining. The exporting country gains money, while the importer gains the service at a cheaper cost than producing it themselves.

B. False: Although talent is good, some tasks require specialized training to be able to perform effectively eg. surgery, writing, driving, financial accounting. There are some disciplines that do not emphasize talent, rather diligence and attentiveness. Hence, it is not possible for a talented person to have a comparative advantage in everything he does, because a lot of things do not require talent; rather they require diligence.

C. False: It is actually possible for a trade to be good for both parties involved. In fact, most of the time trade is done when there is mutual benefit between the two parties. Trade in which only one party is gaining is mostly done out of trickery, compulsion or threat. As a norm, rational trade is done under free will when both parties gain.

D. False: Sometimes, the deal can be bad for one of the parties. When this occurs under free will, it is mostly as a result of ignorance. Typical examples were seen during the era of geographical colonialism and slave trade. The communities that gave their people as slaves where being impoverished of their human capacity, for the exchange of physical commodities which turned out bad for them in future years to come.

E. False. This is not always the case. Trade done by a country sometimes affects the people in the country. for example, a country that exports a lot of fish, will most likely have high prices for fish in their local market, because

1. Fish is a scarce resource and they are limited in supply and hence cannot serve both the local and international markets effectively without proper regulation.

2. Most fishermen will like to export their fish to make more profit through economies of scale. as a result, this will create scarcity of fish in the local  region.

The scarcity will cause high local prices of fish  which will affect the poor masses in the country.

Hence, trade done by a country doesn't always benefit everyone in the country

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You just won a state lottery! The lottery offers you a choice: you may choose a lump sum today, or $89 million in 26 equal annua
deff fn [24]

Answer:

the lump sum that would equal the present value of the annual installments is $38,163,612

Explanation:

The computation of the lumspum amount is as follows;

= Cash flow × (1 - (1 + rate of interest)^-number of years) ÷ rate of interest)

= $89 million × (1 - (1 + 0.0765)^-26) ÷ 0.0765)

= $38,163,612

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Therefore the above is calculated by applying the given formula

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3 years ago
While building the ancient pyramids, the Egyptians performed several management functions. They submitted written requests and c
geniusboy [140]

Answer:

a, b and c i.e Organizing, Planning and Controlling

Explanation:

Note: <u>Since more than one option is to be selected, the three terms have been provided as an answer</u>

Organizing is the management function concerned with creation of organizational hierarchy, defining roles and objectives and authority and reporting responsibilities.

Planning refers to providing for unforeseen future events and deciding the ways to deal with them.

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In the given case, written request signifies planning, creation of a staff and consulting before arriving at decisions refers to organizing and controlling function.

4 0
3 years ago
_________was established by the Better Business Bureau to evaluate ads directed at children based on guidelines that encourage s
Phantasy [73]

Answer: The Children's Advertising Review Unit.

Explanation:

The Children’s Advertising Review Unit or CARU was established in 1974 as an independent self-regulatory agency. Its function is to regulate publicity in the media so can be suitable for children under 12 years of age.

CARU regulate television, radio, print media, and virtual media, so the advertising directed at children under the age of twelve is not misleading, immoral, and is consistent with the child's cognitive ability.

<em>I hope this information can help you.</em>

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3 years ago
1. Suppose the amount of premium leather decreases from 180 to 150 a. Does the shadow price change? Why or why not? b. If possib
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Answer:

Explanation: A. Shadow price has not changed because Shadow price show value of a commodity without considering final cost.

B. Change in value 180 - 150/180 X 100 = 16.7

C. The optimal solution didn't change because the product price went from it highest profit 180 to it's least cost 150

5 0
3 years ago
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Anna35 [415]

Answer:

The correct answer is letter "A": True.

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Digitizing photographs complicated printing since it pushed printers' manufacturers to invest more in their development teams to create high-quality image printing devices. This was originated as a result of the spread of the paste-up process which allowed individuals to attach almost any image to their documents for printing purposes.

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