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Tom [10]
3 years ago
15

Suppose that France and Germany both produce fish and olives. France's opportunity cost of producing a crate of olives is 4 poun

ds of fish while Germany's opportunity cost of producing a crate of olives is 10 pounds of fish. By comparing the opportunity cost of producing olives in the two countries, you can tell that __________ has a comparative advantage in the production of olives and _______ has a comparative advantage in the production of fish.
Business
1 answer:
Genrish500 [490]3 years ago
4 0

Answer:

France

Germany

Explanation:

A country has comparative advantage in production if it produces at a lower opportunity cost when compared with other countries.

France has a lower opportunity cost in the production of olives compared to Germany.

It means that Germany would have a lower opportunity cost in the production of fish when compared to France.

I hope my answer helps you

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Answer:

I could display the qualities of a visionary leader by offering a coherent vision for the future, and a good economic plan.

Explanation:

A visionary leader in such a dire situation would first of all show a guide to the people, would tell them that there is hope, and would explain to them why such hope still exists.

Such leader would also lay out an economic plan that can resolve, at least, some of the economic issues of the country, because it is true that no plan is perfect, and no government policy solves all problems by itself.

5 0
3 years ago
A materials requisition slip showed that direct materials requested were $36000 and indirect materials requested were $6000. The
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Answer:

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5 0
3 years ago
ABC has the following balances on December 31 prior to closing entries: Revenues $25,000 Retained Earnings, Jan. 1 20,000 Cash 3
bazaltina [42]

Answer:

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In the question, the only relevant adjustments are net income of $15,000 ($25,000 - $10,000) and dividends of $2,000; every other account relates to other balance sheet components (either assets or liabilities). Therefore, the adjusted retained earnings balance at the end of the year would be: $20,000 + $15,000 - $2,000 = $33,000 (adjusted retained earnings).

8 0
3 years ago
A company purchased an asset for $3,600,000 that will be used in a 3-year project. The asset is in the 3-year MACRS class. The d
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Answer:

$266,760

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3 years ago
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3 years ago
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