Answer: According to the principle of comparative advantage, worldwide output and consumption will be higher when nations specialize in the production of those goods and services "a. they can provide at a lower opportunity costs."
Explanation: The comparative advantage is the ability of a country to produce a good using relatively less resources than another. The theory of comparative advantages says that Each country in question will specialize in what is most efficient. At the same time, it will import the rest of the products in which they are most ineffective in terms of production. Although a country does not have an absolute advantage in producing any good, it may specialize in those goods in which it finds a greater comparative advantage and finally be able to participate in the international market.
Answer:
d. The maintenance costs associated with the napkin folding machine.
Explanation:
The cost that required one or more processors to produced a final product is known as joint cost
Here in the given question, the maintenance cost is not considered to be a joint cost as this cost are associated with the paper napkins
Also, the pulping, screening, rolling, etc are considered to be joint cost
Hence, the correct option is d.
Current ratio is a comparison of current assets to current liabilities, calculated by dividing your current assets by your current liabilities.
The quick ratio compares the total amount of cash + marketable securities + accounts receivable to the amount of current liabilities.
A. Inventory would be a factor in both of these ration (assets). In both of these industries, inventory would be low. You cannot readily stockpile energy and burgers are perishable items.
B. It is true that both of these industries would have low outstanding accounts receivable because people will need their power to survive and fast food places don't offer credit.
C. These two industries deal with cash mainly. Cash doesn't have to be physical currency, but accounts that can easily be paid.
D. Low current and quick ratios are actually signs of good management not poor management.
All of the above are correct EXCEPT answer D.
The correct answer is Physical Activity Level.
Physical Activity Level or also known as PAL is best described as a way to explicit a person's daily physical hobby as quite a number, and is used to estimate a person's overall strength expenditure. In combination with the basal metabolic rate, it could be used to compute the amount of food power someone needs to eat so as to keep a selected way of life.
