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3 years ago

To achieve the gains from trade, each nation should specialize in the production of a good or service if:

Business

1 answer:

fomenos3 years ago

3 0

Answer:

the country can make the product using fewer resources than any other country

Explanation:

If a country can produce goods and services using fewer resources than others, it means its output will be cheaper compared to other countries. Producing using fewer resources is the same as producing at lower opportunity cost. A country manufactures more products using the same resources are the other nations.

Profiting from trade will require purchasing goods and services at the lowest price possible. A country should export the products it produces at a lower price and import what other nations can manufacture using fewer resources. For example, if country A can produce a product at $20 and country B produces the same product at $10. Country A will benefit by importing the product from B $10 than producing it.

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What is a contingent beneficiary on a life insurance policy

Ludmilka [50]

Answer and Explanation:

A life insurance policy assures a lumpsum amount to the beneficiaries of the deceased policy holder against premiums paid during the holder's life.

There are a variety of insurance policies available for different amounts that one can subscribe to. Contingent beneficiary can be termed as second nominee to the policy holder's policy. In case the main or primary beneficiary is dead or declared lunatic by law, the policy proceeds can be claimed by the contingent beneficiary. The name of the contingent beneficiary is put in the policy agreement by the holder.

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4 years ago

ziro4ka [17]

Answer:

Guacamole profits will rise because the demand for it will be very highing

Explanation:

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3 years ago

True or false: the market for digital cable does not exhibit the two primary characteristics that define perfectly competitive m

Alenkasestr [34]

<span>False. The market for digital cable does not exhibit the two primary characteristics that define perfectly competitive markets. A perfectly competitive market is a theoretical market structure because the firms have to meet specific criteria to be considered a perfectly competitive market. The firms have to sell the same product (which digital cable varies in what packages and channels they offer), they need to set the same price and they are unable to allow the market shares to determine their prices. </span>

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3 years ago

Read 2 more answers

Acme Company has an agreement with a major credit card company which calls for cash to be received immediately upon deposit of A

sattari [20]

Answer:

b. Acme debits Cash $1,930

Explanation:

Before passing the journal entry, first we have to do the calculations which his shown below

= Credit card sales - Credit card sales × fee percentage

= $2,000 - $2,000 × 3.5%

= $2,000 - $70

= $1,930

The journal entries are shown below:

Cash A/c Dr $1,930

To Sales A/c $1,930

(Being cash is received after applying the fee percentage)

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3 years ago

Ryan’s shoe store sells a variety of shoes. his “active shoes” campaign is reaching the daily budget cap by the early afternoon.

irina1246 [14]

What should Ryan do in order to get more traffic for his products is to increase the budget cap of the campaign, this will have a benefit towards their goal because if there is enough budget cap, they may gain advantages in terms of having their products to be as much and to be sold to wide variety of consumers, increasing order for their product.

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4 years ago