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Sloan [31]
2 years ago
14

There are several economic explanations for why trade is so commonplace. Match each of the examples listed below with the econom

ic concept that best explains the behavior or observation.
A. Swiss watch manufacturers producing high quality time pieces.
B. U.S. auto makers offering a great variety of makes and models of cars.
C. The ability of developing nations to export textiles to wealthier countries.
D. Doctors becoming experts in one type of medicine rather than becoming proficient in many areas.
E. Your economics professor paying a gardener to do work that he/she could do on their own.
1. Comparative Advantage
2. Specialization or Economies of Scale
Business
1 answer:
levacccp [35]2 years ago
5 0

Answer:

Explanation:

A. Swiss watch manufacturers producing high quality time pieces.

1. Comparative Advantage

B. U.S. auto makers offering a great variety of makes and models of cars.

2. Specialization or Economies of Scale

C. The ability of developing nations to export textiles to wealthier countries.

US auto makers manufacture on large scale so they have economies of scale . Moreover they are technically superior because of specialisation .  

1. Comparative Advantage

wealthier nation too can export textile but that will be costlier so developing nation has comparative advantage of cheap labour.

D. Doctors becoming experts in one type of medicine rather than becoming proficient in many areas.

2. Specialization or Economies of Scale

E. Your economics professor paying a gardener to do work that he/she could do on their own.

1. Comparative Advantage

Professor can earn more by using his time as a professor so he has comparative advantage .

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Blizzard [7]

Answer:

curriculum is the correct answer right no

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2 years ago
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Suppose that a company needs 1,500,000 items during a year and that preparation for each production run costs $900. Suppose also
bulgar [2K]

Answer:

30,000 units

Explanation:

we can use the economic order quantity formula:

EOQ = √(2SD/H)

where:

  • S = order cost (per purchase order) ≈ production run cost = $900
  • D = demand in units (annual basis) ≈ production requirement = 1,500,000 units
  • H = holding costs (per unit, per year) = $3 per item, per year

EOQ = √[(2 x $900 x 1,500,000) / $3] = 30,000 units

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3 years ago
10) A blue ocean strategy A. B) involves a preemptive strike to secure an advantageous position in a fast-growing market segment
Zarrin [17]

Answer:

The correct answer is D) offers growth in revenues and profits by discovering or inventing a new industry or distinct market segment that renders rivals largely irrelevant and allows a company to create and capture altogether new demand.

Explanation:

The blue ocean strategy is a marketing theory that determines the need for organizations to forget about competition and focus especially on creating their own growth possibilities, which allows perceiving other variables that are of greater importance for business and that generally remain hidden due to the price war in which the market has been involved.

4 0
3 years ago
Banks that are financial intermediaries generate earnings when they facilitate the transfer of money from savers to borrowers by
lesya692 [45]

Answer: True

Explanation:

Financial intermediaries are the institutions they have been put in place like a building society, bank, or unit-trust company, which are charged with the responsibility of holding funds from the lenders so that loans will be made available to people that wants to borrow.

It should be noted that banks that are financial intermediaries generate earnings when they facilitate the transfer of money from savers to borrowers by paying savers a smaller return than they demand from borrowers. This earning is their charges for the service rendered.

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Answer:

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Explanation:

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