1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
RoseWind [281]
3 years ago
5

The theory of comparative advantage states that there are gains from trade if countries specialize and optimize their opportunit

y costs. why is comparative advantage a driving force behind trade behind trade between regions and countries? why does specialization lead to welfare improvement? why engaging in trade is better than trying to be self-sufficient?
Business
1 answer:
Margarita [4]3 years ago
7 0
In simpler terms, the theory of comparative advantage refers to the possibility of one given economic actor to produce the same good which is of the same size and quality. This becomes a force behind trade because there are specific materials that are found in specific area in the Philippines only.

Doing trading is I think  is better than being self-sufficient .
You might be interested in
Sally Eason put $4,000 in her deductible IRA this year. If Sally is in the 25 percent marginal tax bracket, the government actua
Luba_88 [7]

Answer: $1000

Explanation:

From the question, we are informed that Sally Eason put $4,000 in her deductible IRA this year and that Sally is in the 25 percent marginal tax bracket.

Based on the above information, the government contributed:

= 25% × $4,000

= 25/100 × $4,000

= 0.25 × $4,000

= $1000

4 0
2 years ago
What is the normal journal entry when writing-off an account as uncollectible under the allowance method?.
kherson [118]

The journal entry when writing off an account as uncollectible under the allowance method is:

Allowance for Doubtful Debts     ( Dr.)              xxxxx

Accounts Receivable       ( Cr.)                                                 xxxxx

The allowance technique involves putting aside a reserve for terrible debts that are expected in the future. The reserve is based on a percent of the income generated in a reporting length, possibly adjusted for the danger associated with positive clients.

The allowance technique is used to determine how an awful lot of money a commercial enterprise needs to set apart for future awful or unrecoverable customer debt. It factors in the price of the losses an organization expects from extending patron credit.

The allowance approach requires a small commercial enterprise to estimate at the cease of the 12 months how an awful lot awful debt they have got, while the direct write-off method we could owners write off horrific debt whenever they determine a patron might not pay an invoice.

Learn more about the allowance method here brainly.com/question/4636062

#SPJ4

5 0
2 years ago
Which is a business likely to need to secure startup capital from a venture capitalist?
EleoNora [17]
Any business that is in the tech business, where massive amounts of money go for development and for producton are companies that are very likely to need startup capital from some sort of investor; in this case it can be a venture capitalist but it can also be any other type of investor. 
4 0
3 years ago
Read 2 more answers
Specialization:
AysviL [449]

Answer:

Specialization can lead to an increase in overall production

Explanation:

We specializes in something we are skilled at and will become better at and so we will be able to produce more of that goods and services

8 0
3 years ago
Ed needs to take out a loan for $7,000 to purchase a car. His bank has offered him a loan at 10.0% interest, compounded monthly,
Evgesh-ka [11]
A is the answer i am very good at loans and the answer is A
8 0
3 years ago
Read 2 more answers
Other questions:
  • a restaurant would like to be able to announce its daily specials every morning on its website. which of the following social we
    9·1 answer
  • Oceanview marine company performance materiality question
    5·1 answer
  • If a company is considering the purchase of a parcel of land that was acquired by the seller for $94,000, is offered for sale at
    11·1 answer
  • A lighthouse might be considered a private good if A. the owner of the lighthouse is able to exclude beneficiaries from receivin
    12·1 answer
  • Look up the following words. Give the etymology of each. State what kind of term, such as mathematical, scientific, political sc
    6·1 answer
  • Sam is paying off his eight-year, $15,360 loan in semiannual installments. The loan has an interest rate of 9.58%, compounded se
    15·2 answers
  • OSHA standards appear in the ___________ and are then broken down into ____________.
    8·1 answer
  • Ryan buys a helmet for $20 and a bike that is on sale for $25 off. At the register, the cashier takes an additional 10% off the
    5·2 answers
  • 3. The CAPM suggests that securities having more systematic risk than the market should typically also earn a higher risk premiu
    8·1 answer
  • If both covered interest parity and uncovered interest parity hold, then the expected future spot rate is equal to the: current
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!