Answer:
Unocal was attracted to Burma for several reasons. First, labor was cheap and relatively educated. Second, Burma was rich in natural gas resources. Third, Burma was an entry point into other international markets, particularly in and around Southeast Asia. Finally the political environment was extremely stable.
Explanation:
Answer:
Harlose Suits owns more equipment than required for manufacturing goods during periods of regular demand in order to tackle sudden demand surges. It also has a certain reserve of produced goods to tackle material shortages. In this case, the reserve of equipment and produced goods are examples of <u>the</u> <u>capacity cushion</u>.
Explanation:
The capacity cushion is the amount of reserve capacity that a business keeps to manage sudden increases of demand or momentarily losses of production capacity.
Answer:
Accounting profit= $55,000
Explanation:
Giving the following information:
Last year, he earned $70000 in revenue. He had explicit costs of $15000.
<u>The accounting profit doesn't take into account the opportunity cost of other income options.</u>
Accounting profit= 70,000 - 15,000= $55,000
The correct answer is (b) importing.
importer is buying products from another country.
<h3>What Exactly Is an Import?</h3>
An import is an item or service purchased in one nation but manufactured in another. The two pillars of global trade are imports and exports. if a nation's imports are more than its exports in value.
Free-trade agreements and a reliance on imports from nations with less expensive labor frequently appear to be the main causes of the reduction in manufacturing jobs in the importing country. Free trade makes it easier to import products and raw materials from regions with less expensive labor costs, which lessens the need for domestically produced items. Between 2000 and 2007, the effects on manufacturing jobs were noticeable, and the Great Recession and the subsequent slow recovery only made matters worse.
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