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Likurg_2 [28]
3 years ago
7

Given the data in the chart above, which statement explains why these three countries would benefit from specialization and trad

e?
Each country has an absolute advantage in one activity.

No country has an absolute advantage in all activities.

One country has a comparative advantage in all activities.

One country has an absolute advantage in all activities.

Business
2 answers:
Sladkaya [172]3 years ago
7 0
Given the chart, France, Italy and Greece all have very similar hours with similar averages for each activity. Therefore, no country has an absolute advantage in all of the activities. 
ollegr [7]3 years ago
6 0

Answer:

The correct answer is "No country has an absolute advantage in all activities".

Explanation:

Greece, France, and Italy have similar characteristics in terms of the number of hours worked to produce wine and olive oil. None of them has an absolute or comparative advantage in any or all of the activities, given that the amounts of working hours are similar.

Have a nice day!

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7 0
4 years ago
When might adding an additional employee be bad for a small business?
Anarel [89]

Answer:

If the demand for the product or services goes down

Explanation:

A reduction in demand for a good or service results in a decline in its price. As per the law of supply and demand, a decline in demand while holding other factors constant pushing the equilibrium price down. Reduced prices mean that the revenues obtained from the sales of the product or service will decline.

Hiring an extra worker when the demand is low will lead to losses. Low demand causes low prices, which implies that the cost of the new employee will be greater than the benefits obtained from the worker.  A reduction in prices will mean that the marginal product of labor will be lower than the cost of labor.

3 0
3 years ago
In a bottle-manufacturing company, employees were divided into two teams, hoping to increase production by fostering competition
dalvyx [7]

Answer: synergy

                             

Explanation:   Synergy refers to the idea that the total value and output of two groups of individuals should surpass the total of that same individual components.

Synergy is really a concept most frequently used within mergers and acquisitions (M&A). Synergy is most often a driving factor underneath a merger, or the possible financial gain gained through the combination of businesses.

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6 0
3 years ago
In the current period, Forward Co. started with the production of 21,000 units and completed 8,400 units, leaving 13,200 units i
____ [38]

Answer:

$2.51 per unit

Explanation:

The computation of the cost per equivalent unit is shown below:

But before that the equivalent units is to be computed

Equivalent units = units completed + equivalents units in ending inventory

= 8,400 units + (13,200 units × 42%)

= 13,944 units

Now

Cost per equivalent unit = cost incurred ÷ equivalent units

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= $2.51 per unit

4 0
3 years ago
In june 2016, kelly purchased new equipment for $26,000 to be used in her business. assuming kelly has net income from her busin
mel-nik [20]
The answer is "<span>$14,858".

this is how we calculate this;
</span><span>She purchased new equipment for = $26,000 
</span>($26,000 × 50% bonus) + ($13,000 × 14.29%)
=13,000 + 1857.7
= $14,857.7 = $14,858
4 0
3 years ago
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