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Anni [7]
3 years ago
15

The factor-price equalization theory and transportation costs Which of the following statements about the factor-price equalizat

ion theory and the effects of transportation costs are correct? Check all that apply. Differences in transport costs do not affect the comparative advantage of trading nations. Free trade, in the absence of transportation costs or other barriers to trade, tends to equalize product prices and factor prices. Transportation costs prevent product prices from equalizing. Workers in trading nations always earn the same wages, and capital earns the same interest income.
Business
1 answer:
abruzzese [7]3 years ago
6 0

Answer:

B and C

Explanation:

The correct statements about the factor-price equalization and the effects of transportation costs are:

  1. Free trade, in the absence of transportation costs or other barriers to trade, tends to equalize product prices and factor prices.
  2. Transportation costs prevent product prices from equalizing.
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weqwewe [10]

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Explanation:

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What major financial problem does a person face when trying to cash a paycheck without a bank account?
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Answer:

D) Paying a fee at another financial institution to cash the check. thats the answer

Explanation:

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3 years ago
Janet wants to calculate the real growth rate for the US between 2010 and 2011. She has the follow information: real GDP in 2010
Zina [86]

Answer:

The answer is 3.3%

Explanation:

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New figure - Old figure /old figure x 100%

Real GDP in 2011 is $15.5 trillion

Real GDP in 2010 is $15 trillion

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Alternatively, new figure - old figure - 1

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8 0
3 years ago
Which of the following is an example of a sunk cost?
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Answer:

The correct answer is option D.

Explanation:

Sunk costs can be defined as those costs which already been incurred and cannot be recovered anymore. These costs are excluded from business decision making.

It is can be referred to as a cost that is no longer relevant.  

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