Answer:
Explanation:
Comparative advantage is an economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners.
The theory of comparative advantage introduces opportunity cost as a factor for analysis in choosing between different options for production.
Comparative advantage suggests that countries will engage in trade with one another, exporting the goods that they have a relative advantage in.
Absolute advantage refers to the uncontested superiority of a country to produce a particular good better.
Hope this helped!!
It’s A for sure just really got to add the puzzles together
Answer:
Option C.
Dr Insurance Expense $2,100
Cr Prepaid Insurance $2,100
Explanation:
The initial payment of $12,600 is for 6 months which means monthly charge of insurance is $2,100 ($12,600 / 6 months). The initial prepaid expense was recorded as under:
Dr Prepaid Insurance $2,100
Cr Cash Account $2,100
At the end of each month, the insurance expense is recognized and the entry is as under:
Dr Insurance Expense $2,100
Cr Prepaid Insurance $2,100
The mean is the average.
Add the 4 prices together and then divide by 4.
1.25 + 1.45 + 1.10 + 1.32 = $5.12
5.12 / 4 = 1.28
The mean price is $1.28
