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
MAXImum [283]
3 years ago
15

An examination of the Ricardian model of comparative advantage yields the clear result that trade is (potentially) beneficial fo

r each of the two trading partners since it allows for an expanded consumption choice for each. However, for the world as a whole the expansion of production of one product must involve a decrease in the availability of the other, so that it is not clear that trade is better for the world as a whole as compared to an initial situation of non-trade (but efficient production in each country). Are there in fact gains from trade for the world as a whole? Explain.
Business
1 answer:
Zarrin [17]3 years ago
5 0

Answer:There are gains from trade but the distribution of these gains may not be the same for everyone

Explanation:There are some correlation between economic growth and trade.

Global economics intergration may be a potential factor that causes trade to affect economic growth positively.

When there is global intergration companies learn to adopt new technologies and those which doesn't may phase out ,dynamic firms which can export to the world experience an increase in demand and this lead to these companies gaining the advantage of operating on larger scale where price per unit product becomes lower. This means the company isnt restricted to their country of origin.

They can also lean and be innovative as they obtain more experience from exposures to certain technologies and adopt those technologies and certain standards that make these company compete efficient.

You might be interested in
Morgan Pharmaceutical spends $50,000 this year in research and development for a new drug to cure liver damage. By the end of th
kenny6666 [7]

Answer:

The impact of spending $50,000 on the research and development for a new drug to to cure liver damage will increase the expenses of the Morgan Pharmaceutical in the years financial statements.

Explanation:

Morgan pharmaceutical is pending $50,000 on he research and development of new drug which can cure the liver damage, from this spending company is expecting that after they have successfully created new drug it will lead to the increase in sales , which will ultimately lead to increase in profits , which then would totally recover the initial cost incurred on research and development but until then these expenses would be shown in the current years financial statement as expenses, and thus would increase the total expenses of the company.

3 0
3 years ago
Who was the 3rd overall pick in the 2020 nba draft and what team selected him?
Arada [10]

Answer:

The Charlotte Hornets selected LaMelo Ball :)

7 0
3 years ago
Each team in the league can spend a maximum of $33 million per year on salaries. If the Whalers have 45 players and the average
finlep [7]

Answer:

The correct answer is (B)

Explanation:

Each team in the league has a limit of $33 million every year on compensations, and they have 45 players with a pay of $700,000. Firstly, we need to find the total salary of 45 players.

$700,000 * 45 = $31,500,000 is the total salary of 45 players  

$33,000,000- $31,500,000 = $1,500,000

According to the results, , the sum that they have left under the Cap is $1,500,000.

6 0
3 years ago
The Jennings Group reacquired 3 million of its shares at $76 per share as treasury stock. Last year, for the first time, Jenning
ra1l [238]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
3 0
3 years ago
The general manager at the Las Vegas Convention Center is planning to expand its functional area, especially the operations depa
Andru [333]

Answer:

A. Customer service friendliness and genuinenss in helping guest

Explanation:

5 0
3 years ago
Other questions:
  • Different bosses have the authority to run their own departments in
    10·2 answers
  • Mary wants to purchase a 20-year bond that has a par value of $1,000 and makes semiannual interest payments of $40. If her requi
    9·1 answer
  • The system that compares trades of nasdaq issues and reports the trades to the network c tape is called:
    8·1 answer
  • Martin Services Company provides their employees vacation benefits and a defined contribution pension plan. Employees earned vac
    9·1 answer
  • Shamas famous restaurants expects to pay a common stock dividend of $1.50 per share next year (d1). dividends are expected to gr
    7·1 answer
  • Zwilling Corporation’s comparative balance sheet for current assets and liabilities was as follows:
    11·1 answer
  • Laverne purchased a new piece of equipment to be used in its new facility. The $355,000 piece of equipment was purchased with a
    10·1 answer
  • In projecting operating expenses for the second and third year costs like ________ are likely to remain stable unless new equipm
    8·1 answer
  • A company purchases shipments of machine components and uses this acceptance sampling plan: Randomly select and test 26 componen
    14·1 answer
  • Acme Corp. is conducting a business impact analysis for the threat of ransomware impacting its organization. The company determi
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!