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kiruha [24]
3 years ago
12

Examples of comparative advantage show how trade between two countries can make each better off. Compared to their pre-trade pos

itions, trade makes both countries better off because in each country A) total employment is greater.B) total consumption of goods is greater.C) wages are higher. D) total welfare is greater.
Business
1 answer:
Vika [28.1K]3 years ago
3 0

Answer:

The correct answer is option B.

Explanation:

Comparative advantage refers to the situation when a nation or individual is able to produce a good or service at a comparatively lower opportunity cost. The nation is said to specialize in the good or service it can produce at a lower opportunity cost.

Trade through specialization helps both the nation involved in the trade to consume more. Each nation produces more of the good it specializes in and exchanges it for the good it does not specializes in.

In this way, both of them are able to consume beyond their production possibility curves.

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Aubrey uses her credit card to buy some clothes for $552.86. She can pay up to $195 on the credit card each month. What is the t
Gemiola [76]
<span>She makes the purchase for $552.86. After one month, she owes $552.86 + the interest of that month. One month's interest is 27.3%/12 on the balance, so $552.86 * 0.273/12 = $12.58 At the end of the first month, she owes $552.86 + $12.58 = $565.44. She pays $195. Now she owes $565.44 - $195 = $370.44 After the second month, she owes $370.44 + interst of that month. One month's interest is 27.3%/12 on the balance, so $370.44 * 0.273/12 = $8.43 At the end of the second month, she owes $370.44 + $8.43 = $378.87 She pays $195. Now she owes $378.87 - $195 = $183.87 After the third month, she owes $183.87 + interest of that month. One month's interest is 27.3%/12, so $183.87 * 0.273/12 = $4.18 At the end of the third month, she owes $183.87 + $4.18 = $188.05 She pays $188.05 and pays it off. The total amount she paid was $195 + $195 + $188.05 = $578.05</span>
7 0
3 years ago
A farmer sells $25,000 worth of apples to individuals who take them home to eat, $50,000 worth of apples to a company that uses
forsale [732]

Answer:

<u>$25,000 </u>

Explanation:

Now, to get the amount of farmer's sale of that which will be included as apples in GDP.

The farmer’s sales of worth $25,000 will be included as apples in GDP, as the farmer sells the apples to individuals who take them to eat.

<u><em>GDP is abbreviated as gross domestic product.</em></u>

<em>GDP represents the goods and services produced within the country over a particular time. The economists used it to determine whether the country is facing recession or having a growth.</em>

<u><em>As, the $25,000 worth of apples of the farmer's sale is the monetary value of the apples produced  by the farmer in the country to sell to individuals for their consumption in their home. As private consumption is one of largest part of GDP.</em></u>

Thus, the farmer's sales that will be included as apples in GDP is <u>$25,000</u> worth of apples, as the farmers sells these apples to individuals who take them home to eat.

8 0
4 years ago
The low cost of labor in other countries around the globe is a factor that business must consider because they are impacted by _
aleksandr82 [10.1K]

Answer:

The correct answer is letter "A": the social business environment.

Explanation:

The social business environment includes the society inhabitants' believes, customs, and lifestyles. It determines how businesses are handled in different regions worldwide. When it comes to low costs of labor, it might be beneficial for some companies that can open subsidiaries there to lower production costs but it also represents a struggle for some other firms because their products seem unreachable because of the low wages people earn.

7 0
3 years ago
Ashley bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $350 more than the desktop. She
Digiron [165]

Answer:

Laptop = $3250

Desktop = $2900

Explanation:

Total finance charge = $398

Laptop cost = 350 + x

Desktop = X

<u>Workings</u>

Finance cost = (7% *X ) + (6% * 350+x ) = 398

0,07 X + 0.06 X + 21 = 398

0.13 X + 21 = 398

0.13 X = 398 -21

0.13 X = 377

Therefore ,X = 377/0.13

=2900

Cost of Desktop = 2900

Cost of Laptop =2900+350 =3,250

6 0
3 years ago
Bob, a salesperson at a Carpets Galore store, tells Dita, a customer, "Buy your carpet here, and I'll install it for half of wha
monitta

Answer:

Duty of Loyalty

Explanation:

  • The duty of loyalty, described as a duty, is the duty of a person to act in the best interests of their company, which is not to waste when the individual sees corporate opportunities for their personal benefit, avoid personal interest in transactions between the company and other parties, and keep company information private. .
  • The duty of loyalty that can be seen when Bata engages himself in an interested transaction for the sale of the carpet.

3 0
3 years ago
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