A country would have a comparative advantage to produce a good if the cost of producing this good, even if it produces efficiently, is higher than that of other countries.
Explanation:
The Competitive Vantage Principle explains how an individual produces more commodities and uses fewer goods with a comparative advantage under freer trade.
For example, the comparative advantage of oil-producing countries in chemical products. Compared to countries that are not there, the local manufactured oil is a cheap source of chemicals.
It can produce products with fewer resources, which offers countries a comparative advantage at lower incentive costs. The PPF's gradient reflects the cost of output capacity. Improving one good's production means producing less of one.
Answer: Marginal cost under demand and supply theory. Answer is 80
Explanation: QD 100-4P, Marginal Cost =S4,QS =6P -20. So
the calculation goes thus = QS=6p-20
Inputing Marginal value of 4 equates 100-4(4)
100-16 = 84
QS=6(4)-4
24-20=4
profit maximisation =QD-QS
84-4=80
Information technology can be used to support - D. all the choices are correct. All of these choices can benefit from information technology, whether those are product development teams, customer support processes, or any other business activities. Information technology nowadays is a must-have, because basically everything today is done using computers or the Internet, which is why all employees should be technologically-literate.
Answer:
Ethnocentrism
Explanation:
I wish everyone in this little country just spoke English like the rest of the civilized world
this behavior is example of Ethnocentrism because
when we judge other culture on the basis of preconceptions that is found in the value and standard of own culture
and these are regarding of religion , behavior and language and customs etc
so here we can say Susan’s behavior is an example of Ethnocentrism
so correct option is C. Ethnocentrism
Answer: (C) The production of non durable consumer goods is more stable than the production of durable consumer goods over the business cycle.
Explanation:
The consumer durability of the goods has the significant life span and the production of the non durable goods of the consumer are basically purchased for the immediate consumption over the business cycle so that is why it is more stable as compared to the production of the durable goods.
The example of the durable consumer goods are smartphones, furniture and the other household appliances. On the other hand, the non durable consumer goods are more stable as it contain daily use material like food, clothes and beverages.
