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Paha777 [63]
2 years ago
7

Comparative advantage is the ability to produce: Multiple Choice more of a good than others with a given amount of resources. re

latively more than any other good with a given amount of resources. a good or service at a lower opportunity cost than others. more of a good at a lower cost.
Business
1 answer:
BlackZzzverrR [31]2 years ago
6 0

Answer:

a good or service at a lower opportunity cost than others.

Explanation:

A country has a comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.

For example :

there are two countries , A and B

A produces 10 kg of rice and 5 kg of beans.

B produces 5 kg of rice and 10 kg of beans

the opportunity cost of A :

in producing rice = 5/10 = 0.5

In producing beans = 10/5 = 2

the opportunity cost of B :

in producing rice = 10/5 = 2

In producing beans = 5/10 = 0.5

A has a lower opportunity cost and a comparative advantage in the production of rice.

B has a lower opportunity cost and a comparative advantage in the production of beans.

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liberstina [14]

Answer: a) has no intrinsic value

Explanation:

Fiat currency is money that is used in a country and is regulated by the central bank of that country. Fiat money has no commodity backing it such as gold or silver and has no intrinsic value of its own.

It is instead backed by the full faith and credit of the government of the country that produces it. For instance, the US dollar is backed by the full faith and credit of the US government.

3 0
3 years ago
What is the definition of excellent customer service?
stiks02 [169]
Good customer service means having thorough  knowledge and having a positive attitude.
7 0
3 years ago
Grizzly Company had Retained Earnings at December 31, 2018 of $300,000. During 2019, the company had revenucs of $600,000 and ex
scZoUnD [109]

Answer:

b. $358,500

Explanation:

Given;

Retained Earnings at December 31, 2018 = $300,000

In 2019,

Revenue = $600,000

Expenses = $525,000

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Retained earnings on the balance sheet as of December 31, 2019

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The right option is b. $358,500

3 0
3 years ago
Bonds that may be exchanged for common stock at the option of the bondholders are called
Sedaia [141]

Answer: CONVERTIBLE BONDS

                           

Explanation: In simple words, convertible bonds refers to those fixed assets securities that could be converted into common stock on the discretion of the bondholders.

Such kind of securities is usually used by companies who are new to the market and wants to attract investors with maximum security of bonds as initial investment and maximum potential benefit as an option of converting bonds into common stock.

These types of bonds offer lower interest rates due to the embedded option of conversion.

4 0
3 years ago
If your paycheck indicates that you worked 7.5 hours each day in an 8-day pay period, how many hours did you work in all? A. 54
allsm [11]
Hi!

To solve this multiply

7.5 x 8 = 60

The answer is C. 60 hours

Hope this helps! :)

6 0
3 years ago
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