if you cause a car accident, which type of insurance will require you to pay the least out of pocket?

Country a specializes in the production of copper and produces it more efficiently than any other country. It buys wheat, which

tatuchka [14]

The choice of country a to purchase wheat from country b is supported by Ricardo's theory of comparative advantage, which is the theory of international commerce.

<h3>What is the trade theory of Ricardo?</h3>

Three premises underlie the Ricardian theory of international trade: labor productivities are fixed, there is no cross-border movement of the production factors, and labor is the only production factor. Only the first of these presumptions is acknowledged by Ricardo himself.

According to Ricardo's well-known theory of comparative advantage, countries can gain a competitive advantage in international trade by focusing on producing goods with the lowest opportunity costs compared to those of other countries.

<h3>What can we infer about the advantages of free trade from Ricardo's theory of comparative advantage?</h3>

The foundation of international trade is comparative advantage, which also serves as the basis for the positive economic effects of free trade on nations. According to the comparative advantage concept, trade can still be advantageous to both trading partners even when one country has a clear advantage in producing goods.

Learn more about Ricardo's theory of comparative advantage: brainly.com/question/14015888

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7 0

1 year ago

A not-for-profit (NFP) organization acting as a financial intermediary receives a contribution. Under the FASB Codificationthe N

IrinaK [193]

Answer:

B. The NFP is acting as an agent, receiving the contribution on behalf of another organization.

Explanation:

When the Not for profit organization acts as an intermediary then it would record the contribution it received from some organisation towards some different third organisation.

As the amount does not belong to Not for Profit organisation, and then it needs to further pay such amount to different party or organisation to which it belongs, and on behalf of which the Not for Profit organisation collected such amount.

4 0

3 years ago

A recent study on enrollment at a liberal arts college concluded that demand elasticity is 0.91. The administration is consideri

Julli [10]

Based on the fact that the demand elasticity is 0.91, the revenue-maximizing decision would be to d. increase tuition, which would generate more revenue.

<h3>Why is this the revenue-maximizing decision?</h3>

When the demand elasticity is below 1 as is the case here, it means that demand is inelastic.

When demand is inelastic, an increase in price will lead to a lower decrease in demand. This means that increasing prices for enrollment in this college will bring in revenue because there won't be much change in demand.

In conclusion, option D is correct.

Find out more on demand elasticity at brainly.com/question/6791468.

6 0

2 years ago

You plan to retire in 28 years. You would like to maintain your current level of consumption which is $52,672 per year. You will

igor_vitrenko [27]

Answer:

The amount to invest each year for 13 years is $5,617.37.

Explanation:

This can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = current level of consumption = $52,672

P = amount to invest each year = ?

r = annual nominal interest rate = 5.03%, or 0.0503

n = number of years = 13

Substituting the values into equation (1) and solve for n, we have:

$52,672 = P * ((1 - (1 / (1 + 0.0503))^13) / 0.0503)

$52,672 = P * 9.37662983027493

P = $52,672 / 9.37662983027493

P = $5,617.37

Therefore, the amount to invest each year for 13 years is $5,617.37.

7 0

3 years ago

Dewey just won a million-dollar lottery jackpot. one year from now, he is likely to be:

creativ13 [48]

I would say that one year from now he is likely to be destitute of the one million because he will most likely give a lot of it to family and friends and also pay off debts which most likely will leave very little disposable cash for him/herself.

5 0

3 years ago