3 years ago

Why are products made in Third World Countries cheaper than goods made in the US?

1 answer:

6 0

Answer:

Demand in developing countries is lower and so the price is set lower to match the capacity to pay (such as pharmaceuticals). Locally produced goods, especially the outputs of primary production are generally inexpensive and often will be cheaper in developing countries e.g. bananas.

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Why does manufacturing's multiplier effect matter to an economy?

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It has a greater impact than service industries.

Explanation:

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3 years ago

How do countries develop a comparative advantage over their trading

GrogVix [38]

A would be the correct answer

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Mountain High Ice Cream Company transferred $68,000 of accounts receivable to the Prudential Bank. The transfer was made with re

horrorfan [7]

Answer:

Entries are given below

Explanation:

Calculations

Cash = ($68,000 x 90%) - ($68,000 x 2%)

Cash = $61,200 - $1,360

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DEBIT CREDIT

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3 years ago

Zappos, an online shoe company, knows shoes are typically a(n) ________ good, with consumers often spending time comparing alter

Leona [35]

Answer:

shopping

Explanation:

Shopping products are the ones that customers tend to compare in order to buy them considering different characteristics like price, style and quality. Because of this, customers take some time before deciding what to purchase and shoes can be considered a shopping good as consumers will make comparisons before deciding which one to buy.

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This chart shows the link between interest in a product and the price a consumer pays.

mr Goodwill [35]

<u>Answer: </u>

The given chart shows the link between interest in a product and the price a consumer pays.

<u>Explanation: </u>

The more the interest a person has in a product, the more willing he is to pay any demanded price for the product.
On the other hand, if a person is not at all interested in a specific product, he would not buy it even if it is available at the cheapest price in the market.

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3 years ago

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