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vagabundo [1.1K]
3 years ago
11

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

Business
1 answer:
Lostsunrise [7]3 years ago
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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irga5000 [103]

Answer:

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
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A would be the correct answer
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2 years ago
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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
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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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Entries

                                                   DEBIT      CREDIT

Cash                                           $59,840

Loss on sale                              $6,160

Receivable from factor            $5,800

Recourse liability                                        $3,800

Receivables                                                  $68,000

4 0
3 years ago
Zappos, an online shoe company, knows shoes are typically a(n) ________ good, with consumers often spending time comparing alter
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Answer:

shopping

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<u>Answer: </u>

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

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3 years ago
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