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DENIUS [597]
2 years ago
14

Identify the choice that best completes the statement or answers the question. The law of comparative advantage states that a na

tion is better off when it produces goods and services for which it has the comparative advantage. How is a comparative advantage obtained
Business
1 answer:
ipn [44]2 years ago
5 0

Answer:

By producing a product with a lower opportunity cost

Explanation:

Given that the law of comparative advantage states that a nation is better off when it produces goods and services for which it has a comparative advantage.

To obtain a comparative advantage means "By producing a product with a lower opportunity cost."

This implies that while many nations can produce the same products, a particular nation will have the comparative advantage over other nations if its opportunity cost of producing that specific product is quite lower compared to other nations that ks capable of producing the same product.

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Walmart's customers have come to expect to find P&G products in stores, and P&G depends on Walmart to purchase a good po
Tatiana [17]

Answer:

vertical marketing system

Explanation:

Based on the scenario being described within the question it can be said that this scenario represents the first phase of a vertical marketing system. This is a cooperative system of business, in which members work together in order to correctly promote efficient manufacturing and product delivery to the customers, to meet customer needs.

7 0
3 years ago
Mortgage insurance rates vary with the perceived riskiness of the loan.Which of the following scenarios would result in a higher
xxTIMURxx [149]

Answer: D) A "cash-out" refinancing loan

Explanation:

A "cash-out" refinancing loan refers to when a person replaces the mortgage that they have on a house with a newer, larger mortgage than the balance of the previous mortgage on the house.

The difference between this new mortgage and the old one can then be withdrawn in cash.

This would attract a higher mortgage insurance premium because the value of debt has now increased because as earlier mentioned, the new mortgage will be larger than the previous one so to cater for this, the insurance premiums will rise.

3 0
2 years ago
Fox Corp. failed to accrue warranty costs of $150,000 in its December 31, 20x2, financial statements. In addition, a $130,000 ch
faust18 [17]

Answer:

$150,000

Explanation:

$150,000

The failure to accrue warranty expense is an accounting error. It gives rise to a Prior period adjustment in the year of discovery (20x3).

Prior period adjustments are limited to corrections of errors affecting prior-year net income. They adjust the beginning balance of retained earnings in the year of correction.

The change in depreciation method is an estimate change, which is reported in earnings. It is not a Prior period adjustmen

8 0
2 years ago
McDonald has invented a machine that harvests corn in the field, automatically shucks the corn from the husk, and peels the kern
julia-pushkina [17]

Answer:

Correct option is (d)

Explanation:

Utility patent is granted to protect an innovation from being copied by others. Utility patent is granted to protect the functionality or usage of the product while design patent is granted to protect the way the product looks like its appearance or ornamentation.

Utility patent is granted for 20 years from the date the application is file with the US trade office while design patent is granted for 14 years from the date of invention.

Here, McDonald's invention is granted utility patent that protects the product for 20 years from the date application is filed with the US patent office.

6 0
3 years ago
Someone help me please.... I really appreciate
satela [25.4K]
Personal goal: A personal goal I have is to be and active citizen to my community. Help others, pick up trash.

High school Goal: My high school goal is to graduate, so I can get into and Ivy League school.

Financial goal: My goal is to have enough money for my college tuition.
7 0
2 years ago
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