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Nady [450]
3 years ago
12

Country A has great expertise in the production of planes and produces a large quantity of planes while country B has expertise

in the production of automobiles and produces large quantities of cars. When the two countries trade planes for automobiles
a. only country B benefits because through trade they can acquire planes that are more valuable than automobiles.
b. both countries improve allocative efficiency because they can now consume a more desirable combination of goods and services (planes and cars) through trade.
c. both countries improve allocative efficiency because they will both have the same number of cars and automobiles after trade.
Business
1 answer:
Shkiper50 [21]3 years ago
3 0

Answer:

B

Explanation:

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

A company has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries

Allocative efficiency occurs in efficient markets when goods, services or capital are distributed in a way that is efficient to all the parties involved.

When countries trade in the goods for which they have a comparative advantage in its production, all the parties in the trade gains

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Answer and Explanation:

The preparation of the lower portion is presented below:

Income from the continuing operation

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3 years ago
Discuss the propriety of showing: a) treasury stock as an asset - b) ""gain"" or ""loss"" on sale of treasury stock as additions
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Answer:

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b) Gain or loss on sale of treasury stock is not to be treated as income, it should be added or subtracted from share capital because it is a capital transaction.

c). Treasury stock is not an asset. Dividends received from treasury stock cannot be treated as income, it is only assets that generates income.

Explanation:

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a. The treasury stock is like a corporation acquiring itself, so it cannot be shown as an asset, it is only a reclassification within the same balance sheet.

b. Gains or loss on sale of treasury stock is not an income transaction, it is a transaction that affects the share capital of the corporation and must be charged to the share capital not the income.

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6 0
3 years ago
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Answer:

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6 0
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Read 2 more answers
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