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Marianna [84]
3 years ago
14

Explain consumptions of the principal of absolute advantage​

Business
1 answer:
DENIUS [597]3 years ago
6 0

Answer:

The Absolute Advantage Theory assumed that only bilateral trade could take place between nations and only in two commodities that are to be exchanged.

Explanation:

In economics, the principle of absolute advantage refers to the ability of a party (an individual, a firm, or a country) to produce more of a good or service than competitors while using the same amount of resources.

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$51. 15

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Explanation:

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A company purchased inventory for $ 2 comma 000 from a vendor on​ account, FOB shipping​ point, with terms of 2​/10, ​n/30. The
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Answer:

Inventory would be 1, 768

Explanation:

2,000  goods

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  -400  returned goods

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