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Marianna [84]
2 years ago
14

Explain consumptions of the principal of absolute advantage​

Business
1 answer:
DENIUS [597]2 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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Due to recent political and economic events, general prices of goods and services are expected to increase significantly over th
melomori [17]

Answer:

a. Inflation

Explanation:

In the context of economics, inflation refers to the increase in the price of goods and services

Moreover,  we also know that

(1 + Nominal rate of return) = (1 + real rate of return) × (1 + inflation rate of return)

According to the given situation, it is mentioned that The general goods and services prices are expected to rise substantially over the next five years which represents the concept of inflation

Hence, the option a is correct

5 0
2 years ago
Objectives are Multiple Choice the means by which a marketing goal is to be achieved, usually characterized by a specified targe
omeli [17]

Answer:

a road map for the marketing activities of an organization for a specified future time period, such as one year or five years.

Explanation:

A business objective is defined as measurable achievements a company wants to attain within a given period of time.

It acts as a compass that shows that activities are on track to realise business goals.

The steps to get a favourable result are outlined, resources to be used are usually stated and a time frame given to get results.

Goals on the other hand are general results that a company wants to attain. Objectives are more specific.

5 0
2 years ago
Eduardo is currently involved in FBLA (Future Business Leaders of America). He has dreams to work on Wall Street. Assuming he wi
Mamont248 [21]

Answer:c

Explanation:

I just took the text

5 0
2 years ago
A company uses a process costing system. its assembly department's beginning inventory consisted of 52,400 units, 75% complete w
zalisa [80]
Total transferred units = 121,500 
Direct labor costs = $30,000
 Completed unit from the ending inventory = 42,400 x 25% = 10600
 Now the total units transferred = 121,500 + 10600 = 132100
 Direct labor cost per equivalent unit = Direct labor costs / total units transferred
  = 30,000 / 132100 = 0.227
 Direct labor cost per equivalent unit = 0.23.
5 0
3 years ago
what problems do you think Hudson will face on entering the European market? Make a list of your ideas?
xz_007 [3.2K]

Answer:

let me check

Explanation:

ok https://www.coursehero.com/file/49694693/Hudson-Corporation-1docx/

4 0
2 years ago
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