Answer:
b. countries can become better off by specializing in what they do best.
Explanation:
Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.
The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.
In 1817, David Ricardo who is an english political economist talked about the law of comparative advantage in his book “On the Principles of Political Economy and Taxation."
Also, the principle of comparative advantage asserts that countries can become better off by specializing in what they do best.
This simply means that, any country applying the principle of comparative advantage, would enjoy an increase in output and consequently, a boost in their Gross Domestic Products (GDP).
Answer:
negatively correlated
Explanation:
Variables are negatively correlated if an increase in one variable causes a decrease in the other variable. Negative correlation usually has a value of -1.
The psychologists found that rich people are less satisfied with their jobs compared to poor people, so as one's wealth increases, job satisfaction decreases. This shows that wealth and job sanctification are negatively correlated.
Variables are positively correlated if an increase in one variable causes a increase in the other variable. Negative correlation usually has a value of +1.
If wealth and job satisfaction were positively correlated, rich people would have more job satisfaction when compared to poor people
Answer:
The amount of dividends paid to common stockholders in 2021 $18000.
Explanation:
The cumulative preferred stock is the stock that accumulates dividends when the dividends are partially or not paid at all in a certain year. The dividends must be paid in the future.
The common stock holders are paid after the preferred stockholders are paid.
The preferred stock dividend per year = 400000 * 0.06 = $24000 per year
As the cash dividends paid in 2019 and 2020 are $20000 each,
The dividend outstanding on preferred stocks for 2019 is = 24000 - 20000 = $4000
Similarly, the dividends outstanding on preferred stocks for 2020 is = 24000 - 20000 = $4000
The total dividends outstanding at start of 2021 = 4000 + 4000 = $8000
Preferred dividend for 2021 = 24000
Total dividend on preferred stock = 24000 + 8000 = $32000
The amount of dividends that common stock holders will receive in 2021 = 50000 - 32000 = $18000
Debit cards have replaced check writing in many ways. This is because debit cards, like checks, will take the money directly from your bank account. Unlike credit cards, you must have the money in your account for you to use your debit card. Credit cards allow you to "borrow" money and pay it back later.
All of Cornelius’s activities are aimed at giving grand games a sustainable competitive advantage through <u>strategic positioning.</u>
- Strategic positioning simply refers to the methods that a business can use in distinguishing itself from its competitors. It is the decision taken by a firm on how to serve the customers and deliver quality products to them.
- Based on the information given, Cornelius owns a high-end store that retails games and toys that are handcrafted and carefully selected. Also, Cornelius targets customers who value artisanal work, this is referred to as strategic positioning.
In conclusion, the correct option is strategic positioning.
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