1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ra1l [238]
2 years ago
10

If labor productivities were exactly proportional to wage levels internationally, this would A) not negate the logical basis for

trade in the Ricardian model. B) render the Ricardian model theoretically correct but practically useless. C) negate the logical basis for trade in the Ricardian model. D) negate the applicability of the Ricardian model if the number of products were greater than the number of trading partners. E) demonstrate the validity of the Ricardian model.
Business
1 answer:
Irina18 [472]2 years ago
3 0

Answer:

A)not negate the logical basis for trade in the Ricardian model.

Explanation:

Trade can be regarded as basic economic concept which involves the buying as well as selling of goods and services, having a compensation that is been paid by a buyer to a seller.

The Ricardian model can be regarded as model that incorporates the standard assumptions of a perfect competition. This model in it's simplest form give assumption of two countries that are producing two goods, but uses one factor of production, the goods here are usually assumed to be identical, or to be homogeneous, within as well as across countries. It should be noted that when there is higher wage, there will be greater number of workers that are willing to work and vice versa, which defined the relationship between wages and productivity. productivity gives the

measurement of how efficiently labor

is been utilized when producing goods and services.

It should be noted that If labor productivities were exactly proportional to wage levels internationally, this would not negate the logical basis for trade in the Ricardian model.

You might be interested in
Which of the following best defines self discipline:
Tasya [4]
D. I would think ,I hope this helped
5 0
3 years ago
Coca-Cola was primarily known for its core competencies in marketing, bottling, and distributing aerated drinks. However, with t
Effectus [21]

Answer:

B.

Explanation:

Coca-Cola was trying to build new core competencies to protect and extend their current marketing position.

8 0
3 years ago
David has a few options regarding Sedona Stout pricing:
Elina [12.6K]

Answer:

I would suggest he decrease the sales price.

Explanation:

Because it will might make people rush the product due to its low price compared to other products of another brand.

The low price will create a high demand for the product therefore causing the quantity of the products being produced to increase.

The quality of the product will be very good since the quality is not being reduced only the price therefore it might result in not having the maximum profit needed.

6 0
3 years ago
Read 2 more answers
A business practice associated with globalization involves business moving manufacturing and service centers to countries where
Law Incorporation [45]
Im so sure but I can help you later just give me a few minutes
3 0
2 years ago
Suzette has received an order for 1,500 boxes of nuts per week for the next 3 months. If she expects the trend in the marginal p
S_A_V [24]

Answer:

18,000 boxes

Explanation:

1500×3×4 or

1500×12

8 0
3 years ago
Other questions:
  • ​when an individual who has previously taken antabuse drinks alcohol, he or she will probably
    12·1 answer
  • Mr. Decker invested $20,000 in cash in his new business. How does the company record the investment?
    7·1 answer
  • Carmelita Inc., has the following information available: COST FROM BEGINNING INVENTORY direct materials $2,500 Conversion cost $
    14·1 answer
  • Mole Mfg. has asked you to develop a chase plan for the production of its earth moving equipment. Below is the beginning invento
    6·1 answer
  • Adams Company produces a product that sells for $33 per unit and has a variable cost of $13 per unit. Adams incurs annual fixed
    15·1 answer
  • Sierra Company incurs the following costs to produce and sell a single product.Variable costs per unit:Direct materials $ 11Dire
    5·1 answer
  • Caroline, the store manager at a jewelry store, conducts statewide market research and collects data on customer preferences tow
    12·1 answer
  • Since the Troy Division also sustained an operating loss in the prior year, Rice's president is considering the elimination of t
    7·1 answer
  • 2. How important it is to create a prototype before launching a certain product in the market? What is the
    6·2 answers
  • Fixed costs can be defined as costs that:_______
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!