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pentagon [3]
3 years ago
10

A nation has an absolute advantage in the production of a good, if Group of answer choices it can produce that good at a lower o

pportunity cost than its trading partner it can produce that good using fewer resources than its trading partner it can produce that good using more resources than its trading partner it can produce that good at a higher opportunity cost than its trading partner PreviousNext
Business
1 answer:
Leona [35]3 years ago
6 0

Answer: it can produce that good using fewer resources than its trading partner

Explanation:

A country has an absolute advantage in the production of a good when such country can produce the good using fewer resources than another country.

Absolute advantage can be due to the natural endowment of a country. For example, let's say Japan uses 2 hours in producing a good while Brazil uses 5 hours in producing such good. Then, it can be deduced that Japan has an absolute advantage over Brazil.

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The price of gasoline in Europe is about three times that in the United​ States, mainly because the European gas tax is higher t
Phantasy [73]

Answer:Raising the gas tax will likely encourage more non-highway related spending.

An increase in gas taxes will hurt middle-income Americans the most.

A gas tax hike will increase the price of consumer goods.

Tax hikes have a negative impact on economic growth.

Raising the gas tax will not solve the real problem.

Explanation:Lower gas price could add much as half a percentage point to the GDP growth in United States of America.

5 0
3 years ago
Read 2 more answers
When a product reaches the decline stage of the product life cycle, a firm has two choices. One choice involves product deletion
damaskus [11]

Answer: (E) Harvesting

Explanation:

 The harvesting is one of the type of marketing strategy that retain the goods and the services in the production line and also reduces the market cost or spending on the specific products.

The harvesting strategy is also known as the exist strategy in the market and the main objective of the harvesting strategy is that it maximize the product profits and also has the opportunity for trading in an organization for distributing the shares.

Therefore, Option (E) is correct.  

6 0
3 years ago
The producers of a new movie decide that they want three Jeep Cherokees for the main characters (Huey, Dewey, and Louie) to driv
slamgirl [31]

<u>Full question:</u>

The producers of a new movie decide that they want three Jeep Cherokees for the main characters (Huey, Dewey, and Louie) to drive. After negotiating with Jeep, they decide that Jeep will donate the three vehicles to the movie producers in exchange for the ability to use Huey, Dewey, and Louie in their next commercial. This approach to product placement is known as:

A. Sponsorship

B. Reciprocal

C. Personal Selling

D. Barter

<u>Answer:</u>

This approach to product placement is known as:Reciprocal

<u>Explanation:</u>

Reciprocal marketing defines a condition in which two businesses support each other to obtain a bilateral benefit. Reciprocal marketing transpires when companies accept to barter each others' goods or services or when a firm does something "free" for clients and a portion of these consumers reciprocate by purchasing from that company.

An essential and frequently employed reciprocal marketing method that is marketing to the client preferably than business to business are free propositions. The means this acts is that your business contributes to a "freebie" to inherent buyers.

4 0
3 years ago
Which of the following correctly describes an example of a secondary competitor?
OverLord2011 [107]

Answer: A coffee shop that also sells pastries would be a secondary competitor for a bakery that sells pastries, among other products.

(took the test)

5 0
3 years ago
Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases.
Elden [556K]

Answer:

1. closing inventory = (10+20+15)= 45 -15 =30units *$11.33 =$340.80

2. Closing inventory = $378

Explanation:

1) WAM = (cost of purchases - returns)/ (units purchased -returns)

            =[ (10*6)+(20*12)+(15*14)]/(10+20+15

            =$510/45

           =$11.33

2. Specific Identification Method = $378

7 Dec (10 - 8) = 2 units *6     =$12

14 Dec (20-7) =13 units *12  =$156

25 Dec    15*14                    =$210

6 0
3 years ago
Read 2 more answers
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