Answer:
The United States can specialise in producing goods and services which capitalise on its competitive advantages.
Explanation:
Increased global trade opens the United States (U.S) to international markets. This allows businesses in the U.S to scale their operations so as to meet world demand. In doing so, these businesses may experience lower costs per unit due to increasing production capacity. This growth in operations could lead to increased competition from foreign businesses seeking to enter or operating in the U.S economy. Owing to this, higher levels of innovation and efficiency at firm level would be instituted so as to offer competitive prices.
Answer:
Explanation:
Opening stock Mar 1 2013 $500
Purchases in the month. $1,200
Used stocks in the month. $1,400
Closing stock at 31st Mar $ 300
Inventory Account. Dr. Cr
Opening stock. 500
Purchases. 1,200
Used stock. 1,400
Closing bal c/d. 300
Total. 1,700. 1,700
Balance b/f. 300
A.) head-on.
rear-ending cars are going the same direction as you, so they don't hit as hard.
trees aren't part of multi-vehicle crashes (hopefully)
Answer:
Monopoly
Explanation:
Monopoly is a market structure where only one firm controls the market share and earn abnormal profits. In a monopoly market, a producer or a supplier earn abnormal profits, which is why they don't try to control the cost of production because they can sell the good at any price. This situation where the cost of production increases, it creates X-inefficiency.
