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3 years ago

To achieve gains from trade, each nation should specialize in the production of a good or service if:

Business

1 answer:

irinina [24]3 years ago

3 0

Answer:

Explanation:

A country gains from trade if it specialises in the production of the good for which it has a comparative advantage

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries. this means that the country can produce the good by forgoing fewer alternative products

For example, country A produces 10kg of beans and 5kg of rice. Country B produces 5kg of beans and 10kg of rice.

for country A,

opportunity cost of producing beans = 5/10 = 0.5

opportunity cost of producing rice = 10/5 = 2

for country B,

opportunity cost of producing rice = 5/10 = 0.5

opportunity cost of producing beans = 10/5 = 2

Country A has a comparative advantage in the production of beans and country B has a comparative advantage in the production of rice

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A flight route is served by American Airlines (AA) and Southwest Airlines (SW). Suppose American is the industry leader American

tatiyna

Answer:

The correct answer is b) American will leave fares unchanged and Southwest will leave fares unchanged.

Explanation:

The Nash Balance is a situation where individuals or players have no incentive to change their strategy taking into account the strategy of their opponents.

In the Nash equilibrium, the strategy chosen by each participant of a conflict or game is optimal, given the strategy chosen by the others. In other words, nobody will gain anything if they decide to change their strategy under the assumption that the other individuals do not change theirs.

It should be noted that under the Nash equilibrium the greatest gain is not necessarily obtained for all individuals or players as a whole. It is only true that each responds optimally to the strategy of others. In many cases, individuals would like to be able to reach another balance with higher profits but fail to do so because they face the risk of being betrayed.

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4 years ago

Tresnan Brothers is expected to pay a $2.95 dividend on its common stock at at the end of this year. This company's dividends ar

tino4ka555 [31]

Answer:

current value = $66.29

Explanation:

given data

expected to pay dividend = $2.95

constant rate = 4% per year

required rate of return = 8.45%

solution

Stock's current value per share will be express as

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put here value and we get

current value = $2.95 ÷ ( 8.45% - 4% )

current value = $66.29

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3 years ago

You are the project manager for the KLN Project. You had 19 stakeholders on this project. You have added three team

IgorLugansk [536]

I think the answer is a

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Answer:

real GDP

Explanation:

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Customer acquisition strategies can be designed to convert prospects into real customers. Content marketing and advertising are ways to do this.

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2 years ago