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butalik [34]
3 years ago
13

When each person specializes in producing the good in which he or she has a comparative advantage, total production in the econo

my
a. falls.
b. rises.
c. stays the same.
d. may fall, rise, or stay the same?
Business
1 answer:
luda_lava [24]3 years ago
4 0
Hello There!

The correct answer would be B. Rises.

Hope This Helps You!
Good Luck :) 

- Hannah ❤
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The difference between the present value of future cash inflows and the present value of future cash outflows of an investment p
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Answer:

The correct answer is "Net present value"

Explanation:

The Net present value (NPV) commonly is used in projects and investments to analyze the profitability and compare it with other projects or investments to decide which is better.  

Net Present Value (NPV) = Cash flow / (1 + discount rate) ^ number of time periods.

4 0
3 years ago
What is the principle that justifies a regressive tax?
bixtya [17]

Answer:

Benefits-received principle

Explanation:

This principle says that the people who benefit most from government assistance programs should be the one to pay for them. Regressive taxes represent a higher portion of money for low income families, with the idea that it is okay because the government provides more services for low income families.

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3 years ago
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Under what circumstance might you receive a tax refund from the IRS?
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This means that the tax you owe is less than what you paid for your taxes. Another circumstance is when you are entitled to tax credits. IRS stands of Internal Revenue Service. The circumstance in which you might receive a tax refund from the IRS if you have paid more in taxes than you owed for the year.
3 0
3 years ago
Assume that labor is a variable input. the average wage of workers increases in a purely competitive industry. this change will
Korolek [52]

Assume that labor is a variable input. The average wage of workers increases in a purely competitive industry. This change will result in an increase in marginal cost for firms in the industry and a decrease in the industry supply curve.

    Businesses may decide to request a wide variety of inputs. The most prevalent two are labor and capital in perfect competitive industry.

    Marginal labor output in terms of revenue. The firm decides how much labor to demand by examining the marginal revenue product of labor after it is aware of the level of demand for its production. The additional revenue the business makes by hiring one more unit of labor is known as the marginal revenue product of labor (or any input). The marginal product of labor has an association with the marginal revenue product of work. The value of the marginal product of labor in a market with perfect competition is the firm's marginal revenue product of labor.

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6 0
1 year ago
involves reviewing the project charter, requirements documents, and organizational process assets to create a scope statement, a
Setler79 [48]

Answer:

The correct answer is c. Controlling scope.

Explanation:

The scope of control is the number of employees that a manager supervises. Companies work to determine the optimal number that managers can monitor while being effective on the job. The more employees a manager supervises, the broader their scope of control. Both a wide and narrow control range have clear advantages.

Managers don't spend all their time supervising employees. Ideally, they should spend most of their work hours doing non-managerial activities. The number of people that each manager can effectively supervise and at the same time complete their work in a timely manner depends on many factors. These include the job types of their subordinates, the type of product produced, the management style of the company, the personalities, and the size of the organization.

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3 years ago
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