Answer:
d. Thailand should export rice and import cell phones
Explanation:
Analyzing the question, it is correct to say that Thailand should export rice and import cell phones.
To understand why this statement is correct, we need to understand the concept of comparative advantage and absolute advantage.
The comparative advantage occurs when a country has great efficiency in producing a certain good, that is, the production is specialized and therefore advantageous in relation to another country. So it is correct to say that Thailand, having a comparative advantage in rice, should export rice to achieve greater economic advantage.
The absolute advantage, on the other hand, corresponds to the production of a good with lower costs than another country, but Thailand should import cell phones because Indonesia has a comparative advantage in cell phones, which makes it more competitive than Thailand in this segment.
The most important factor in the
work process or industry is to retain the interest of the employee. And to
retain them, their salary or profit must be adjusted to the best value. Unless
the employee does not do his job properly, employees must receive bonuses or
benefits to ensure them to stay in the company. It will actually make them stay
longer, make them feel important and reduce costs for hiring new employees.
Answer:
c) Broker Factor.
Explanation:
A broker factor is an agent that sells goods that are from someone else for a comission and this person takes possession of the products that is selling. Also, a broker factor can make a sell in his/her name and has authorization to receive the money from the sale. Because of this, Mike's relationship with K&M is that of a broker factor.
Answer:
Option D The role of technological innovation and entrepreneurs as central to economic growth.
Explanation:
The reason is that these generate value of the country's product due to its uniqueness and preferable services provision which means that the exports of the product will grow and the domestic sales will also grow if the product is innovative. Innovations brings the demand because nowadays the fight is not on the borders the fight among countries is generating heavy amount of reserves through increase in exports. And this growth in economy is only possible if the country's products are produced efficiently on the international market which is only possible if the innovation has decreased the cost of producing the products or the products produced are efficient.
