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3 years ago

A nation that has a comparative advantage in producing a good or service compared to

Business

1 answer:

NNADVOKAT [17]3 years ago

3 0

Answer:

Opportunity cost

Explanation:

A country is said to have a comparative advantage in producing a good, if it has a lower opportunity cost of producing that good in comparison to the other country. For instance if the opportunity cost of producing Wheat in U.S is 2. While that in China is 1. It shows that China has a comparative advantage in producing wheat as compared to the U.S.

So a nation that has a comparative advantage in producing a good or service compared to the other nation can produce that good or service with a lower opportunity cost.

Efficiency, Profit and Resource cost are not directly related to comparative advantage. Although efficiency can contribute towards lower opportunity cost but it is not a scale used for international trade.

Thus, lower opportunity cost is the best alternative.

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Which two situations require a direct strategy to deliver a negative message?

pantera1 [17]

Answer:

The relationship with the recipient might be affected.

The recipient is likely to become upset.

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3 years ago

Question Mode Fill in the Blank Question Fill in the blank question. The ABC Company had its highest level of production in May

Strike441 [17]

Answer:

Results are below.

Explanation:

<u>To calculate the fixed cost under the high-low method, we need to use the following formulas:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (110,000 - 87,500) / (4,000 - 2,500)

Variable cost per unit= $15

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 110,000 - (15*4,000)

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Fixed costs= LAC - (Variable cost per unit* LAU)

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3 years ago

Do entities report revenues, expenses, gains, and losses in net income or other comprehensive income? Explain.

I am Lyosha [343]

Answer:

Revenue Expenses in net income

Gain / losses in Other comprehensive income

Explanation:

Revenue and Expenses of an entity is reported in the net income section of income statement. the second section of income statement deals with unrealized gains / losses and any gain or losses from discontinuing operations as well. Net income also added to the other comprehensive income to calculate total net income or total comprehensive income.

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3 years ago

Chris would like to conduct a study on the effectiveness of a new substance-abuse treatment program. He has a sample of particip

Agata [3.3K]

Answer:

The correct answer is letter "A": nonequivalent group.

Explanation:

While conducting studies, nonequivalent groups are those where the target audience is not selected randomly. Instead, the participants are chosen generating another group represented by all those individuals who match the research criteria but, because of a reason, were not selected.

<em>There are different types of nonequivalent groups such as posttest only nonequivalent groups or pretest-posttest nonequivalent groups, for instance.</em>

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3 years ago

Adventure Travel signed a 14%, 10-year note for $151,000. The company paid an installment of $2100 for the first month. After th

pychu [463]

Answer:

$147,138.34

Explanation:

Interest Expense for 1 month = $151,000 * 14% * (1/12)

Interest Expense for 1 month = $151,000 * 0.14 * 0.083333

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Interest Expense for 1 month = $1,761.66

Principal amount = Total payment + Interest Expense for 1 month

Principal amount = $2,100 + $1,761.66

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Principal balance = $147,138.34

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3 years ago