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SSSSS [86.1K]
3 years ago
7

How does comparative advantage affect trade between countries

Business
1 answer:
Deffense [45]3 years ago
3 0

Answer:

Explanation:

Comparative advantage is an economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners.

The theory of comparative advantage introduces opportunity cost as a factor for analysis in choosing between different options for production.

Comparative advantage suggests that countries will engage in trade with one another, exporting the goods that they have a relative advantage in.

Absolute advantage refers to the uncontested superiority of a country to produce a particular good better.

Hope this helped!!

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All of the cells in the body need oxygen. Hemoglobin molecules in red blood cells transport oxygen through the bloodstream. Oxyg
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Answer:

D. the high partial pressure of oxygen in the lungs

Explanation:

  • As the cells of the human body are made of the Hemoglobin molecules that transport this red blood to the bloodstreams.
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Southern Markets recently paid an annual dividend of $2.62 on its common stock. This dividend increases at an average rate of 3.
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Answer:

Dividend yield = 9.67%

Explanation:

Dividend growth rate = Average rate of increase in dividend = 3,8%

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Dividend yield = Next annual dividend / Current share selling price = $2.71956 / $28.12 = 0.0967, or 9.67%

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3 years ago
A measurement that shows how the average price of a standard group of goods changes over time is referred to as the _____.
RoseWind [281]
The answer is consumers price 

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Assuming the absorption costing method is used, what is the total manufacturing costs per unit added to work in process during t
allochka39001 [22]

The total manufacturing costs per unit is known as Absorption cost per unit . To calculate Absorption cost we use following formula-

Absorption cost per unit = (Direct Material Costs + Direct Labor Costs + Variable Manufacturing Overhead Costs + Fixed Manufacturing Overhead Costs) / Number of units produced

Absorption costing is an accounting method designed to capture all of the costs that go into manufacturing a specific product. Absorption costing considers direct materials, direct labor, variable manufacturing overhead and fixed manufacturing overhead as product costs.

How to calculate absorption costing-

1. Develop cost pools-First, determine the costs associated with the production of a product and then assign them to different cost pools.

2. Determine usage for each cost-Next, go through every activity and figure out the amount each was used during production.

3. Calculate the costs-Lastly, calculate the allocation rate, which tells you the cost per unit. You can do this by following this formula:

Absorption cost per unit = (Direct Material Costs + Direct Labor Costs + Variable Manufacturing Overhead Costs + Fixed Manufacturing Overhead Costs) / Number of units produced    

To learn more about Absorption cost here

 brainly.com/question/23040788

#SPJ4  

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2 years ago
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