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3 years ago

According to the theory of comparative advantage, consumers in all nations can consume more if there are

Business

1 answer:

Oksanka [162]3 years ago

8 0

Answer:

no restrictions on trade

Explanation:

Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.

The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.

In 1817, David Ricardo who is an english political economist talked about the law of comparative advantage in his book “On the Principles of Political Economy and Taxation." where he asserted that countries can become better off by specializing in what they do or produce best and eliminate trade barriers (restrictions).

This simply means that, any country applying the principle of comparative advantage, would enjoy an increase in output and consequently, a boost in their Gross Domestic Products (GDP).

Hence, according to the theory of comparative advantage, consumers in all nations can consume more if there are no restrictions on trade.

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Do some independent research on Nicholas Carr (the author of "IT Doesn’t Matter") and explain his current position on the abilit

pychu [463]

Answer:

I agree with Carr's position.

Explanation:

Nicholas Carr is a book author who conceived in america and he has distributed numerous books and articles on innovation, business, and culture.

Nicholas Carr composed an article called "IT Doesn't Matter" in Harvard Business school at 2003 and in the year 2004 he distributed book called "Does IT Make a difference"

So His thoughts irritated the data innovation industry for decages.

Nicholas Carr is a previous individual from the Encyclopedia Britannicas publication leading group of counsels.

Nicholas Carr was additionally in the directing leading group of the World Economic Forums distributed computing venture.

Nicholas Carr was an author in home at the University of California at Berkeleys news coverage school.

So Since 2005 he has composed the well known blog which got exceptionally famous.

Nicholas Carr was likewise previous official proofreader of the Harvard Business Review.

His present position is composing and giving a few methods in business and innovation.

I concur with the situation of Nicholas Carr why in light of the fact that with the assistance of his articles we would knowledge be able to better information on business, innovation and culture.

With the goal that we can improve our range of abilities and we can learn new things in various societies and advancements.

By help of his articles and books we can increase some view over various territory in business and new innovations.

So there are a lot of individuals who followed his articles and books and got numerous inputs to him with respect to the new articles and innovations.

Nicholas Carr utilizes crafted by Gary Small and enduring the mechanical change of the advanced psyche and the hypothetical bedrock of The Shallow and he likewise cast chilling forecasts about what's to come.

Nicholas Carr books overlooks the nature of the real book being perused and which is appears to accept that the thoughts in books are of inherently better quality.

Indeed, even every one of Nicholas Carr proclamations are seen to disentangle after a touch of pushing.

7 0

3 years ago

fatima is struggling in her job and is experiencing increased dissatisfaction. She related to you that her manager has been unfa

KonstantinChe [14]

<u>Answer:</u>

Fatima's statement that she intends to continue in her job in spite of her dissatisfaction makes you think that Fatima will likely experience "Cognitive Dissonance".

<u>Explanation:</u>

Cognitive dissonance is a psychological concept when an individual experiences non consistent thoughts and emotions (regardless of the environment). In this example, Fatima had been expected to quit her job (because she hated the manager).

In spite of that, she continued to work. That caused the cognitive dissonance in her behavior, as she changed her attitude. People correlate decisions and feelings many times, but due to some factors like patience, need of job etc, worked for an individual to be consistent and continue job.

4 0

3 years ago

The net income reported on the income statement for the current year was $240,000. Depreciation was $50,000. Accounts receivable

Ilya [14]

Answer:

a. $337,000

Explanation:

Calculation to determine How much cash was provided by operating activities

Using this formula

Cash provided by Operating activities=Net income+Depreciation+Account receivable+Inventories decreased -Prepaid expenses+Accounts payable increased

Let plug in the formula

Cash provided by Operating activities=$240,000 + $50,000 + $10,000 + $30,000 - $1,000 + $8,000

Cash provided by Operating activities=$337,000

Therefore the cash provided by operating activities was $337,000

3 0

3 years ago

Although Lenin wanted to establish, for the short term, a state-capitalist economic system in Russia, which resembled the succes

SashulF [63]

Answer:

war communism

Explanation:

The necessities of the civil war pushed the government to a more radical economic system known as war communism. This were the economic policies that were introduced in Russia in 1918 towards the end of the first World War by Vladimir Lenin which was the leader of Russia at that time. This Economic Policy was terminated in 1921 and was deemed as a failure.

4 0

3 years ago

Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

photoshop1234 [79]

Answer:

Unit product cost= $84

Explanation:

Giving the following information:

Units produced 8,700

Direct materials $13

Direct labor $55

Variable manufacturing overhead $1

Fixed manufacturing overhead $130,500

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

Unitary fixed overhead= 130,500/8,700= $15

Unit product cost= 13 + 55 + 1 + 15= $84

5 0

3 years ago