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NeX [460]
2 years ago
10

When all trade is prohibited in good X, the equilibrium price in the home country is PX. After free trade is instituted, the dom

estic country begins to import good X from the rest of the world. As a result of free trade: Group of answer choices the domestic price of good X will fall. the domestic price of good X will rise. the domestic price of good X will exceed the price in foreign countries. the domestic price of good X will be less than the price in foreign countries. the domestic producers will gain surplus at the expense of domestic consumers.
Business
1 answer:
BabaBlast [244]2 years ago
5 0

Explanation:

Group of answer choices the domestic price of good x will fall

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Portland Sardines produced $14 million worth of cans of sardines. In producing these cans of sardines, it purchased $2 million d
Rudiy27

Answer:

$12 million

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

contribution to GDP = value of final good - value of intermediate good

14 = 2 = 12

7 0
2 years ago
Why is the profit motive considered an incentive in a market system?
dsp73
Inventive is to make more money because businesses can make more profit where money is expected.
Minimize costs and maximize revenues. .
7 0
3 years ago
In forward transactions A. currency is bought and sold for delivery later that same day. B. currencies may only be exchanged at
alina1380 [7]

Answer:

The correct answer is letter "C": currencies are exchanged at a set date in the future.

Explanation:

A Forward Contract is an arrangement to buy and sell an asset on a future date. The price of the commodity shall be determined at the time the contract is signed. A forward contract is similar to a forward contract with some major variations. Future contracts do not trade on an exchange and settle at the end of the contract period, while futures contracts do not.

4 0
3 years ago
Sailmaster makes high-performance sails for competitive windsurfers. Below is information about the inputs and outputs for one m
Llana [10]

Answer:

3.69

Explanation:

We know,

The productivity in sales revenue/labor expense = \frac{sales revenue}{labor expense}

Given,

Sales revenue = Units sold × Sale price per unit

Sales revenue = 1,217 units × $1,700

Sales revenue = $2,068,900

labor expense = Total labor hours × wage rate per hour

labor expense = 46,672 × $12

labor expense = $560,064

Putting the values into the formula, We can get,

The productivity in sales revenue/labor expense =  \frac{2,068,900}{560,064}

The productivity in sales revenue/labor expense = 3.69

5 0
3 years ago
Which of the following methods is a mathematical technique used for finding the best location for a single distribution point th
trapecia [35]

Answer:

A. ​center-of-gravity method

Explanation:

The mathematical technique that is being described in the question is called the center-of-gravity method. Like mentioned in the question this is an business technique that is used by businesses in order to find the best possible geographic coordinates for a single distribution point. This location is calculated by considering the Market's surrounding it, Volume of goods shipped, and Shipping Costs.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

3 0
2 years ago
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