Answer:
FRANCE has a comparative advantage in the production of cheese and SWEDEN has a comparative advantage in the production of oil.
- Comparative advantages result form the lowest opportunity costs. In this case, France's opportunity cos tot produce cheese is lower, while Sweden's opportunity cost of producing oil is lower.
France can gain from specialization and trade as long as it receives more than 3 BARRELS of oil for each pound of cheese it exports to Sweden. Similarly, Sweden can gain from trade as long as it receives more than 1/11 POUNDS of cheese for each barrel of oil it exports to France.
Based on your answer to the last question, which of the following terms of trade (that is, price of cheese in terms of oil) would allow both Sweden and France to gain from trade?
- a. 6 barrels of oil per pound of cheese
- c. 4 barrel of oil per pound of cheese
The three key approaches that are needed in entering international
markets include the following; direct investment, exporting and even joint
venturing. These are three key approaches that will complete the space provided
above as this is where the company decide on how a chosen market long dash may
enter.
No it is not.
To be categorized as 'scarce' a resource must be really hard to get and not all people could get it.
air exist in abundant amount and it's also free. So air definitely not a scarce resources.
hope this helps
Answer:
b. $210,000
Explanation:
The computation of the total income tax expense is shown below:
= Net income before tax × U.S tax rate
= $600,000 × 21%
= $210,000
As in the question, the net income before tax includes depreciation expense so we do not add it again. That's why we do not consider the depreciation expense in the computation part.
