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Ray Of Light [21]
2 years ago
15

What factors contribute to the comparative advantages of countries?

Business
2 answers:
8_murik_8 [283]2 years ago
7 0

Answer:

The existence of a comparative advantages is in turn, affected by the things such as abundance, productivity, cost of Labour, land and capital.

Explanation:

Other face also might influence a country's comparative advantage in political terms such as; highly developed financial system or economies of scale.

Westkost [7]2 years ago
3 0

Answer:

International trade is the exchange of capital, goods, and services across international borders or territories.

Each nation should produce goods for which its domestic opportunity costs are lower than the domestic opportunity costs of other nations and exchange those goods for products that have higher domestic opportunity costs compared to other nations.

Benefits of trade include lower prices and better products for consumers, improved political ties among nations, and efficiency gains for domestic producers.

International trade is the exchange of capital, goods, and services across international borders or territories. Trading-partners reap mutual gains when each nation specializes in goods for which it holds a comparative advantage and then engages in trade for other products. In other words, each nation should produce goods for which its domestic opportunity costs are lower than the domestic opportunity costs of other nations and exchange those goods for products that have higher domestic opportunity costs compared to other nations.

Explanation:

In economics, the production possibility frontier (PPF) is a graph that shows the combinations of two commodities that could be produced using the same total amount of the factors of production. It shows the maximum possible production level of one commodity for any production level of another, given the existing levels of the factors of production and the state of technology.

PPFs are normally drawn as extending outward around the origin, but can also be represented as a straight line. An economy that is operating on the PPF is productively efficient, meaning that it would be impossible to produce more of one good without decreasing the production of the other good. For example, if an economy that produces only guns and butter is operating on the PPF, the production of guns would need to be sacrificed in order to produce more butter. If production is efficient, the economy can choose between combinations (i.e., points) on the PPF: B if guns are of interest, C if more butter is needed, or D if an equal mix of butter and guns is required.

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Holding all other things constant, if ramen noodles are an inferior good to Vanessa, then as her income increases, her demand cu
marishachu [46]

Answer:

:A) will shift left.

Explanation:

An inferior good is a good whose demand falls when income increases and demand increases when income decreases.

As Vanessas income increases, her demand for ramen noodles would fall. This would lead to a decrease in demand for ramen noodles and her demand curve would shift to the left.

I hope my answer helps you

6 0
3 years ago
Part 1 Household consumption, which accounts for about _______% of the economy, grew at a 4.2% annualized rate during the second
kykrilka [37]

Answer:

1) Household consumption, which accounts for about <u>68%*</u> of the economy, grew at a 4.2% annualized rate during the second quarter of 2016.

*Data obtained from federal government sources.

2) Since household/consumer spending (consumption) represents almost 70% of the nation's GDP, any change will cause a major change in the total GDP. E.g. if consumption increases by 5%, then the whole economy will grow by 5% x 68% = 3.4%.

3 0
3 years ago
Prepare a statement of cash flows
notsponge [240]

Answer:

Required 1

1. operating activities (OA) and investing activities (IA)

2. financing activities (FA)

3. financing activities (FA), operating activities (OA) and investing activities (IA)

4. financing activities (FA)

5. operating activities (OA)

6. financing activities (FA)

Required 2

<u>All-Star Automotive Company</u>

<u>Statement of cash flows for the year ended 2013</u>

Cash Flow from Operating Activities

Service Revenue                                                $25,000

Salary Expense Paid                                         - $14,000

Utilities Expenses                                               - $2,800

Net Cash from Operating Activities                    $8,200

Cash Flow from Investing Activities

Land Purchase                                                   - $6,000

Proceeds from Sale of Land                               $9,000

Net Cash from Investing Activities                      $3,000

Cash Flow from Financing Activities

Issue of Common Stock                                    $50,000

Loan Payable Acquired                                       $5,000

Repayment of Loan                                           - $2,000

Dividends Paid                                                   - $5,000

Net Cash from Financing  Activities                 $48,000

Movement during the year                                $59,200

Cash and Cash Equivalents at the Beginning    $9,000

Cash and Cash Equivalents at the End            $68,200

Explanation:

Cash Flow from Operating Activities

This section shows the cash derived from daily operating activities of the business .

Cash Flow from Investing Activities

This section shows the cash derived from acquisition or sale of tangible and intangible assets of a long term.

Cash Flow from Financing Activities

This section shows the cash derived from the sources of finance and the repayments thereoff.

5 0
3 years ago
Sadler Corporation purchased equipment to be used in manufacturing. The purchase was made at the beginning of 2015 by paying cas
beks73 [17]

Answer:

a) Debit Depreciation expense  $14,000

   Credit Accumulated depreciation  $14,000

Being entries to record depreciation expense for 2016

b) Debit Depreciation expense  $26,666.67

   Credit Accumulated depreciation  $26,666.67

Being entries to record depreciation expense for 2017

The effect of a change in estimate is a reduction of the annual depreciation from $14,000 to $26,666.67 (increase of $12,666.67) annually

Explanation:

Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of that asset.

It is determined as the depreciable value of the asset over the estimated useful life of the asset where the depreciable value is the difference between the cost and salvage value of the asset

Mathematically,  

Depreciation = (Cost - Salvage value)/Estimated useful life

Annual depreciation

= (150,000 - 10,000)/10

= $14,000

At the beginning of 2017,

Net book value of asset

= $150,000 - 2($14,000)

= $124,000

If  Sadler concluded that the total useful life of the equipment will be 8 years rather than 10, and that the residual value will be zero.

Depreciation expense for 2017

= $124,000/6

= $26,666.67

5 0
3 years ago
Title to a certain real property is being held in a trust as collateral for a loan. What kind of deed will the trustee use to co
Shkiper50 [21]

Answer: Reconveyance deed

Explanation: A Reconveyance deed is used to indicate that a borrower has paid his loan or debt in full. A Reconveyance deed is issued by the trustee or lender to signal the transfer of title to the original owner after he or she must have satisfied the term of loan issued by the trustee. A Reconveyance deed is usually notarized containing a legal description of the property and its parcel number.

4 0
2 years ago
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