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2 years ago

How does specialization affect international trade

Business

1 answer:

frozen [14]2 years ago

3 0

Answer:

Countries become better at making the product they specialize in. Consumer benefits: Specialization means that the opportunity cost of production is lower, which means that globally more goods are produced and prices are lower. Consumers benefit from these lower prices and greater quantity of goods.

Explanation:

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An increase in income, holding prices constant, can be represented as A. a change in the slope of the budget line. B. a parall

Lisa [10]

Answer:

Option (B) is correct.

Explanation:

If there is an increase in the income of the consumer then as a result there is a parallel shift in the budget line. This increase in income will increase the real purchasing power of the consumers and hence, this would increase the quantity of two goods consumed in an equal proportion.

Other factors remains the same, an increase in the income level of the consumer will increase the consumption of both the goods because the prices of both the goods are constant.

5 0

3 years ago

Shiffon Electronics manufactures music players. Its costing system uses two cost categories, direct materials and conversion co

lys-0071 [83]

Answer:

1,100 units; 1,050 units

Explanation:

Calculation to determine the equivalent units for direct materials and conversion costs, respectively, for March

DIRECT MATERIALS CONVERSION COSTS L

Completed and transferred out

1,000 units 1,000 units

(300 units+800 units - 100 units)

Add Work in process, ending

100 units 50 units

(50% Complete*100 units=50 units)

Total equivalent units

1,100 units 1,050 units

Therefore the equivalent units for direct materials and conversion costs, respectively, for March will be 1,100 units; 1,050 units

4 0

2 years ago

Which of the following would not involve a capital-budgeting analysis?

JulijaS [17]

Answer:

The correct answer is B. The adoption of a new cost driver for overhead application.

Explanation:

This option is chosen because it is not directly related to organizational capital, or the production of goods or the provision of services. Otherwise it happens with options A and C, which does merit an analysis of the capital budget.

Option B is only taken into account in the analysis of the sales budget or production costs.

7 0

2 years ago

Rather than purchase new equipment, the marketing manager argues that the company's marketing strategy should be changed. Rather

Kitty [74]

Answer:

Break-even point (dollars)= $1,104,000

Explanation:

Giving the following information:

The company's new monthly fixed expenses would be $331,200.

Selling price= 24

Unitary variable cost= (772,800/46,000)= 16.8 per unit

With this information we can calculate the break-even point both in units and dollars:

Break-even point= fixed costs/ contribution margin

Break-even point= 331,200/ (24 - 16.8)= 46,000 units

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 331,200/ (7.2/24)= $1,104,000

5 0

3 years ago

Potential GDP of $12 trillion and if real GDP equaled potential GDP, the budget deficit would be $1 trillion.

Karo-lina-s [1.5K]

Answer:

D. deficit of $1 trillion; surplus of $4 trillion

Explanation:

If the economy reaches their potential at 12 trillion the government would run a deficit of 1 trilllon which means there is an structural deficit of 1 trillion

As currently there is a surplus of 3 trillion This mean the economy is in a cycle under which there is a surplus of 4 trillion

current budget - structural budget = cyclical

3 - (-1) = 3 + 1 = 4

8 0

3 years ago