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oee [108]
3 years ago
7

Using the chart, identify an example of absolute advantage for the United States over either Country A or Country B. Be sure to

identify the product and the country. Explain how the availability and use of a natural resource may impact advantage.
Business
1 answer:
bekas [8.4K]3 years ago
3 0

Answer:

Absolute advantage is the advantage that a country has when it can produce a particular good or service at a lower cost than other countries.

Explanation:

The United States, in particular, has absolute advantage in the production of oil. Currently, the U.S. is the largest oil producer in the world, with around 15 million barrels a day.

This advantage occurs because the United States has ample oil deposits, both conventional and non-conventional (non-conventional deposits are those that can only be exploited through fracking), and also because the U.S. has the technical capacity, both in terms of infrastructure and human capital, to exploit those oil deposits in a satisfactory manner, and more importantly, in a more efficient and cheaper way than most other countries in the world.

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In the circular flow of income and spending, financial institutions …
sweet-ann [11.9K]

Answer:

1] act as an intermediary between those who have surplus funds and those who have deficit funds.

Explanation:

4 0
3 years ago
Walt is evaluating an investment that will provide the following returns at the end of each of the following years: year 1, $12,
Sindrei [870]

Answer:

$38,771.44

To achieve at least the 8% rate Walt can pay until this amount.

Explanation:

The goal would be to calcualte the present value for each cashflow using the expected rate of 8%

\left[\begin{array}{ccc}-&Cash Flow&Discounted\\Year \: 1&12,500&11,574.0740740741\\Year \: 2&10,000&8,573.38820301783\\Year \: 3&7,500&5,953.74180765127\\Year \: 4&5,000&3,675.14926398227\\Year \: 5&2,500&1,701.45799258438\\Year \: 6&0&0\\Year \: 7&12,500&7,293.62994077667\\Total&50,000&38,771.4412820865\\\end{array}\right]

\frac{Principal}{(1 + rate)^{time} } = Present \: Value

<em><u>For example year 3</u></em>

7,500\div \: 1.08^3  = 5953.74180765127

Then we add each cashflow, to get the present value of the project.

To achieve at least the 8% rate Walt can pay until this amount.

5 0
3 years ago
The United States Navy purchases uniforms from a single supplier. For the last twenty-five years, the trousers purchased from th
SVETLANKA909090 [29]

Answer:

C. straight rebuy

Explanation:

Straight rebuy -

It is the method , when the customer purchases another identical goods in the  same amount with the same terms and condition , from the very same supplier , is known as straight rebuy .

Hence , from the question ,

The United States Navy buys uniform from the same supplier for the last 25 years .

Therefore ,

the information given in the question is about straight rebuy .

8 0
3 years ago
Answer the following questions about prepaid​ expenses:
pochemuha

Answer:

the numbers are missing, so I looked for a similar question:

a. On ​1, Tree Service prepaid $7,200 for six​ months' rent. Give the adjusting entry to record rent expense at Include the date of the entry and an explanation. Then post all amounts to the two accounts​ involved, and show their balances at adjusts the accounts only at ​31, the end of its fiscal year.

Dr Rent expense 1,200 (= $7,200 / 6)

    Cr Prepaid rent 1,200

Balances:

Prepaid rent 6,000

Rent expense 1,200

b. On ​1, Tree Service paid $1,050 for supplies. At ​31, has $400 of supplies on hand. Make the required journal entry at 31. Then post all amounts to the accounts and show their balances at 31. Assume no beginning balance in supplies.

Dr Supplies expense 650 (= $1,050 - $400)

    Cr Supplies 650

Balances:

Supplies 400

Supplies expense 650

c. On ​1, Tree Service prepaid for six​ months' rent. Give the adjusting entry to record rent expense at Include the date of the entry and an explanation. Then post all amounts to the two accounts​ involved, and show their balances at adjusts the accounts only at ​31, the end of its fiscal year. Prepare the adjusting journal entry to record the rent expense at 31.

SAME AS QUESTION A

6 0
4 years ago
Independent business owners who approach attorneys for resolving their business-related disputes are referred to as counsel.
Stels [109]

If the question is trying to ask whether it is true or false, the answer would be true because the statement is correct. People who approach attorneys into resolving their case could refer this as counsel because the counsel are those people of which people approach when having to ask to resolve their issues through the law in which it is related to the statement above.

4 0
4 years ago
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