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2 years ago

According to the law of comparative advantage, what should be the distinguishing characteristics of the goods a nation imports?

Business

1 answer:

aliina [53]2 years ago

6 0

Answer:

The correct answer is option C.

Explanation:

The law of comparative advantage states that a country will produce and export the commodity it has a comparative advantage in producing.

In other words, if the country can produce good cheaply or at a lower opportunity cost.

The good that cannot be produced cheaply or has a higher opportunity cost will be imported from the country that produces it cheaply.

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There are four basic principles of finance. Which principle correctly describes the following statement: "A dollar today is w

Mekhanik [1.2K]

Answer:

Time value of money

Explanation:

The ability of money kept in a savings deposit to earn interest over time and the increase in the total interest in line with the length of time, brought us to a conclusion that an amount of money to be received now, that is in the present, is worth more than the same amount if received in the future.

The increase in the value of money as a result of interest earned on it, increases the value of money, this concept is what is referred to time value of money.

8 0

2 years ago

. As you start consuming potato chips, your marginal utility is very high, but it begins to fall slowly until you've eaten 10 ch

scoray [572]

Answer:

The correct answer is 10 chips.

Explanation:

A person is eating chips. Initially, the marginal utility is very high, but after 10 chips it starts declining. It declines till 49 chips and after that it becomes negative.

We see that the marginal utility derived from the consumption of chips start to decline after consuming 10 chips.

This implies that marginal utility is being maximized at the consumption of 10 chips.

So the utility-maximizing quantity of chips is 10 chips.

6 0

2 years ago

A(n) _____ is a business that is based primarily in a single country but acquires some meaningful share of its resources or reve

NeTakaya

Answer: International business

Explanation:

The international business is the term that is refers to the trade of the various types of products, technology and the services at international level.

The internal business encompasses all the activities as it is promoting the various types of ideas about the resources, products, revenue and the technologies across the international boundaries.

According to the given question, the international business is basically acquired the various types of resources from the other countries easily and more efficiently.

Therefore, International business is the correct answer.

3 0

2 years ago

A company had the following items and amounts in its unadjusted trial balance as of December 31 of the current year: (3 points)

Lostsunrise [7]

Answer:

Particulars Amount

Provision for uncollectible $6,080 ($76000*8%)

Less: Provision already made $1,000

Provision to be made $5,080

Date Particulars Debit Credit

31-Dec Bad Debts $5,080

To Allowance for Doubtful Accounts $5,080

(Being the adjusting entry to estimate bad debts)

4 0

2 years ago

Greg has developed an automobile engine that runs efficiently for up to three hours on a single russet potato. His friends have

natulia [17]

Answer:

Correct option is (a)

Explanation:

For any venture to be successful, it starts with a vision or idea. In this case, Greg is confident that he will be able to convince US Car manufacturers to purchase his fuel efficient car even though his friends were doubtful if his product will be accepted by car manufacturers.

He also had a clear vision as his goal was to make US economy energy efficient. Vision is to have a positive outlook regarding future.

It can be inferred that Greg has both vision and confidence

4 0

2 years ago

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