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Ierofanga [76]
3 years ago
8

What are the benefits associated with free trade and globalization?

Business
1 answer:
Drupady [299]3 years ago
7 0

Answer:

It drives economic growth, enhanced efficiency, increased innovation, and the greater fairness that accompanies a rules-based system.

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The Wood Valley Dairy makes cheese to supply to stores in its area. The dairy can make 454 pounds of cheese per day (355 days pe
timurjin [86]

Answer:

$245,277

Explanation:

The dairy makes 454 pounds per day of which only 62 pounds is sold, thus the extra pounds of cheese per day are (454-62) = 392.

Now, the dairy operated 355 days a year, hence the annual cost of storage is,

(355 * 392) * $1.01 => $140,552.

Now the setup cost is $295 a day, so the annual would be,

(295 * 355) => $104,725.

Hence the minimum total annual costs will be = 140552+104725 = $245,277.

Hope I made myself clear.

Thanks

8 0
3 years ago
Why do economists study the money supply? Be sure to mention liquidity in your response.
irina1246 [14]
<span>Economists measure the money supply because it's directly connected to the activity of taking place all around us in the economy world.the M1 is the narrowest definition of money. M1 consists of coins and currency, checking accounts and traveler's checks.</span>
8 0
3 years ago
Read 2 more answers
The ________ outlawed the paying of bribes to foreign government officials to gain business. Group of answer choices Convention
nekit [7.7K]

Answer:

Hello There!!

Explanation:

I think the answer is The Foreign Corrupt Practices Act.

hope this helps,have a great day!!

~Pinky~

5 0
3 years ago
Read 2 more answers
A television commercial advertises that a certain type of battery will last, on the average, 20 hours longer than twice the life
vladimir2022 [97]
352.5 Hours to be exact

4 0
3 years ago
The seven criteria for describing a nation’s economy introduced can be combined in a number of different ways. For example, th
Bond [772]

Answer:

A. BRICS is an acronym for for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa.

For this study, i,ll work with China.

China:

  • Type of economy: advanced industrial
  • Type of government: Unitary one-party socialist republic
  • Trade and capital flow: incomplete free trade and part of a trading bloc
  • The commanding heights: mix of state and private ownership
  • Services provided through state and funded through taxes: Transportation, education, pension, but not healthcare.
  • Institution: Non-transparency, highly corruption until recent death penalty for corruption, no protection of human right, no political freedom or freedom, a strong court.
  • Markets: mixed market system characterized by high-risk/high-reward entrepreneurial dynamism

B. China's profile promises a good marketing opportunity so long as one goes in line with the nation's strict laws and business codes.

5 0
3 years ago
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