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2 years ago

Countries participate in foreign trade because?

1 answer:

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Countries participate in foreign trade because it does not have the comparative advantage in the production of all goods.

<h3>What is comparative advantage?</h3>

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries. For example, some countries do not have crude oil, so it would have to import from countries that produce crude oil. It would be more efficient for these countries to import crude oil.

To learn more about comparative advantage, please check: brainly.com/question/10606157

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What was the famous home Thomas Jefferson built called?

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<span>Monticello - </span><span>931 Thomas Jefferson Pkwy, Charlottesville, VA 22902</span>
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3 years ago

What are 3 disadvantages of going to trade/vocational schools after high school?

Strike441 [17]

Answer:

1 they take a lot of time

2 when you come back, you don't want to do the homework

3 you are tired

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3 years ago

A manufacturing company hit by a slump in demand is experiencing a labor surplus. The company expects the market to improve in s

Ahat [919]

Answer:

C. Reduced work hours

Explanation:

Demotions is the act of reducing the rank/position of an employee from a higher position to a lower position. This is mostly taken as a corrective measure or a punishment to an employee. This doesn't spread the burden more fairly.

Outsourcing is the process whereby a company gives out some or most of it task to an outside company to do. This mostly occur if the company lack the required expertise for the job or is highly occupied with many tasks. This doesn't spread the burden more fairly.

Reduced work hours is the correct option. It reduces the working time for employee and gives each employee a chance to share the work burden fairly.

Overtime is the period an employee works after the scheduled regular working time. This doesn't share the burden fairly as the rewards for overtime is what makes most employee do overtime.

Employing temporary workers is not the correct option. A company employ temporary workers if it has lots of works undone and it present employee capacity cannot meet to demand.

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3 years ago

Which of the following is a valid criticism of the use of money as a store of value in modern economies?a. annual inflationary l

Serga [27]

Annual inflationary loss of buying power is a valid criticism of the use of money as a store of value in modern economies.

Explanation:

As a result of a highly inflationary reduction in the buying ability of an economy, significant negative economic impacts emerge, particularly rising costs of consumer goods and services, with high-interest rates impacting global markets and lower ratings.

The buying power is the buyer's dollar value of credit to purchase additional stocks and bonds on the retirement account against the already marginal securities. Capacity can also be recognised as the purchasing power of the dollar.

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3 years ago

Prepare journal entries to record the following transactions for the village of Radnor. Classify the expenditures as Parks suppl

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Answer:

A. Dr Encumbrances $14,000

Cr Budgetary fund balance $14,000

B. Dr Budgetary fund balance $8,000

Cr Reserved for encumbrances Encumbrances $8,000

Dr Expenditures – Park supplies $8,300

Cr Voucher payable $8,300

C. Dr Budgetary fund balancereserved for encumbrance $6,000

Cr Encumbrances $6,000

Dr Expenditures – Parks supplies $5,800

Cr Vouchers – payable $5,800

D. Dr Voucher payable $8,300

Cr Cash $8,300

Explanation:

Preparation of Journal entries

A. Dr Encumbrances $14,000

Cr Budgetary fund balance $14,000

($8,000+$6,000)

B. Dr Budgetary fund balance $8,000

Cr Reserved for encumbrances Encumbrances $8,000

Dr Expenditures – Park supplies $8,300

Cr Voucher payable $8,300

C. Dr Budgetary fund balancereserved for encumbrance $6,000

Cr Encumbrances $6,000

($14,000-$8,000)

Dr Expenditures – Parks supplies $5,800

Cr Vouchers – payable $5,800

D. Dr Voucher payable $8,300

Cr Cash $8,300

3 0

3 years ago