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In-s [12.5K]
2 years ago
9

A(n) _________ advantage is a monopoly that exists when a country is the only source of an item, the only producer of an item, o

r the most efficient producer of an item while a(n) ________ advantage is when a country specializes in products that it can supply more efficiently or at a lower cost than it can produce other items.
Business
1 answer:
andre [41]2 years ago
8 0

Answer:

1) an absolute advantage is a monopoly..........................

2) a comparative advantage is when a country ......................

Explanation:

Lets consider the USA and SAUDI ARABIA as a case study and the products has OIL and CORN:

Saudi arabia has more advantage in poducing oil because of the vast natural resource of oil, human work force and technology which they have in abundance than the USA which is an absolute advantage while the USA also have vast vegetative land which can also produce corn in abundance which is also an absolute andvantage to the USA.

while comparing both advantages saudi also has the land to produce corn but not as much as the USA does so they wont want to monopolise on it in other to exchange for corn with the USA at lower cost and vice versa.

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Suzanna decided not to pay federal income tax, saying that paying federal income tax is optional. Describe two possible conseque
Romashka [77]

Answer:

Not filing your return will cost you an additional 5 percent of your unpaid tax bill each month.

Not paying what you owe will add an extra 0.5 percent each month to your overall IRS debt.

If you did not file on time and did not pay any tax you owed, you are subject to both penalties. However, the IRS actually gives you a bit of a break. The maximum penalty that you’ll pay for both in any given month is 5 percent, rather than 5.5 percent.

If you don’t file or pay for five months, the failure-to-file penalty will max out at 25 percent of your unpaid taxes. But the 0.5 percent failure-to-pay penalty will continue to accrue, up to another 25 percent of what you owe, until the tax is paid.

Interest also is charged on the overdue amount

If your due a refund then the only way to get it is to file

Explanation:

7 0
2 years ago
Read 2 more answers
Suppose 30% of a club are above 25 years old (M), 50% are between 21 and 25 (W) and 20% are below 21 (L). If all are exposed to
valina [46]

Answer:

The probability that a person selected at random has virus and is aged between 21 and 25 is 0.58.

Explanation:

let A be the event that the selected person has a virus.

let B1, B2 and B3 be the events that the selected perosn is  M, W and L accordingly.

the probabilities are given by:

P(B1) = 0.3

P(B2) = 0.5

P(B3) = 0.2

P(A|B1) = 0.65

P(A|B2) = 0.82

P(A|B3) =  0.5

probability of having virus and aged between 21 and 25 is given by:

[P(B2)*P(A|B2)]/[P(B1)*P(A|B1) + P(B2)*P(A|B2) + P(B3)*P(A|B3)]

= [(0.5)*(0.82)]/[(0.3)*(0.65) + (0.5)*(0.82) + (0.2)*(0.5)]

= 0.58

Therefore, the probability that a person selected at random has virus and is aged between 21 and 25 is 0.58.

8 0
2 years ago
Jones borrowed $960 from the bank, issuing a 12.5%, 4-month promissory note. Assuming that the note is issued and paid in the sa
Anestetic [448]

Answer:

(A). A Debit to Notes Payable for $960

Explanation:

In case of a promissory note, there are three parties to it, namely,

  1. Maker i.e Jones here
  2. Payee, to whom money is to be paid i.e the bank here
  3. Holder i.e the one who currently holds the promissory note i.e the bank here

Upon issue of promissory note, in the books of the maker (Jones), the entry is,

Name Of The Bank A/C                    Dr. $960

      To Notes Payable A/C                              960

(Being a promissory note issued to bank against a payment of $960)

Upon maturity i.e date of payment, the entry would be,

Notes Payable A/C                           Dr.  $960

     To Cash/Bank A/C                                      960

(Being payment of promissory note honored)

Thus, the correct answer would be, (A) a debit to notes payable account for $960.

7 0
2 years ago
Bradley is watching an interesting TV program with a group of friends. During the commercial break, he is unable to concentrate
ELEN [110]

Answer:

b. disturbances known as noise.

Explanation:

In the scenario given the question,  Bradley can't focus on ads because his friends are discussing the TV program. Bradley is unable to focus on commercial breaks as others are constantly discussing something else.

Their friends act disturbingly or verbally, acting as a hindrance.

so that as scenario of the question,

The correct answer is b. disturbances known as noise.

4 0
2 years ago
When the supply of bubble gum increases while the demand for bubble gum decreases, the equilibrium ________ of bubble gum will d
Nadusha1986 [10]

Answer:

The correct answer is option b.

Explanation:

The equilibrium price and quantity of a product are determined through the interaction of demand and supply curves of the product.  

An increase in the supply will cause the supply curve to shift to the right. While a decrease in the demand will cause the demand curve to move to the left.  

This will cause the price of the product to decline. The change in the quantity, on the other hand, depends on the magnitude of change in the demand and supply.

4 0
2 years ago
Read 2 more answers
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