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1 year 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]1 year 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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Which of the following statements is correct?(A) Normal profits will cause an industry to expand.(B) Economic profits and losses

notka56 [123]

Answer: The correct option in this case is (c). i.e. Economic profits induce firms to enter an industry and losses encourage firms to leave

Economic profits is the difference between total revenues and total costs excluding opportunity cost.

For a instance when a firm generates economy profits then in that scenario it will be profitable to continue and expand .

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2 years ago

A customer is upset because an advertised item has been sold out. how would you respond to the customer

jasenka [17]

If i was a worker at the lets say store I would say, "How about you give me your phone number and when its restalked or on sale again, I call you, ok?"

If I was a bystander I would walk away probably, or try to help in some way, if the customer was a kid I would probably just give it to them.

6 0

1 year ago

Devon had a starting balance of $54.00 in his savings passbook. He made these transactions: deposits of $54.87 and $86.35; withd

Zielflug [23.3K]

Answer:

$125.22

Explanation:

5 0

2 years ago

PortaCom manufactures notebook computers and related equipment. PortaCom's product design group developed a prototype for a new

Alchen [17]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Selling Price $284 per unit

Administrative Cost $500,000

Advertising Cost $700,000

(a) Units= 18,500

Direct labor= $50

Direct material= $88

Sales= 18,500*284= 5,254,000

Variable costs= (50 + 88)*18,500= (2,553,000)

Contribution margin= 2,701,000

Administrative Cost= (500,000)

Advertising Cost= (700,000)

Net operating income= 1,501,000

B)Units= 9,500

Direct labor= $51

Direct material= $101

Sales= 9,500*284= 2,698,000

Variable costs= (51 + 101)*9,500= (1,444,000)

Contribution margin= 1,254,000

Administrative Cost= (500,000)

Advertising Cost= (700,000)

Net operating income= 54,000

7 0

1 year ago

With respect to organizational changes, a health care organization that discovered weaknesses in the organization’s ability to c

Leni [432]

Answer:

The correct answer is "Process change "

Explanation:

Process Change or Process Change Management is implemented when you identify a mistake or a process that doesn´t function in a better way. That means that you need to consider to change or modify an existing process to improve them, and what should be the goals or objectives of the change.

7 0

1 year ago