Business, 01.02.2021 04:20 rosetoheart2

According to the principle of comparative advantage, a. countries should specialize in the production of goods that they enjoy consuming.
b. countries with a comparative advantage in the production of every good need not specialize.
C. countries should specialize in the production of goods for which they have a lower opportunity cost of production than their trading partners.
d. countries should specialize in the production of goods for which they use fewer resources in production than their trading partners.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 19:40

Which of the following is false regarding the links between jit and quality? a. jit increases the cost of obtaining good quality. b. as quality improves, fewer inventory buffers are needed; in turn, jit performs better. c. jit reduces the number of potential sources of error by shrinking queues and lead times. d. inventory hides bad quality; jit immediately exposes it. e. if consistent quality exists, jit allows firms to reduce all costs associated with inventory.

Answers: 3

Answer

Business, 22.06.2019 19:00

Which of the following would cause a shift to the right of the supply curve for gasoline? i. a large increase in the price of public transportation. ii. a large decrease in the price of automobiles. iii. a large reduction in the costs of producing gasoline

Answers: 1

Answer

Business, 22.06.2019 19:40

Aprimary advantage of organizing economic activity within firms is thea. ability to coordinate highly complex tasks to allow for specialized division of labor. b. low administrative costs because of reduced bureaucracy. c. eradication of the principal-agent problem. d. high-powered incentive to work as salaried employees for an existing firm.

Answers: 1

Answer

Business, 22.06.2019 19:50

Juan's investment portfolio was valued at $125,640 at the beginning of the year. during the year, juan received $603 in interest income and $298 in dividend income. juan also sold shares of stock and realized $1,459 in capital gains. juan's portfolio is valued at $142,608 at the end of the year. all income and realized gains were reinvested. no funds were contributed or withdrawn during the year. what is the amount of income juan must declare this year for income tax purposes?

Answers: 1

Answer

You know the right answer?

According to the principle of comparative advantage, a. countries should specialize in the producti...

Questions