assuming initial international price ratios are equal to domestic labor cost ratios in each country, would it make sense for portuguese traders to buy english cloth or wine
Answers
If initial international price ratios are equal to domestic labor cost ratios in each country, it would not make sense for Portuguese traders to buy English cloth or wine.
This is because, under these conditions, the price of English cloth and wine would be the same as the price of Portuguese cloth and wine, adjusted for the cost of labor.
As a result, there would be no comparative advantage in trading with England, and Portuguese traders would be better off producing and consuming domestically.
Comparative advantage is a key concept in international trade that explains why countries trade with each other. It is based on the idea that each country has a different opportunity cost of producing goods, which is determined by the relative cost of producing one good versus another.
When countries specialize in producing the goods they have a comparative advantage in and trade with each other, they can both benefit by consuming more of both goods.
However, if initial international price ratios are equal to domestic labor cost ratios, it means that both countries have the same opportunity cost of producing goods. In other words, the cost of producing cloth or wine in Portugal is the same as the cost of producing cloth or wine in England.
Therefore, there would be no comparative advantage in trading, and Portuguese traders would be better off producing and consuming domestically.
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Related Questions
What is a major function of the public sector
Answers
Answer:
Public sector provides many services such as; education, health and social care.
Frederick works in a local government for a certain city. One his primary responsibilities is to check whether the city’s contracts, bids, and tax reports meet certain specific guidelines. Which government career role does Frederick perform.
Answers
Answer: B - City administrator
Explanation: took the plato test
Employees who are paid a set annual wage regardless of the number of hours worked or the amount of work completed are paid on a(n) _____ basis
Answers
Answer:
Employees who are paid a set annual wage regardless of the number of hours worked or the amount of work completed are paid on a SALARY basis. Salary system of compensation is often based on qualifications, seniority, experience and the degree of difficulty of the job that the staff is executing.
1. What is Ford's stock symbol?
Answers
PRB is the symbol for Ford preferred stock.
What is a stock symbol?A stock symbol is a combination of letters or other symbols that is used to identify publicly traded securities on an exchange. When a corporation issues securities to the public market, it selects an available symbol for its shares; this symbol is frequently associated with the company name. There are many public corporations that trade on a global scale, and even more, tradable tickers are available to represent various kinds of shares.
In August 2021, there will be 7,754, 4,448, and 2,014 traded names on the NYSE, Nasdaq, and Shanghai Stock Exchange, the three largest stock exchanges by market capitalization. The stock markets utilize "Ticker Symbols," which are distinctive one- to five-letter codes, to uniquely identify companies. Historically, stock quotes were written on tickers, hence the name "ticker symbol."
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what does the word economy mean?
Answers
The state of a country or region in terms of the production and consumption of goods and services and the supply of money.
A process for producing the mosquito repellant Deet has an initial investment of $220,000 with annual costs of $54,000. Income is expected to be $90,000 per year. What is the payback period at i=0% per year? At i=12% per year? (Note: Round your answers to the nearest integer.) The payback period at i=0% is determined to be years. The payback period at i=12% is determined to be years.
Answers
A process for producing the mosquito repellant Deet has an initial investment of $220,000 with annual costs of $54,000. Income is expected to be $90,000 per year. Then the payback period at i=12% is determined to be 2 years.
Payback period is one of the simplest financial indicators to use. The time required to recover an investment is referred to as the payback period. The payback period is determined by the following equation:
Payback period = Initial Investment/Annual net cash inflow
Let us calculate the payback period of the mosquito repellent DEET
ProcessInvestment = $220,000
Annual Cost = $54,000
Income = $90,000 per year
Now, we will calculate the annual net cash inflow
Annual net cash inflow = Income - Annual Cost
Annual net cash inflow = $90,000 - $54,000 = $36,000
Payback period at i = 0% per year
We need to determine the number of years that would be needed to recover the initial investment, which is $220,000, using this formula:
Payback period = Initial Investment/Annual net cash inflow
Payback period = $220,000/$36,000 = 6.11 years ≈ 6 years (rounded to the nearest integer)
Therefore, the payback period at i=0% is determined to be 6 years. Payback period at i = 12% per year
Using the formula for the present value of annuity, we can calculate the annual cash inflow at i = 12%.
Annual cash inflow = A × (1 - (1 + i)-n)/iWhere,A = Annual net cash inflow = $36,000i = Discount rate = 12%n = Number of years = 6
Annual cash inflow = $36,000 × (1 - (1 + 0.12)-6)/0.12= $36,000 × 3.037= $109,332
Using the payback period formula, we can determine the payback period.Payback period = Initial Investment/Annual net cash inflow
Payback period = $220,000/$109,332 = 2.01 years ≈ 2 years (rounded to the nearest integer)
Therefore, the payback period at i=12% is determined to be 2 years.
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A decrease in the demand for soft drinks due to changes in consumer tastes, accompanied by an increase in the supply of soft drinks as a result of reductions in input prices, will result in.
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A decrease in soft drink demand due to shifts in consumer tastes, combined with an increase in soft drink supply due to lower input prices, will lead to a decrease in soft drink equilibrium price; the equilibrium quantity might very well increase or decrease.
The equilibrium price is the only price at which consumers' and producers' plans coincide—that is, the amount consumers desire to purchase of the good or service, quantity demanded, equals the number producers want to sell, quantity supplied. The equilibrium quantity is the name given to this common quantity. In any other cost, the quantity demanded doesn't really equal the quantity supplied, indicating that the market is not in equilibrium.
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A metered subscription model is most similar to which of the following revenue models?
A) transaction fee
B) freemium
C) advertising
D) affiliate
Answers
A metered subscription model is most similar to the transaction fee revenue model.
A metered subscription model charges customers based on the amount of product or service they use, typically measured by a usage metric such as the number of units consumed, the amount of time spent using the product, or the number of users. This model is commonly used in industries such as utilities, telecommunications, and software, where customers are charged based on their actual usage rather than a fixed fee.
The transaction fee revenue model also charges customers based on their usage, but in this case, the fee is tied to a specific transaction or action, such as a purchase or a transfer of funds. Examples of businesses that use this model include online marketplaces, payment processors, and financial institutions.
While the freemium, advertising, and affiliate revenue models all have their own unique characteristics, they are not as closely related to the metered subscription model as the transaction fee model. Freemium relies on a combination of free and paid features to generate revenue, while advertising generates revenue by displaying ads to users. Affiliate revenue is earned through commissions on sales made by referring customers to other businesses.
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When it comes to investing, what is the best approach to very optimistic and big news about a new company? (5 points)
a
Invest right away; trust the news.
Caution; research the company first.
O Invest a large amount through a financial advisor.
Contact the company to obtain information.
Answers
Answer:
caution research company first
Explanation:
safest option
According to Porter's 5 competitive forces used in industry analysis, rivalry among companies in the same industry tends to increase under which of the following conditions?
a.There are several companies of varying size, with only one or two dominant firms in the industry.
b.Entry barriers such as labor agreements prevent uncompetitive companies from exiting the industry.
c.Market share battles occur due to slow growth.
d.A large number of substitute products are available.
Answers
According to Porter's 5 competitive forces, rivalry among companies in the same industry tends to increase under the condition where market share battles occur due to slow growth.(C)
In this situation, companies within the industry compete aggressively to gain market share because the overall market is not growing significantly. This leads to increased competition as firms attempt to outperform each other through various means such as price cuts, promotions, and product innovations.
This heightened rivalry can have negative effects on profitability and may result in consolidation within the industry. Other factors, such as varying company sizes, entry barriers, and substitute products, can also influence the level of competition, but market share battles due to slow growth typically result in the most significant increase in rivalry.
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Firms choose how to produce the goods and services they sell. In manycases, firms face atrade-off betweenusing more workers or using more machines. For example,A.many times in the past severaldecades, firms may have chosen between a production method in theUnited States that uses fewer machines and more workers and a production method in China thatuses more machines and fewer workers.B.a local service station has to choose whether to provide car repair services using more diagnosticcomputers to support their auto mechanics and fewer tools to support their auto mechanics or moretools to support their auto mechanics and fewer diagnostic computers to support their auto mechanics.C.many times in the past severaldecades, firms may have chosen between a production method in theUnited States that uses fewer workers and more machines and a production method in China thatuses more workers and fewer machine D.movie studios have to choose whether to produce animated films using more highly skilled animatorsto draw them by hand or fewer highly skilled animators and morelow-skill animators.
Answers
The correct answer is many times in the past several decades, firms may have chosen between a production method in the United States that uses fewer machines and more workers and a production method in China that uses more machines and fewer workers.
This is an example of a trade-off between labor and capital. Using more machines and fewer workers can increase efficiency and productivity but can also lead to job displacement and unemployment. Conversely, using more workers and fewer machines can create more employment opportunities but may result in lower productivity and higher costs. Is an example of a trade-off between different types of capital investment, such as diagnostic computers and tools. The optimal choice depends on the specific needs of the service station and the expertise of the auto mechanics. is similar to A but with the opposite scenario, where firms have to choose between using more machines and fewer workers in the United States or using more workers and fewer machines in China.
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In 1931, President Herbert Hoover was paid a salary of $75,000. Government statistics show a consumer price index of 15.2 for 1931 and 237 for 2015. President Hoover’s 1931 salary was equivalent to a 2015 salary of about: a) $1,057,894. b) $16,080,001. c) $1,169,408. d) $4,965.
Answers
Answer: c) $1,169,408.
Explanation:
Given the following:
Consumer price index(CPI) :
Year 1 = 1931 = 15.2
Year 2 = 2015 = 237
Salary in 1931 = $75,000
Equivalent salary in 2015 Given the details above:
Salary in 1931 × (CPI for year 2(2015)/ CPI for year 1(1931))
$75,000 × ( 237 / 15.2)
= $75,000 × 15.592105
= $1,169,407.8
= $1,169,408
What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Answers
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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Find an article dealing with an opinion poll on a local, state ,or national issue. Write a paragraph summary of when and how the poll was conducted, and what the results indicated.
Answers
According to a CNN poll conducted in early February 2021, 69% of Americans approve of President Joe Biden's handling of the COVID-19 pandemic. The poll was conducted by SSRS, a research firm that specializes in survey research. The poll surveyed 1,004 adults across the United States and had a margin of error of plus or minus 3.7 percentage points. The poll also found that 60% of Americans believe that the worst of the pandemic is yet to come, despite the country's recent progress in vaccine distribution. Additionally, 93% of respondents said they have worn a mask in public in the past week, a sharp increase from similar polls conducted last year. The poll's results indicate that the majority of Americans are supportive of the current administration's efforts to combat the ongoing pandemic
Which statement is true for a short-term goal?
A.
It is usually complex.
B.
It usually requires one to exert a lot of effort.
C.
It is usually related to the bigger things that you want to achieve.
D.
It usually takes less than a year to achieve.
Answers
Answer:
I would say D because it sounds more reasonable for me
list two things the federal government spends your tax dollars on that you benefit from?
Answers
Answer:
Social Security and Medicare
Explanation:
Federal government spending pays for everything from Social Security and Medicare to military equipment, highway maintenance, education, and more. In 2022, the federal government spent the most on Social Security.
hope this helps
What are the 4 types of ownership?
Answers
1. Sole Proprietor: This type of business is owned and operated by one person and the owner is responsible for all liabilities and debts. This means that the owner is personally liable for any losses caused by the business.
2. Partnership: This type of business is jointly owned and operated by two or more people. Each partner is personally liable for the debts and obligations of the business, as well as his own share of the profits.
3. Corporation: This type of business is owned by shareholders who have limited liability for the debts and obligations of the business. The shareholders elect the board of directors, which oversees the operation of the company.
4. Limited Liability Company (LLC): This type of business allows for limited liability of the owners as well as deferred taxation. LLCs are often used for small businesses. LLC owners are called members and have the ability to manage the business or appoint a manager.
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Compare opportunities for funding for women entrepreneurs through the commercial banking system in Armenia with funding opportunities available to them through the Aregak program in the late 1990s
Answers
Although traditional commercial banks in Armenia have become more inclusive today, the Aregak program in the late 1990s provided crucial support to women entrepreneurs, inspiring and mentoring many successful business owners today.
In the late 1990s, funding opportunities for women entrepreneurs in Armenia were limited, and traditional commercial banks were often unwilling to provide loans to female entrepreneurs, as they were considered to be higher-risk borrowers. As a result, the Aregak program was established in 1997 by the United Nations Development Program (UNDP) to provide financial and technical support to women entrepreneurs in Armenia.
The Aregak program provided loans to female entrepreneurs at lower interest rates than those offered by commercial banks and also provided training and mentoring to help women build their businesses. The program was successful in providing women with access to funding and helping them to grow their businesses.
Today, the commercial banking system in Armenia has become more inclusive, and there are more opportunities for women entrepreneurs to access funding through traditional lending institutions. However, the legacy of the Aregak program lives on, as many women who benefited from the program have gone on to become successful business owners and continue to inspire and mentor other women entrepreneurs in Armenia.
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Suppose a perfectly competitive market is in equilibrium and supply of the product increases a. in the long-run some firms will exit the market. b. in the short-run some firms will have positive profit. c. in the short-run some firms will exit the market. d. in the long-run some firms will enter the market.
Answers
In a perfectly competitive market in equilibrium, if supply of product increases - c) some firms would have to exit the market in the short run.
When the supply of a product increases in a perfectly competitive market, the market price decreases. This means that some firms may have to exit the market as the price falls below their average total cost, which means they will not make enough profit to cover their production costs. These firms that exit the market may be unable to survive in the short-run due to low-profit margins. However, for the firms that remain in the market, they will experience a positive profit in the short run. As long as their revenue is higher than their total cost, they will remain in the market. In other words, if the market price is greater than the average variable cost, the firm will still be making some profit. However, in the long run, if the price remains low, the firms' profits will continue to decline, and they may exit the market. If the price stays low, then more firms will exit the market, and the supply will decrease. The decrease in supply will, in turn, cause an increase in the price until it returns to the equilibrium level.
Therefore, in the short-run, some firms may make a positive profit while some may exit the market due to low-profit margins. However, in the long-run, the firms that are unable to cover their production costs will exit the market. In contrast, some firms may enter the market if they are attracted by the high-profit margins. The entry and exit of firms continue until all firms remaining in the market have a zero economic profit, which is the long-run equilibrium of the perfectly competitive market.
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What kinds of work would you be doing in the Printing Technology Pathway?
Answers
Answer:
The printing technology pathway includes occupations involved in prepress, press and binding, or post-press processes. Workers might transform text and pictures for printing plates, or use digital technology for graphics, layout or printing.
Explanation:hope that this helps :)
What are the cash flows involved in the purchase of a 5-year zero coupon bond that has a par value of $1,000 if the current price is $800? Assume the market rate of interest is 5 percent.
Answers
The cash flows involved in the purchase of a 5-year zero coupon bond is: Pay $800 today and receive $1000 at the end of 5 years.
What is Cash flowsCash flows can simply be defined as the inflow and outflow of cash in an organization.
Given:
Par value=$1,000
Current price=$800
Market rate of interest=5%
If the market rate of interest is 5% the cash flow involved in the purchase will be to pay the amount of $800 today (Present value) and receive the amount of $1,000 (Future value) at the end of 5 years reason being that zero coupon bonds do not pay interest periodically.
Inconclusion the cash flows involved in the purchase of a 5-year zero coupon bond is: Pay $800 today and receive $1000 at the end of 5 years.
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Having just one error on a cover letter may Eliminate an application from being considered for employment true or false
Answers
Answer:
True
Explanation:
Cover letter need to be drafted very carefully. A good cover letter comprises of no typos error or mistakes such as incorrectly spelled name of the company, incorrectly mentioned dates, etc.
In case of any such errors, chances of rejection are high at the initial stage only.
Hence, it can be said that even a single error in the cover letter can Eliminate an application from being considered for employment
Thus, the given statement is true
There are no viruses that specifically target mobile phones or tablets?
Answers
Answer:
no not really in my opinion
Answer:
Yes, there ARE viruses that target mobile and tablet devices.
Explanation:
There's a virus that spams apps on your phone, crashing it.
This is basically a virus, since it harms the device.
Which of the following can explain part of the reason for the recent increased costs in the healthcare industry?
There has been an increase in the number of people using Medicare and Medicaid.
Incomes for families have decreased as a result of the most recent recession.
The demand for health care has become more elastic.
There are more providers of health care in the industry.
Answers
Among the following options, the one that can explain part of the reason for the recent increased costs in the healthcare industry is: There has been an increase in the number of people using Medicare and Medicaid.The healthcare industry is experiencing increased costs.
due to the increased usage of medical resources by a large number of people. According to recent data, the healthcare industry in the United States accounts for about 18% of the country's gross domestic product. This number is projected to rise as a result of demographic and epidemiological trends, as well as technological advancements.H
owever, some of the factors that are contributing to the increased costs in the healthcare industry are:There has been an increase in the number of people using Medicare and Medicaid (option A)Incomes for families have decreased as a result of the most recent recession. (option B)These factors, along with others, have contributed to an increase in healthcare costs over the last several years.
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Pls help will mark brainleist
Answers
Answer:
D Values
Explanation:
Even if your family can pay the full amount of attending college, filling out the Free Application for Federal Student Aid (FAFSA) is a good idea because:
A. your situation and interest rates might change.
B. you can better qualify for merit-based financial aid.
C. it shows how wealthy you are.
D. you are guaranteed to get some kind of aid.
Answers
Answer:
the correct and sure answer is D
You are guaranteed to get some kind of aid.
Thus, the correct option is D.
What is an aid?
The international transfer of money, products, or services from one nation to another or from an international organization to another nation or its people. Aid might be financial, military, or humanitarian in an urgent situation.
Aid for Trade aims to assist developing nations, particularly the least developed, in creating the infrastructure and trade capability necessary to take advantage of trade openness.
Aid is support provided from one nation to another. It includes resources including cash, tools, education, and loans. Foreign help can come from non-governmental organizations (NGOs) or from the government of one nation to the government of another.
Grants, scholarships, loans, and work study are the four fundamental categories of financial aid, and federal, state, institutional, and private are the four fundamental sources.
Foreign aid can be used to further the political objectives of a government, enabling it to garner respect for its participation in international institutions, achieve diplomatic recognition, or enhance the reach of its ambassadors abroad.
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thanks to donations from merchants in the community, an after-school club for disadvantaged children has introduced a new promotion: those who maintain a b average for the school year will each receive $100 in gift certificates from local businesses, such as an ice-cream parlor and a clothing store. this is an example of
Answers
This initiative can be seen as an example of Option A. incentivizing academic achievement.
By offering gift certificates to students who maintain a B average for the school year, the after-school club is creating a system of rewards to motivate and encourage the children to excel academically.
The donations from local businesses serve as a means to provide tangible incentives for the students, giving them a direct benefit for their hard work and dedication.
By linking academic success with the opportunity to receive gift certificates, the after-school club is reinforcing the value of education and emphasizing the importance of maintaining good grades.
This not only motivates the disadvantaged children to strive for better academic performance but also instills in them a sense of accomplishment and self-worth.
Moreover, this initiative also has a positive impact on the community as a whole.
By collaborating with local merchants, the after-school club is promoting community engagement.
The donations from these businesses demonstrate their commitment to supporting educational opportunities for disadvantaged children.
This partnership fosters a sense of unity and shared responsibility among community members, as they collectively work towards uplifting the underprivileged youth.
In conclusion, the promotion of providing $100 gift certificates to students who maintain a B average is an example of incentivizing academic achievement while simultaneously promoting community engagement.
By doing so, the after-school club aims to inspire and empower disadvantaged children while fostering a stronger and more supportive community.
Therefore, the correct Option is A.
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The probable question may be:
"Thanks to donations from merchants in the community, an after-school club for disadvantaged children has introduced a new promotion: those who maintain a B average for the school year will each receive $100 in gift certificates from local businesses. This is an example of (a) incentivizing academic achievement, (b) promoting community engagement, or (c) fostering entrepreneurial skills?"
Mathematics You are a delivery man ager at Blue Bag, a wholesale bakery. The bakery employs two drivers and owns two trucks. Each truck can deliver up to 175 crates of bread per day. The bakery has standing orders for 340 crates a day, but a new supermarket is opening up, and you expect orders to increase 225%. If you hire two more drivers, you can run two shifts. Will it be enough? Write a paragraph explaining how you found your answer.
Answers
So, if you hire two more drivers, you can run two shifts and so this will be enough.
Here, we take into account that each truck has a maximum capacity of 175 boxes of bread and that the bakery has 2 trucks. So, in order to find the maximum order capacity, multiply the number of boxes of bread by the number of trucks:
175 × 2 = 350
So, if you hire two more drivers, then you can run two shifts and so this will be enough in order to deliver the orders on time. As, after hiring there will be more people who can work to deliver.
Hence, after hiring two more drivers, you can run two shifts, which will be enough.
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Sean works at Rowen Corp., an environmentally conscious apparel manufacturing company. He primarily focuses on the tastes and needs of the firm's customers. He achieves this by managing a team that regularly interacts with customers through various promotional activities and events. He also provides insights on how to produce eco-friendly outfits through his specialized knowledge of cost-efficient manufacturing processes. This implies that Sean:_______.a) is an HR professional.
b) encourages centralized decision making.
c) is a knowledge worker.
d) encourages a narrow business focus.
e) belongs to the external labor market.
Answers
Answer:
c) is a knowledge worker
Explanation:
A knowledge worker is an individual who is skillful, experienced, educated and whose duty is to apply his or her thinking creativity on the job. According to Peter Drucker, a knowledge worker is someone who is innovative and creative in terms of developing new products and services and one who always find a better way of doing things.
The job of a knowledge work is very complex hence involves expertise on the subject field. A knowledge worker most often develop new ideas and strategies to meeting needs of people rather than focusing on manual and repetitive work. Example of knowledge workers includes but not limited to engineers, scientists, physicians, lawyers etc.
can someone help me with this please.
Answers
Answer:
sure
Explanation:
no image