Trade:________
a. allows specialization, which increases costs.
b. reduces specialization, which reduces costs.
c. allows specialization, which reduces costs.
d. reduces specialization, which increases costs.
Answers
The correct option is C.
Trade allows specialization, which reduces costs.
We often hear about how trade makes us all better off because of the specialization that it creates. A country will concentrate on producing goods and services in which it has a comparative advantage, allowing it to gain a greater level of consumption than it would if it produced all goods and services at home.
A country can specialize in certain goods through trade. Doing so typically increases the cost of these goods because, since they are being produced by just one country, they can't be made cheaply and quickly.
However, this increased price lowers the prices for other goods that come from outside countries. It's a win-win situation! Increased costs for some products allow for lower prices for others; people have more choices when it comes to where their products come from.
They can also get more specialized items from only one country if they choose not to import them: They would be less likely to have any trouble with delivery and quality control.
Specialization is allowed by trade, which reduces costs. But When countries stop trading with each other, they start producing all of their own goods.
That means every single product must be manufactured at home. The process takes longer and makes everything more expensive--even though there is no extra shipping involved. The result? Even worse economic problems than before!
To learn more about Trade refer:
brainly.com/question/27622280
#SPJ4
Related Questions
All the payroll information needed to prepare payroll and tax reports is found on?
Answers
All the payroll information needed to prepare payroll and tax reports can be found on payroll reports, employee records, and tax forms. This information includes details such as employee name, address, social security number, wage rates, gross and net pay, tax withholding amounts, and benefit deductions.
What is payroll?Payroll is a list of a company's workers and the amount of money they are owed. It's the process of paying workers for the work they've done.
It involves determining employee salaries, withholding taxes and other deductions, printing and distributing payslips, depositing salary directly into workers' accounts, and submitting payroll taxes to the government.Payroll records are critical because they provide information that businesses need to produce financial records.
Companies must maintain accurate payroll records to ensure that their employees are paid properly and that the appropriate deductions are made for taxes and other purposes. Failure to maintain accurate records can result in substantial financial penalties and other legal consequences.
Learn more about payroll at
https://brainly.com/question/9497135
#SPJ11
Insurance can help with ???
Answers
Answer:
B. In an emergency
Explanation:
Insurance is purchased to protect things that you own
What time does ClassID 24, Intense Cycle, begin?a. 2 pmb. 1 pmc. 12 pmd. 10 am
Answers
It is clear that the Class Id 24 of Intense Cycle time does not start at 2 pm.
The age and model of your dishwasher are important factors in how long a typical cycle takes. It is typical for a cycle to last two hours or longer.
Modern dishwashers typically run for longer than older ones do during their standard cycles. This is due to the energy-efficient design of contemporary machinery. Longer cycles tend to use water and energy more effectively, despite the fact that this may seem counterintuitive.
What could possibly be better than a machine that does our dishwashing? The dishwasher gives us shiny clean cutlery and sparkling plates at the touch of a button, eliminating the need for us to scrub using our own strength
To know more about product cycle here
https://brainly.com/question/29406682
#SPJ4
What time does ClassID 24, Intense Cycle, begin?
a. 2 pm
b. 1 pm
c. 12 pm
d. 10 am
4. individual problems 9-4 relative to managers in more industries, managers in more industries are more likely to spend their time on pricing strategies rather than on reducing costs.
Answers
Managers in more industries are more likely to spend their time on pricing strategies rather than on reducing costs.
Managers in diverse industries often face varying challenges and priorities in their day-to-day operations. While cost reduction is a crucial aspect of managerial decision-making in all industries, the emphasis on pricing strategies tends to be more prominent in industries with a higher level of competition or greater variability in customer preferences.
In industries with intense competition, managers must focus on setting competitive prices to attract customers and capture market share.
On the other hand, cost reduction initiatives are more universal across industries, as managers strive to improve efficiency, eliminate waste, and optimize resource allocation.
While both pricing strategies and cost reduction are essential for sustainable business operations, the relative emphasis on each may vary depending on the industry's characteristics, market dynamics, and competitive landscape.
To learn more about pricing strategies
https://brainly.com/question/20927491
#SPJ11
When the production function gets flatter as the quantity of labor increases, we know
a. the marginal product of labor is rising
b. that marginal product of labor is falling
c. nothing about the marginal product of labor
d. that marginal product of labor its zero
Answers
When the production function gets flatter as the quantity of labor increases, we know that marginal product of labor is falling. The correct answer is b.
The flatter the production function becomes as the quantity of labor increases, it indicates that the marginal product of labor is falling. The marginal product of labor refers to the additional output or production generated by adding one more unit of labor while keeping other inputs constant.
When the production function becomes flatter, it means that each additional unit of labor contributes less and less to the total output, indicating a declining marginal productivity. This indicates that the marginal product of labor is falling as more labor is added.
To know more about marginal product:
https://brainly.com/question/31050533
#SPJ4
What are the 5 characteristics of a free market economy?
Answers
5 characteristics of a free market economy private property rights, Voluntary exchange, Competition, Profit motive, and Limited government intervention.
A free market economy is characterized by the following five characteristics:
Private property rights: individuals and businesses have the right to own and control property, including the means of production.
Voluntary exchange: transactions between buyers and sellers are voluntary, and prices are determined by supply and demand.
Competition: there are multiple buyers and sellers in the market, which helps to keep prices low and quality high.
Profit motive: businesses aim to make a profit, which serves as an incentive to innovate and improve products and services.
Limited government intervention: the government's role is limited to protecting property rights and enforcing contracts, rather than controlling or directing economic activity.
A free market economy is a system in which the government plays a minimal role in the economy and allows private individuals to make economic decisions based on their own self-interest. This economic system is based on the principles of voluntary exchange and private property rights, and is characterized by competition, profit motive and limited government intervention.
To know more about Free market economy click here:
https://brainly.com/question/30281184#
#SPJ11
After a presentation is created, there is nothing left to do.
True
False
Answers
Answer:
false
Explanation:
if the invoice is incorrect, recalculate
20 dresses at $15 each 350.00
Less 10% trade discount 12.00
Add tax at 18% 41.04
Total 360.67
Terms 30 days net
Answers
Answer: $318.60
Explanation:
20 dresses at $15 each will cost:
= 20 × $15 = $300.00
Less: 10% trade discount = 10% × $300 = $30.00
Add tax at 18%: = 18% × ($300 - $30) = 18% × $270 = $48.60
Total = $270 + $48.60 = $318.60
Allen Furniture Company is considering offering an inexpensive line of college dorm and apartment furnishings. If they move forward, they will renovate part of their store to accommodate this new stock. Before spending the money to redesign the store, they first want to find out customer interest. In a short response of approximately 100 words, describe some of the steps they should take as they consider this project.
Answers
Answer:
Allen Furniture Company should look into conducting a survey to gauge customer interest to find what they look for, need, and find attractive. They could do so by going to college campuses and conducting random interviews. For their apartment furnishings, they could look online to see what kind of product sell and do an analysis of customer interest that way and they could also conduct a survey for people that live in apartments. They could also look into a consultant that specializes in the field and is experienced with what customers like or want.
Task 2: Organizational Structures and Managerial Skills
In this activity, you will understand the role of organizational hierarchy and management skills by completing the following tasks:
Conduct online research and explore common organizational structures in any industry of your choice.
Discuss the different qualities and skills that managers working in such an industry should possess.
Answers
Answer:
Sample Answer
Explanation:
Common organizational structures in the magazine industry consist of a chief and managers in charge of different departments. For example, in the editorial department, there is an Editor-in-Chief who is charge of the Managing Editor, Executive Editor, and the Creative Director. Each editor or director has a department they are in charge and have to keep in check. The Managing Editor may put a Copy Chief in charge, but that doesn’t take away the authority of the Managing Editor. Different qualities and skills that managers working in the magazine industry should possess are innovation, excellent writing skills, good research skills, strong interpersonal skills, IT skills, and familiarity with commonly used software, such as HTML, Photoshop, Java, QuarkXPress and InDesign
The hospitality industry typically employs various organizational structures including functional, divisional, and matrix structures.
What are the common organizational structures in the hospitality industry?In functional structures, departments are divided based on specific functions like marketing, operations, and finance. Divisional structures organize the company into distinct units based on products or geographical regions but matrix structures combine functional and divisional structures to foster collaboration across different departments.
Managers in the hospitality industry should possess a diverse range of qualities and skills to succeed in this fast-paced and customer-centric sector. A strong leadership skills are essential to motivate and guide their teams effectively and exceptional communication skills enable managers to liaise with staff, guests, and stakeholders proficiently.
Read more about Organizational Structures
brainly.com/question/23967424
#SPJ3
Define careere pleaseeeeeeeeee
Answers
Answer:
a profession or occupation chosen by one's life work.
Having or following a career as specific career diplomat.
Explanation:
Hope this helps.. ;)
FYI I did research and I didn't copied and pasted..
Answer: an occupation undertaken for a significant period of a person's life and with opportunities for progress.
Like a police officer, fire fighter, cashier, fast food worker, teacher, principle, Etc....
Hope this helps... Stay safe and have a great Thanksgiving!!! :D
The movement of parts from one area of the factory to another is considered a value-added activity whereas the storage of raw materials is considered a non-value activity.
Answers
Answer:
TRUE
Explanation:
Value can be defined as the thing for which an customer is willing to pay the price. It is the activity on any shop floor or business for delivering the product or service to the customer for which the customer is ready to pay the price for it.
If the customers does not wish to pay the price, then there is no value.
So inside a factory, in a shop floor, moving a part from one place to another for making a product that the customer is willing to pay is a value added activity. But excess movement or transportation of product does not any value to it, it is then considered as a waste.
Also storing of products is a non value activity as storing a product will not help the customer in any way and a customer will not pay for a product when it is stored and is of no use to the customer.
By making small purchases and paying the ______________ amount each month, a potential borrower shows a lender how they use credit wisely.
entire
minimum payment
late fee
interest
Answers
Answer:
entire
Explanation:
Lenders will always check a borrower's credit history before advancing credit to them. The lenders' main interest is to assess the risk involved in extending credit to a customer. A borrower with a history of late payments and defaulting on loans is considered high- risk and unsuitable for credit facilities.
Lenders prefer clients who are quick in debt repayments. They consider them a low-risk customer and highly unlikely to default on loans. Such customers will always have a low debt-to-income ratio.
Drag each tile to the correct location. Match each scenario to the appropriate form of business communication. Arty wants to talk with a coworker about providing support for another coworker. Samir wants to share an editing checklist he created with his team. Elena wants to quickly ask her team leader a question about a task she's working on. Rosanna needs to talk to an employee about his poor performance.
Answers
Answer:
digital messaging:
Samir wants to share an editing checklist he created with his team.Elena wants to quickly ask her team leader a question about a task she’s working on.face-to-face or phone calls
Rosanna needs to talk to an employee about his poor performance.Arty wants to talk with a coworker about providing support for another coworker9. If $1.00 at 5.5%interest compounded daily
has a value of $1.00513 after 34 days, how
much interest would June Akin's account
have earned on $5,000.00 after 34 days?
(Step by step) please
Answers
Answer:
After 34 days, Akin's bank account would have $5,034.11
Explanation:
Given that 5.5% annual interest, if compounded daily, represents a daily interest of 0.015%, to determine the total amount that Akin's account will have if its initial amount were $ 5,000 after 34 days of investment, the following must be done calculation:
X = 5,000 x (1 + 0.015) 34
X = 5,034.11
Therefore, after 34 days, Akin's bank account would have $5,034.11.
Select the correct answer.
Jesse launched a cheaper variant of her high-performing dishwashing liquid, anticipating similar success. Which strategy has Jesse made use of?
1. product differentiation
2. brand extension
Note: I narrowed it down to these two answers and I will provide Plato’s definitions to these words given. Im leaning towards 1 considering the product would need to be smtn similar using the same brand to be 2 (aka a shampoos company introduced dishwashing liquid). I did post this question before but I’m unable to delete it oops.
Answers
Answer:
product differentiation
Explanation:
i got it right on test
A decrease in demand, with no change in supply, will lead to ________ in equilibrium quantity and ________ in equilibrium price.
Answers
Blank 1: shortage
Blank 2: increase
D. Short answer questions:
a. Compare the monopoly’s price and quantity with that of a
perfectly competitive firm’s. Which is better for the consumer?
b. How can government regulation of a monopoly increase the
allocative efficiency of the monopoly?
Answers
Answer:
Explanation:
a. Monopoly has no competition so it can charge a higher price and produce less quantity when compared to a perfectly competition. For a consumer, perfectly competition which provides more goods at a lower price is better.
b. Due to lack of competition, monopoly does not have to be efficient in its resource allocation. To increase the allocative efficiency, the government can pass regulation to limit price charged and increase quantities of goods produced by the monopoly.
Answer:
Explanation:
compared 2 perfectly competitive firms, monopoly charges higher price and produces less quantity.
perfectly competitive firms are better for consumer
govt regulation can increase monopoly's efficiency by putting restriction on price n requiring quantity of goods produced.
Use the sum-of-year depreciation method to calculate the depreciation for the
following scenario. Company XYZ bought a new machine for $100,000 and
expects the machine will last for 10 years.
Answers
Answer:
20%
Explanation:
How to Calculate Straight Line Depreciation
The straight line calculation steps are:
Determine the cost of the asset.
Subtract the estimated salvage value of the asset from the cost of the asset to get the total depreciable amount.
Determine the useful life of the asset.
Divide the sum of step (2) by the number arrived at in step (3) to get the annual depreciation amount.
Straight Line Example
Company A purchases a machine for $100,000 with an estimated salvage value of $20,000 and a useful life of 5 years.
The straight line depreciation for the machine would be calculated as follows:
Cost of the asset: $100,000
Cost of the asset – Estimated salvage value: $100,000 – $20,000 = $80,000 total depreciable cost
Useful life of the asset: 5 years
Divide step (2) by step (3): $80,000 / 5 years = $16,000 annual depreciation amount
Therefore, Company A would depreciate the machine at the amount of $16,000 annually for 5 years.
The depreciation rate can also be calculated if the annual depreciation amount is known. The depreciation rate is the annual depreciation amount / total depreciable cost. In this case, the machine has a straight-line depreciation rate of $16,000 / $80,000 = 20%.
Which trim level is available exclusively for customers who participate in the 2023 ariya reservation program?.
Answers
The PLATINUM+ e-4ORCE is the trim level that is available exclusively for customers who participate in the 2023 Ariya reservation program.
What is the Ariya reservation program?The reservation program is organized by Nissan firm to the public.
In conclusion, the PLATINUM+ e-4ORCE is said to be the trim level that is available exclusively for customers who participate in the 2023 Ariya reservation program.
Read more about reservation program
brainly.com/question/597997
#SPJ1
John paid $10,000 in mortgage interest last year. He and his wife earned $150,000 from their jobs last year. Based on their circumstances, they can deduct the mortgage interest from their taxable income, meaning they only have to
pay federal income tax on what amount?
Answers
Answer:
$140,000
Explanation:
$150,000-$10,000= $140,000
hat is the average miles per gallon (mpg) for all new hybrid small cars? Using Consumer Reports, a random sample o f such vehicles gave an average of 35.7 mpg (a) Identify the variable miles per gallon O total miles O new hybrid small cars O all cars
Answers
The variable is miles per gallon (mpg) which is the average miles per gallon for all new hybrid small cars. So, the correct option is (a) Identify the variable miles per gallon.
Explanation: A variable is a characteristic, trait, or feature that can change over time, across different individuals, or within the same individual or entity. Variables can be continuous or categorical and can be used in research, statistical analysis, or experiments to identify, measure, compare, or predict differences, similarities, or relationships among groups or phenomena.
In this case, the variable is miles per gallon (mpg) which is the average miles per gallon for all new hybrid small cars. Consumer Reports used a random sample of such vehicles to determine the average which was found to be 35.7 mpg. Therefore, we can conclude that the average miles per gallon for all new hybrid small cars is approximately 35.7 mpg based on the sample data.
to know more about gallon here:
brainly.com/question/31702678
#SPJ11
ECONOMICS!! PLEASE HELP ME!!
Answers
Answer:
Wealth is often evenly distributed throughout a population
Explanation:
In a free-market economy, the government does not interfere with economic activities in the country. The private sector manufacture and distributes goods and services. The products produced are available for purchase by customers at a profit. Only those with resources will acquire any goods and services including, the basic goods or capital goods.
In the free market economy, wealth is not evenly distributed. Owners of capital goods produce goods and services for profits. They grow more wealthy as they generate more profits. Those without sufficient resources are likely to remain poor as all their income is spent on consumption. The gap between the rich and poor is wide and continues to increase.
b Identify and explain two reasons why the primary sector is relatively more Important to Botswana than India.
Answers
Answer: The primary sector refers to industries that are involved in the extraction of natural resources and the production of raw materials. This sector includes activities such as agriculture, forestry, fishing, mining, and oil and gas production.
In Botswana, the primary sector is relatively more important than it is in India for several reasons:
Explanation:
1. Dependence on Natural Resources: Botswana is heavily dependent on its natural resources, particularly diamonds, which account for over 70% of the country's exports. The primary sector plays a crucial role in the country's economy, and its importance is reflected in the high levels of investment in the sector.
2. Agriculture and Livestock Production: While agriculture and livestock production plays a relatively minor role in India's economy, they are significant in Botswana, where they provide food and income for a large number of rural households.
Read more about the primary sector dependence of India and Botswana:
https://jyotinivas.org/jnc-pg/pdf/mcom-ejournal_dec20.pdf
https://en.wikipedia.org/wiki/Economy_of_Botswana
your friend has limited funds and considers saving options that would match the expectations of diversified portfolio and access to money management services. which of the following options would you recommend? question 6 options: buy stock in apple open a savings account in bank of america purchase shares in a mutual fund purchase a municipal bond
Answers
Given the friend's limited funds and desire for access to money management services, the most appropriate recommendation would be to purchase shares in a mutual fund. Correct option is C.
A mutual fund is an investment vehicle that pools together money from many investors to purchase a diversified portfolio of stocks, bonds, or other securities. By investing in a mutual fund, the friend can gain access to a diversified portfolio of investments that is managed by a professional money manager, which help to reduce the risk of losses.
On the other hand, buying stock in a single company like Apple may not provide sufficient diversification to manage risk, and the friend's investment may be subject to fluctuations in Apple's stock price.
A savings account in Bank of America may offer lower returns compared to other investment options, and a municipal bond may not provide the desired level of diversification.
In summary, a mutual fund offers a good balance between investment diversification and access to professional money management services, making it a recommended option for the friend's investment needs.
However, it's important to note that before making any investment decision, it's always advisable to conduct thorough research and seek professional financial advice to make an informed decision.
To learn more about funds click on,
https://brainly.com/question/1807829
#SPJ4
Complete question is:
Your friend has limited funds and considers saving options that would match the expectations of diversified portfolio and access to money management services. which of the following options would you recommend?
A. buy stock in apple
B. open a savings account in bank of america
C. purchase shares in a mutual fund
D. purchase a municipal bond
thousands), where quantity is q, total cost is \( \mathrm{C} \), and marginal cost is MC. Airplanes sell for \( \$ 192 \) thousand. airplanes. (Enter your response using an integer.)
Answers
The number of airplanes sold can be calculated using the total cost and the marginal cost.
The formula for calculating the number of airplanes sold is:q = (C/192) - MCWhere q represents the number of airplanes sold, C represents the total cost, and MC represents the marginal cost. To use this formula, you need to know the total cost and the marginal cost.
The total cost can be calculated by multiplying the number of airplanes sold by the price of each airplane: C = q x 192.The marginal cost is the change in total cost that results from a one-unit change in quantity.
It can be calculated by subtracting the total cost of producing one less airplane from the total cost of producing one more airplane: MC = (C(q+1) - C(q-1))/2.Substituting the expressions for C and MC into the formula for q gives:q = (q x 192)/192 - (C(q+1) - C(q-1))/2.
Simplifying this equation gives:q = (C - MC x 192)/MC.Therefore, the number of airplanes sold can be calculated by dividing the total cost minus the product of the marginal cost and 192 by the marginal cost.
To know more about marginal cost, refer to the link:
https://brainly.com/question/14923834#
#SPJ11
Suppose the interest rate on six-month treasury bills is 7 percent per year in the United Kingdom and 4 percent per year in the United States. Also, today's spot exchange price of the pound is $2.00 while the six-month forward exchange price of the pound is $1.98. By investing in U.K. treasury bills rather than U.S. treasury bills, and covering exchange-rate risk, U.S. investors earn an approximate extra return for six months of
Answers
To calculate the approximate extra return for U.S. investors by investing in U.K. treasury bills and covering exchange-rate risk, we need to consider the interest rate differential and the forward exchange rate.
The interest rate differential is the difference between the interest rates in the two countries. In this case, it is 7% - 4% = 3%.
The forward exchange rate is the rate at which the currency can be exchanged in the future. In this case, the forward exchange rate of the pound is $1.98.
To calculate the approximate extra return, we can use the following formula:
Extra Return = (Interest Rate Differential + (Forward Exchange Rate - Spot Exchange Rate) / Spot Exchange Rate) * 100
Extra Return = (3% + ($1.98 - $2.00) / $2.00) * 100
Extra Return = (3% + (-0.02 / $2.00)) * 100
Extra Return = (3% - 0.01) * 100
Extra Return = 2%
Therefore, U.S. investors can earn an approximate extra return of 2% for six months by investing in U.K. treasury bills and covering exchange-rate risk.
Learn more about exchange-rate risk from
https://brainly.com/question/28009208
#SPJ11
Eric paid $21,207 for a semester's tuition at the local university. He bought tuition Insurance at a cost of 1% of that
semester's cost. How much was his tuition insurance for the semester?
$2.12
$21.21
$212.07
$2,122.70
Answers
What can be a benefit of using interviews to select employees to hire?
A. Insights from employees' examples
B. Accurate prediction of honesty
C. Good measurement of intelligence
D. Errors from employee bias
Answers
Answer:
B. Accurate prediction of honesty
Explanation:
Interviews are one of the most effective tools that human resource managers use to determine if a candidate is a match or not for a specific job. Flexibility is the key word here. That allows both the candidate and the interviewer, the possibility of understanding what are the skills needed for a certain job and if the candidate possesses them. When someone answers a test, you can tell if the candidate knows about the subject or not, but when he/she is interviewed, you can ask for more detail and examples that help clarify the candidate's ideas, expectations and capabilities. E.g. a candidate states that he/she knows how to use WordPress very well, and the interviewer can ask him/her about specific tasks to verify if that is true.
Answer:
A. Insights from employees’ examples
Explanation:
Just took the quiz.
What would you say are four major faults of measurement
instrument design? Justify your choices.
Answers
Answer:
The major faults of measurement are:
CoverageMeasurementSampling andResponseExplanation:
During business research, the data collected during the survey can become very unusable due to errors arising from the factors listed above.
The problem of coverage arises when for instance an electronic survey is used to collect data from a sample population where 69% for instance, do not have access to a mobile phone or a computer.
Measurement problems during a survey speak to the ability to properly design a questionnaire in such a way that it elicits the right kinds of responses. This means asking the right questions so that the responses or answers are accurate. The irony of measurement error is that one's survey is useless if they got the questionnaire design wrong, regardless of whether or not the response rate was very high.
After administering a survey and there is little or no response, one is said to have an error in response rate. A low response rate increases the error margin of the survey as well as it's unreliability.
Sampling errors are said to occur when the sample size is too small or statistically homogenous such that it does not accurately represent the entire population. When this happens it is termed sample frame error.
Another error can occur when the researcher includes the wrong population or excludes the right population. This is called Error in Population Specification.
Cheers