Does a country with the absolute advantage in the production of a good always have the comparative advantage producing that good?
Answers
A country with absolute advantage in production of a goods does not always have comparative advantage of production of the goods.
Difference between Absolute Advantage and Comparative AdvantageWhen a country has an absolute advantage, it can produce more of goods and services than any other country with the same quantity of resources due to the availability of skilled workforce, abundant natural resources and advanced technology. The country produce much more goods more efficiently to other competitors having absolute advantage in the production of goods.
When a country has comparative advantage it can produce a good or service at a lower opportunity cost than other country because of abundance of raw materials and the climatic condition that support the production of such goods. At times a country will have both absolute advantage and comparative advantage in production of some goods.
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Related Questions
Any such adverse action taken by an employer against an employee is also known as.
Answers
Answer:
retaliation
Explanation:
quizlet told me and it makes sense
Nevada State is planning to purchase a $900,000 bulldozer. The bulldozer is expected to produce cash flows of $468,500, $459,000, and $200,000 over the next three years. The rate of return on the bulldozer is:
14.10%
12.94%
13.53%
13.94%
12.78%
Answers
The correct answer to the given problem is option D, 13.94%.Explanation:Given,The cost of the bulldozer
= $900,000The expected cash flows
= $468,500, $459,000, and $200,000 over the next three years.
Calculate the Internal rate of return to determine the rate of return on the bulldozer.
The internal rate of return (IRR) for a potential investment is the rate at which the investment's net
present value (NPV) equals zero. This is sometimes known as the "break-even" point because it is the rate at
which the investment pays for itself. IRR is expressed as a percentage.The formula for calculating
IRR is as follows:NPV = (CF0 / (1+IRR)^0) + (CF1 /
(1+IRR)^1) + (CF2 / (1+IRR)^2) + (CF3 / (1+IRR)^3)... + (CFn / (1+IRR)^n)0 = (CF0 / (1+IRR)^0) +
(CF1 / (1+IRR)^1) + (CF2 / (1+IRR)^2)NPV =
Present value of cash inflows - Initial
cost= -900,000+ 468,500/(1+IRR)¹ + 459,000/
(1+IRR)² + 200,000/(1+IRR)³= -900,000 + 415,743.04 + 374,409.45 + 154,909.91= -900,000 + 945,062.4NPV = $45,062.4
at IRRRate of Return on the bulldozer = IRR *
100Rate of Return on the bulldozer = 13.94%
Therefore, the rate of return on the bulldozer is 13.94%.
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You are told that if you invest $11,000 per year for 23 years( all payments made at the end of each year) you will have accumulated $366,000 at the end of the period What annual rate of return is the investment offering.
Answers
Answer:
3.2%
Explanation:
this is an ordinary annuity:
future value of an ordinary annuity = annual payment x future value annuity factor
$366,000 = $11,000 x future value annuity factor
future value annuity factor = $366,000 / $11,000 = 33.2727
you can solve this in two ways:
the first is with a lot of math work in order to solve the following equation
33.2727 = [(1 + i)²³ - 1] / i
or
you can use an annuity calculator (available online) which will yield 3.2%
According to the digital disconnect and the lecture, the global digital divide is the result of _____.
Answers
According to Digital Disconnect, the global digital divide is the result of the hyper-commercialization of Internet development that only serves affluent populations/groups.
The Digital Disconnect refers to experts' examination of current theory, research, and practice in socio-digital inequality. The Digital Disconnect provides a thorough analysis of capitalism's exploitation of the Internet. As per the Digital Disconnect, it is the hypercommercialism of mainstream computing technologies that causes the global digital divide. The global digital divide refers to global discrepancies, particularly between developing countries, and developed in access to computing and information resources such as the Internet, as well as the opportunities that such access provides.
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Relationship service marketing differs from traditional service marketing in that in relationship service marketing:
need satisfaction is approached from the standpoint of the "part."
the primary sales contact is through a trained marketing professional.
profitability is assessed on individual services.
the emphasis is on selling the service a customer requests.
Answers
In relationship service marketing, the correct statement is: need satisfaction is approached from the standpoint of the "part."
Relationship service marketing focuses on building and maintaining long-term relationships with customers. It recognizes the importance of understanding individual customer needs and preferences. Rather than solely emphasizing selling the service a customer requests, relationship service marketing aims to identify and fulfill the broader needs of the customer, even those they may not explicitly express. It involves tailoring services to meet individual customer requirements and building trust and loyalty over time. The primary goal is to develop strong, mutually beneficial relationships with customers, considering their specific needs and preferences as the foundation for delivering exceptional service.
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any two importance of office resources
Answers
Two importance of office resources are greater output and promote productivity .
What are office resources ?All of the resources and amenities found in an office, including people, tools and supplies, furniture and equipment, cash, modes of transportation, and communication, are referred to as office resources. These resources are used to help the organization achieve its goals.
Two improtance of office resources are:Greater output is made possible because every business strives to produce as much as possible while using the fewest resources possible. Better resource utilization management can be used to accomplish such a feat.It helps to promote productivity: Office supplies aid in boosting office employees' productivity. Equipment such as furniture, machinery, and other items make work more comfortable and convenient, which improves worker productivity.Learn more about office resources here https://brainly.com/question/20436648
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duffjd provides a laundry service for towels and sheets to three hotel chains in a major city, hoyluk. it provides each hotel chain with trade credit.
Answers
Duffjd provides laundry services for towels and sheets to three hotel chains in the city of Hoyluk. It offers trade credit to each hotel chain. A trade credit is an agreement between a buyer and seller whereby the seller agrees to allow the buyer to pay for goods or services at a later date.
This is often used as a way of financing businesses, allowing them to obtain the goods or services they need without having to pay for them upfront.Duffjd may offer trade credit as an incentive for hotels to continue to use its services. By providing credit terms, it allows hotels to pay for their laundry services after they have been used, freeing up their cash flow for other expenses.
Trade credit also helps to build trust and loyalty between Duffjd and its customers, as the hotels are more likely to continue using its services if they have a good working relationship. Overall, offering trade credit is a common practice in many industries and can be beneficial for both buyers and sellers.
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How can an employee best help to maintain a positive work environment?
ОА.
Avoid interacting with other staff members.
OB.
Focus on the good things.
O C.
Socialize every evening with other staff members.
OD.
Maintain good relations with the management.
Answers
D. Maintain good relations with the management.
Answer:
it is (C)
Explanation:
If your nominal wage rises from $10 to $12 while the CPI rises from 150 to 180 will your real wage increase, decrease, or stay the same?
A. Stay the same B. Decrease C.
Increase
Answers
Answer:
A. Stay the same
Explanation:
We need to compare the rate of price change and the rate of inflation.
Rate of price change = $12 - $10 x 100
$10
=2/10 x 100
=0.2 x 100
=20%
inflation rate= CPI year 2- CPI year 1 x 100 %
CPI year 1
=180 -150 x 100
150
=30/150 x 100
=0.2 x 100
=20%
The price change are the inflation rate are the same.The real wages will stay the same
________ is when the value of a unit of currency decreases, so it is worth less than before
Question 1 options:
liquidity
inflation
equity
interest rates
Answers
Inflation refers to the general increase in prices of goods and services in an economy, resulting in the decrease in the purchasing power of money. Inflation occurs when the supply of money in the economy increases at a faster rate than the production of goods and services. As a result, the value of currency decreases, and it can buy fewer goods and services than before.
Option (A) "liquidity" refers to the ability of an asset to be easily converted into cash without causing a significant change in its price. Option (C) "equity" refers to the ownership interest of shareholders in a company. Option (D) "interest rates" refers to the cost of borrowing or the return on savings or investments.
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.
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how does the participation in gray-market distribution strategies affect distribution channel members?
Answers
The participation in gray-market distribution strategies affect distribution channel members in reduction of profits and sales of the authorized distributors.
Gray-market distribution is a legally selling of a product but without the brand's permission. This strategy can increase the number of sold products. It is lucrative for the sales but it comes with a drawback. This strategy cause a reduction of profits and sales of the authorized distributors, therefore it can harm the relationship with the distributors. The product reputation can also be damaged because of this strategy. But it is a common strategy for multiple products, including watches, cameras, and cars.
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Consider a second hand car market where three types of cars are being sold: High quality (H), medium quality (M) and low quality (L). Sellers value an H at $2000, an M at $1200 and an L at $800, whereas buyers value an H at $1800, an M at $1600 and an L at $1400. As discussed in the "Akerloff's Lemons Market", sellers are able to distinguish between different quality cars but buyers are not and a buyer believes that in this market 40% of the cars is an H, 30% of the cars is an M and 30% of the cars is an L. a) Determine which type of cars will be sold at the efficient allocation. b) Determine which type of cars will be sold at the market equilibrium.
Answers
Answer:
a) Determine which type of cars will be sold at the efficient allocation.
All cars would be sold in a Pareto efficient allocation.
In a Pareto efficient market, resources are all allocated in teh most efficient possible way. This is the reason why this is just a theoretical concept that does not necessarily apply in real life.
b) Determine which type of cars will be sold at the market equilibrium.
Since consumers are only willing to pay up to $1,620 for a used car, only medium quality and low quality cars will be sold. The price of high quality used cars is higher than the equilibrium price.
Explanation:
the most a buyer would be willing to pay for a used car is ($1,800 x 40%) + ($1,600 x 30%) + ($1,400 x 30%) = $720 + $480 + $420 = $1,620
What do banks pay to their savings account customers?
● A. Interest 《《
○ B. Profits
○ C. Commission
○ D. Dividends
Answers
Customers of banks' savings accounts receive interest payments. As a result, choice (A) is the right answer.
What is interest rate?An interest rate is the sum of interest that is accrued each period as a percentage of the principal amount that has been lent, deposited, or borrowed. The total interest on a loaned or borrowing sum is calculated by the principal amount, the interest rate, the regularity of compounding, and the period of time the loan, deposit, or borrowed took place.
The rate calculated over a year is the annual interest rate. Other interest rates, such as monthly or daily rates, also apply but are typically annualized. The borrower is prepared to pay a fee—the interest rate—for the right to receive money sooner rather than later if they need it or desire it.
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What house designs are eco friendly?
Answers
Answer:
Cob.
Straw Bale. ...
Underground Homes. ...
Rammed Earth Construction. ...
Earth Sheltered Homes.
Solar Roofing. ...
Bamboo Flooring. ...
Cork Flooring.
Explanation:
hopes this helps
Consider an economy in which banks do not hold excess reserves; non-bank entities hold all money in the form of checkable deposits; and the required reserve ratio is 15 percent. If the monetary authority (ex the Fed) writes a $200,000 check to a member of the non-bank public, checkable deposits in this economy would increase by
a. $200,000.
b. $2,000,000.
c. $13, 333,333.
d. $1,333,333.
Answers
Audited deposits in this economy increase by $1,333,333.
Option d is correct .
In this scenario, the required reserve ratio is 15%. This means that banks must hold 15% of current accounts as a reserve. The rest is available for loans and can be used to make additional check deposits.
When the Monetary Authority writes her $200,000 check to the unbanked, it essentially creates new money. This check is credited to the payee's bank account, increasing the checkable deposit amount. To determine the overall increase in current account balances, we need to consider the process of money creation by the banking system. Banks are required to hold 15% of their current accounts in reserves, so they can lend out the remaining 85%.
The initial checkable deposit increase is $200,000 equal to the check amount. However, this amount may increase due to the currency creation process. The formula for calculating the total increase in checking account is:
Total Increase in Verifiable Deposits = Initial Increase in Verifiable Deposits / Required Reserve Ratio
Total checking account growth = $200,000 / 0.15
Total checking account growth = $1,333,333
Hence. Option d is correct .
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A car of mass m traveling at speed v crashes into the rear of a truck of mass 2m that is at rest and in neutral at an intersection. If the collision is perfectly inelastic, the speed of the combined car and truck after the collision is:
Answers
In a perfectly inelastic collision between a car of mass m traveling at speed v and a truck of mass 2m at rest and in neutral, the combined car and truck will have a speed of v/3 after the collision.
In a perfectly inelastic collision, the two objects stick together and move as a single unit after the collision. To determine the speed of the combined car and truck after the collision, we can apply the principle of conservation of momentum.
Before the collision, the car has momentum (mass x velocity) of mv, and the truck has zero momentum since it is at rest. After the collision, the combined car and truck have a total mass of 3m (car mass + truck mass) and move at a common speed, let's call it vf.
According to the conservation of momentum, the initial momentum of the system (mv) is equal to the final momentum of the system (3m x vf). Therefore, we can set up the equation:
mv = 3m x vf
Simplifying the equation, we find that vf = v/3. Hence, the speed of the combined car and truck after the collision is v/3.
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The presentation recommends updating and modifying your budget how often?
Answers
The recommended frequency for updating and modifying your budget is monthly or weekly. Hence option B is correct.
What is the budget about?It is recommended to update and modify your budget regularly, typically at least once a month. This allows you to track your spending, make adjustments as needed, and ensure that you are staying on track with your financial goals.
Therefore, By regularly updating your budget, you can make informed decisions about your spending and better manage your finances. In addition, it allows you to identify areas where you may be overspending or underspending, and make changes to your budget accordingly. Regular budget updates and modifications can help you stay in control of your finances and make the most of your resources.
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See full question below
Q.
The presentation recommends updating and modifying your budget how often?
answer choices
Annually or quarterly
Monthly or weekly
Daily or whenever making purchases
Never
When a customer exits the queue, there are two possible outcomes. One is a chance that the customer may return to the source population to be served again. What is the other
Answers
Answer:
there is a low chance of reservice
Explanation:
Why’s are payroll withholding and estimated tax useful
Answers
Answer:
it is actually "They make sure people aren't surprised by how much they owe for the year all at once." i just took the quiz
Explanation:
difference between associative and commutative property
Answers
Answer:
The associative property of addition states that you can group the addends in different ways without changing the outcome. The commutative property of addition states that you can reorder the addends without changing the outcome.
Explanation:
Small-denomination certificates of deposits are:
A. Included in M1 and M2.
B. Included in M2 but not M1.
C. Included in M1 but not M2.
D. Included only in M1.
Answers
Small-denomination certificates of deposits are Included in M2 but not M1. The correct option is B.
Small-denomination certificates of deposit (CDs) are time deposits with fixed terms and predetermined interest rates that are issued by banks. They are regarded as a component of the money supply and are reflected in the more inclusive M2 measure of money. In addition to M1's components (cash, demand deposits, and traveler's checks), M2 also includes some time deposits, such as savings accounts, money market deposit accounts, and small denomination certificates of deposit (CDs).
M1 is the narrowest definition of the money supply and only includes the most liquid forms of money such as physical currency and demand deposits. Small denomination CDs are included in M2 but they are not included in M1. The correct option is B.
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Samantha keeps $1,000 in her checking account. A friend has suggested that she move that money into a savings account which pays interest and that she apply for a debit card on that savings account so that she can spend money in her account directly with merchants without having to write a check. What's wrong with this idea
Answers
Answer:
Few banks will issue debit cards for savings accounts since the law limits the use of a debit card with merchants to 6 times per month.
Through a comparable company analysis for Alibaba, you determined a P/E ratio of 6.0x is appropriate to value the company. Based on this metric, what is the implied Enterprise Value of Alibaba? Review Later $740,366 $1,391,693 $1,055,792 $898,073
Answers
Answer:
$740,366
Explanation:
The computation of the enterprise value is given below:
P/E ratio = Market Capitalization ÷ Earnings
6 = Market Capitalization ÷ $149,680
Market Capitalization is
= 6 × $149,680
= $898,080
Now,
Enterprise Value = Market Capitalization + Market Value of Debt - Cash & Cash Equivalents.
= $898,080 - $157,714
= $740,366
Identify and explain 2 reasons why a business such as AEC could not be successful without other firms providing natural resources
Answers
Answer:
AEC needs rubber to make its seals too. Oil is needed to produce rubber and, like coal and iron ore, oil is a natural resource. Without oil, AEC would have no rubber for seals. Natural resources are declining over time + coal reserves, especially, are running out.
Answer:
Identify and explain 2 reasons why a business such as AEC could not be successful without other firms providing natural resources
Explanation:
AEC needs rubber to make its seals too. Oil is needed to produce rubber and, like coal and iron ore, oil is a natural resource. Without oil, AEC would have no rubber for seals. Natural resources are declining over time + coal reserves, especially, are running out.
6. He is not a skilled worker. He
doesn't ............... much.
win
gain
earn
pay
afford
Answers
Answer:
earn .
He is not a skilled worker. He doesn't earn much.
Explanation:
He doesn't earn much.....
Which step of the legislative process is missing?
with answers in screenshot
Answers
Is South Korea one of the fastest-growing Asian country
Answers
Answer:
yes, it is
Explanation:
It has one of the largest economies in the world
Why would an entrepreneur be best suited to opening a new business, rather than buying an existing business or franchise?
Answers
Answer:
For example, it's really easy to finance while buying in an existing business while starting a new one. In Addition tons of bankers and investors all around the world would feel more comfortable dealing with a business that already has had a proven track record.
Explanation:
what are the benefits of a majority shareholder
Answers
Answer:
A majority shareholder in a company has significant control and influence over the company's decisions and policies. Some potential benefits of being a majority shareholder include:
1. Control: Majority shareholders can exert significant control over the company's direction and decision-making, including selecting board members and executives, and approving major decisions.
2. Dividends: As a majority shareholder, you are entitled to a greater proportion of the company's profits and may receive higher dividends.
3. Increased Value: The value of the company and its stock can increase as a result of a strong performance, which would benefit the majority shareholder.
4. Greater Voting Power: Majority shareholders have greater voting power in corporate matters such as mergers and acquisitions, stock issuances, and other significant decisions.
5. Strategic Influence: Majority shareholders may be able to shape the company's strategy and long-term goals, potentially leading to higher returns.
It is important to note that being a majority shareholder also carries significant responsibilities and risks, such as potential legal liability and exposure to market volatility.