1. Does the concept of comparative advantage apply to individuals, countries, or both? Explain.
2. Suppose that one day of labor in each country produces the following quantities of fish and cheese:

Country Fish (tons) Cheese (tons)
France 80 40
Japan 200 50

Required:
a. Does France have a comparative advantage in the production of fish, cheese, or neither? Explain.
b. Does Japan have a comparative advantage in the production of fish, cheese, or neither? Explain.
c. Suppose the countries decide to trade with each other-1 ton of cheese for 3 tons of fish. Would this trade be advantageous to both countries? Explain.

Answers

Answer 1

Answer:

A

Explanation:


Related Questions

What is the LinkedIn Outreach Strategy?

Answers

Answer:

Outreach on LinkedIn means reaching out to the best prospects. A LinkedIn outreach strategy involves different steps, LinkedIn automation tools (LinkedCamp), and tactics to reach out to prospects with a proper message so they convert easily.

A perfect LinkedIn outreach strategy includes the following steps:

1. Finding the right prospects

2. Sending personalized messages

3. Building relationships and trust

4. Pitching your product

Ms. Tant's case was thrown out of federal court. She later filed it in the New York state court solely as a case involving Mr. Bloom's negligent jogging. when she lost, she appealed all the way to the highest New York state court but still lost. She then sought to appeal to the U.S. Supreme Court. Will the Supreme Court hear her case? Explain.

Answers

Answer:

No.

Explanation:

Because if any of the lower court had let her case win, then she would never have to go to the highest court that there is.

what is the importance of salesmanship​

Answers

Answer:Salesman helps the consumers in making the right decision and proper selection of the products which they want to buy.

Explanation:

Answer:

A salesman educates and guides consumers. They help consumers make the right decisions and proper selection of the products they want to buy. Salesmanship increases the rate of turnover, hence reducing unsold stock.

need help with this question​

Answers

Answer:

Explanation:i cant seee iittt

How does the business environment influence the process of Business enterprise in Nigeria.

Answers

Answer:

It affects the decisions, strategies, process and performance of the business.

Compared to the equilibrium price and quantity sold in a competitive market, a monopolist will charge a ________ price and sell a ________ quantity. Group of answer choices higher; smaller lower; smaller higher; larger lower; larger none of these options is correct.

Answers

Answer:

Will charge a higher price

Dell a smaller higher

A business traveler has to make a trip to New York. It will take an airline, car-
rental company, hotel, restaurants, and other services to conduct this trip. This
will require a large

Answers

Sum of money or a company credit card

La
ROLLING HILLS GOLF INC.
TRIAL BALANCE
SEPTEMBER 30, 2012
Unadjusted
Dr.
С
Cash
$ 6,700
Accounts Receivable
400
Prepaid Rent
1,800
Supplies
1.200
Equipment
15,000
Accumulated Depreciation-Equipment
Notes Payable
$ 5,000
Accounts Payable
1.070
Salaries and Wages Payable
Interest Payable
Unearned Rent Revenue
1,000
Common Stock
14.000
Retained Earnings
0
Dividends
600
Service Revenue
14,100
Rent Revenue
700
Salaries and Wages Expense
8,800
Rent Expense
900
Depreciation Expense
Supplies Expense
Utilities Expenses
470
Interest Expense
$35,870 $35,870
Adjusted
De
CE
$ 6,700
1,000
900
180
15.000
$ 350
5.000
1,070
600
50
800
14.000
0
600
14,700
900
9,400
1.800
350
1,020
470
50
$37,470 $37.470
Instructions
(a) Journalize the adjusting entries that were made.
(b) Prepare an income statement and a retained earnings statement for the 3 months ending September 30
and a classified balance sheet at September 30.
(c) Identify which accounts should be closed on September 30.
(d) If the note bears interest at 12%, how many months has it been outstanding?

Answers

Answer:

$ 350

Explanation:

Sam, a change manager, has many competencies. One particular strength is his ability to gather meaningful data through interviews, surveys, and observations. These characteristics of Sam are an example of the ____ skills of a change manager.

Answers

Answer:

Diagnostic is the write answer.

what are some sales channels for detailing cars (service)?​

Answers

Answer:

make me Brainlist

There are basically four types of marketing channels:

Direct selling;

Selling through intermediaries;

Dual distribution; and.

Reverse channels.

You need to hire a receptionist that will be handling cash. What steps would you take to make sure you hire the right person?
Initial post should be at least 4 sentences

Answers

-I’ll make sure that the person is honest-I’ll do the background check-I’ll do the drug screening-I’ll make sure that the person has good math skills-I’ll make sure that the person has appropriate experience in handling cash

Consider a production line with five stations. Station 1 can produce a unit in 15 minutes. Station 2 can produce a unit in 12 minutes. Station 3 has two identical machines, each of which can process a unit in 20 minutes (each unit only needs to be processed on one of the two machines. Station 4 can produce a unit in 8.5 minutes. Station 5 can produce a unit in 11 minutes.

Required:
Which station is the bottleneck station?

Answers

Answer:

Bottle neck stations are the ones which take more time than the previous station because of which units received per hour our more than units created per hour creating a bottleneck.

In this case Station 2 is taking more time than station 1. (10>9)

Station 3 has 2 machines so although one machine takes more time than station one because of having 2 machines the time can be divided by 2 so there is no bottle neck here. (6<10)

Station 4 takes less time than station 2. (5<6)

Station 5 takes more time than station 4. (8>5) but station 5 is not a bottle neck because it is the last station so it is not slowing the units from going on to  another station or the next station, because the good is finished here there is no bottle neck

The only bottle neck is station 2 because it takes more time to send one unit to the next unit compared to receiving one unit from station 1.

Explanation:

Explanation:

"Station 1" is the bottleneck station.

According to the question:

Station 1's Effective processing time

= 15 minutes  

Station 2's Effective processing time

= 12 minutes  

Station 3's Effective processing time

= [tex]\frac{20}{2}[/tex]

= 10 minutes  

Station 4's Effective processing time

= 8.5 minutes  

Station 5's Effective processing time

= 11 minutes

Station 1 seems to be the most efficient processing duration as well as being the bottleneck location.

Thus the above answer is the correct one.

Learn more:

https://brainly.com/question/13405631

Which of the following statements about Productivity are FALSE.
(a) It is the ratio of outputs divided by inputs.
(b) If a company improves productivity it means improvements in efficiency.
(c) Productivity can be increased by increasing the output with the same inputs.
(d) Productivity cannot be calculated for companies like Hospitals or Schools.
a and d
cand d
only c
only d

Answers

Answer:

hmmmmmmmmmmmmmmmmmmmmmmmm

The statement which is false about productivity is "Productivity cannot be calculated for companies like Hospitals or Schools". Thus, option 'D' is the correct option.

What is productivity?

Productivity is a measure of how effectively commodities or services are produced. Productivity is sometimes represented as a ratio of the whole output to a single input or the total input utilized in a manufacturing process, or output per unit of input, usually over a predetermined time period.

The most typical illustration is the (aggregate) measure of labor productivity, where GDP per worker is one example. The selection of a productivity definition (including ones that do not refer to ratios of output to input) relies on the goal of the productivity assessment and/or the availability of data. Productivity has a key role in how well businesses and countries produce.

Learn more about productivity, here:

https://brainly.com/question/2506978

#SPJ6

Crane Company had these transactions during the current period.
June 12 Issued 79,500 shares of $1 par value common stock for cash of $298,125.
July 11 Issued 3,650 shares of $105 par value preferred stock for cash at $113 per share.
Nov. 28 Purchased 3,200 shares of treasury stock for $8,800.
Prepare the journal entries for the Crane Company transactions shown above.

Answers

Answer:

c

Explanation:

Assume that the linear equation for consumption in a closed economy is C = 40 + 0.8Y. Also, assume that income (Y) is RM400 million.

Determine:     

(a)  the marginal propensity to consume        
(b)  the marginal propensity to save      
(c)  the level of consumption       
(d) the average propensity to consume        
(e)  the level of saving        
(f) the average propensity to save  ​

Answers

A) the marginal propensity to save is the number associated with y which is 0.8

B) the marginal propensity to save is 1-0.8 = 0.2

C) replace y with the 400 and solve: c = 40 + 0.8(400) = $360

D) Average propensity to consume = 360/400 = 0.9

E) 400-360 = $40

F) 40/400 = 0.1

Explanation:

(a)

0.8

(b)

Total - 0.8

1 - 0.8

0.2

(c) c = 40 +0.8(y)

c = 40 + 0.8(400)

c = 40 + 320

c = 360

(d) c/y

360/400

36/40

9/10

0.9

(e) 400 - 360

40

(f) 40/400

4/40

1/10

0.1

Remember, the budget constraint contains all possible combinations of consumption and leisure at a given wage, wealth, and price. Say Adam sleeps 9 hours a day leaving him 15 hours each day to spend on either work or leisure, if the price of ice cream is $2, Adam's wage is 12$/hour, and his wealth is $10, what is the maximum amount of hours Adam can spend on leisure if he chooses to buy 17 cups of ice cream

Answers

Yeadjdjjdjdjdjdjdjddj

WILL GIVE BRAINLIST

A depression is a severe recession that is often accompanied
by deflation.

Otrue
O false

Answers

Answer:

true

Explanation:

mark me brainliest

Nghệ thuật quản trị các Doanh nghiệp vừa và nhỏ ở Việt Nam hiện nay?

Answers

Answer:

Please write properly.

xu hướng marketing của Việt Nam

Answers

Answer:

xu hướng của những năm nào vậy bạn?

KLM Corporation's quick assets are $5,996,000, its current assets are $12,480,000 and its current liabilities are $8,068,000. Its acid-test ratio equals: _________

Answers

0.74 I think is the awnser

Which one of the following is NOT one of the major business functions or specialized tasks performed by business organizations and supported by information systems?
A. Sales and marketing
B. Human resources
C. Finance and accounting
D. Manufacturing and production
E. Collective bargaining

Answers

Answer is E

This a process which engages working people through union. They negotiated a contract with owner& the employers to get information details about the term of employment like pay, benefits, house leves,,health, safety policies.

Help to ensure balance work and personal relationship.

Sale HR financial and production are important business functions & supported heavily by information systems.

Collective bargaining is a negotiating process not core business function or specialised task.

A wedding party hired a sole proprietorship to cater their wedding. In this situation, the sole proprietorship is a partnership, and the employee who handled the job is a partner. f the malicious partner intentionally trips the bride when she is walking down the aisle, the partnership is still liable.

True
False

Answers

True, because what paragraph
The answer would be true

explain business activities and classification ?

Answers

Answer:

Business activities may broadly be classified into two categories namely (A) Industry and (B) Commerce. Industry involves production of goods and services whereas commerce is concerned with the distribution of goods and services.

Explanation:

hope helps

Explanation:

Business is the buying, selling & exchange of goods & services for-profit service or motive is commonly known as business. The term business is derived from the word ‘busy’. In a specific sense, business activities refer to any occupation in which people regularly engage in an activity with a view to earning the profit. Let us take a look at the classification of business activities.

Classification of Business Activities

Into two broad categories, various business activities can be classified-

Industry

Commerce

Industry

The sector where raw material gets converted into useful products is called industry. Activities related to production & processing as well as activities related to rearing & reproduction of animals or other living species are all included in the industry. The purpose of industry is to create form utility by converting raw materials into useful forms of finished products.

An industry may produce consumer goods or capital goods. Goods such as bread, butter, cloth, radio, etc. are consumer goods. These goods are directly used by the consumer. Goods such as machinery, cement etc. are called capital goods as these are used further in the production process to make useful products.

Commerce

We can refer to commerce as all those activities which help directly or indirectly in the distribution of goods to the ultimate consumer. There will be no use of producing goods unless & until these goods reach the ultimate consumer. Goods are produced at one place & consumers are scattered at different places. Commerce can be classified into two broad categories:

Trade

Aids to trade

Trade

Trade is an integral part of commerce. It includes buying & selling of goods & services. The trade segment of commerce brings together the manufacturer & the consumer, i.e. it is a link between the manufacturer & the consumer.

Trade can be classified into two types:

Internal trade: It refers to buying & selling of goods or services within the geographical boundaries of a country. It is also known as home trade or domestic trade. Under internal trade, goods & services are bought & sold in the home currency only. The internal trade can be two types:

Wholesale trade

Retail trade

External trade: When the buying & selling of goods & services is beyond the geographical limits of the country it is called external trade. It is also known as trade between two or more countries. In external trade, the market is very wide. External trade is of the following types:

Export trade

Import trade

Entrepot trade

Aids to Trade

Lauren was accepted at three different graduate schools, and she must choose one. Elite U costs $50,000 per year and did not offer Lauren any financial aid. Lauren values attending Elite U at $60,000 per year. State College costs $30,000 per year and offered Lauren an annual $10,000 scholarship. Lauren values attending State College at $40,000 per year. NoName U costs $20,000 per year and offered Lauren a full $20,000 annual scholarship. Lauren values attending NoName at $15,000 per year. Lauren's opportunity cost of attending State College is

Answers

The opportunity cost of attending state college is $20,000.

The computation is given below:

Surplus arise from Elite U:

= $60,000 - $50,000

= $10,000

Surplus arise from state college:

= $40,000 + $10,000 - $30,000

= $20,000

Surplus arise from no name:

= $15,000 + $20,000 - $20,000

= $15,000

So, the opportunity cost of attending state college is $20,000.

Learn more about the opportunity cost here: brainly.com/question/13036997

when you choose a career your looking for more than just

Answers

Just what? Lol The question isn’t even finished

Which of the following time series would be an excellent candidate if you were looking to show a trend in the data?
a) total solar power generated at a certain site each month over a span of years
b) total solar power generated at a certain site each year over a span of several years
c) total solar power generated each noon minute over the course of an hour, as a sequence of storm clouds pass overhead
d) total solar power generated at a certain site each day, january-july

Answers

The correct answer would be A

what are reasons for looting?

Answers

Answer:

Looting after disasters.

In armed conflict.

Archaeological removals.

Looting of industry.

Wealth redistribution

Explanation:

https://en.wikipedia.org/wiki/Looting

describe two benefits you enjoy because of free market system

Answers

 (A) lower prices for goods and services.

(B) higher-quality goods and services for the consumer.

50 POINTS!!!
Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below:


2021 2020
Accounts receivable $ 83,000 $ 75,000
Inventory 95,000 72,000
Net sales 480,000 377,000
Cost of goods sold 257,000 223,000
Total assets 825,000 750,000
Total stockholders' equity 480,000 455,000
Net income 80,000 51,000

TPX Company's 2021 return on equity is: (Round your answer to 1 decimal place.)

Multiple Choice

1.4%.


3.1%.


17.1%.


16.7%.

Answers

Answer:

$88892 will be added from this form

Explanation:

YOU NEED TO COMPLETE THE FORM

At an output level of 50 units per day a firm has average total costs of $60 and average variable costs of $35.
Its total fixed costs are:_______.
A. $925.
B. $1,250.
C. $1,750.
D. $3,000.

Answers

I believe it is C but not sure
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