Explain why most trade occurs because of comparative advantage. Be sure to provide examples from the data tables or from the lesson to support your answer.
Most trade is due to the comparative advantage of an organization's ability to produce a good or service with lower marginal cost and opportunity cost.
As an example, we can cite trade between Africa and the United States, where Africa markets agricultural products such as corn and citrus to the US, and the US markets technological products such as computers to Africa.
Therefore, companies will use comparative advantage to acquire goods and services at lower prices than other competitors.
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the starting point for preparing the operating activities section using the indirect method is ______.
Organizations often have different operations. The starting point for preparing the operating activities section using the indirect method is Net income.
Net income is simply known to be the gross profit and removing all other expenses, costs and any other income and revenue sources that are not included in gross income.
A lot of other costs is often removed from gross to make it be at net income. They include interest on debt, taxes, and operating expenses or overhead costs.
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the best way for federal reserve board officials to help boost a stagnant economy is to
The most beneficial way for the Federal reserve board officials to help boost such economy is to lower interest rates so that the banks can provide more loans at cheaper rates to individuals and businesses.
The federal reserve board officials are nominated by the President and Senate to oversee the activities of the federal reserve.
Typically, the stagnant economy is characteristic by increasing interest rate which will discourage borrowing from bank.However, if the officials lower the interest rate for bank, it will encourage more provision of loans to borrowers.Therefore, the most beneficial way is to lower interest rates so that the banks can provide more loans at cheaper rates to individuals and businesses.
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Before a significant risk medical mobile app (MMA) study can commence, what does the sponsor need to do
Based on operational standards, before a significant risk medical mobile app (MMA) study can commence, the sponsor "must have an approved IDE from FDA."
What are IDE and FDA?IDE is the acronym of Investigational Device Exemption. Approval of IDE validates the investigational device to be utilized in medical research to obtain safety and efficacy data.
Similarly, FDA is the acronym of Food and Drug Administration. The responsibility of the FDA is to ensure there is safety and security of human and veterinary commodities, including drugs, biological products, and medical devices, among others.
Hence, in this case, it is concluded that the correct answer is that the sponsor "must have an approved IDE from FDA."
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A company's biggest vulnerability in employing a best-cost provider strategy
A. relying too heavily on outsourcing.
B. getting squeezed between the strategies of firms employing low-cost provider and high-end differentiation strategies.
C. getting trapped in a price war with low-cost leaders.
D. being too timid in cutting its prices far enough below high-end differentiators many of their customers.
E. not having a sustainable distinctive competence in cost reduction.
Answer:
B - Getting squeezed between the strategies of firms employing low-cost provider and high-end differentiation strategies.
Explanation:
A company's biggest vulnerability in employing a best-cost provider strategy, getting squeezed between the strategies of firms employing low-cost provider and high-end differentiation strategies. Thus, option (b) is correct.
What is strategy?The term strategy refers to the plan for the company growth. The market are the based of the so many companies are the different company are the different strategy. The strategy is the measure, the following the points are the related to the advantages and the disadvantages of the plan. The perfect strategy is the perfect advantage.
It was the company's biggest strategy was the vulnerability in employing a best-cost provider of the low cost of the provider are the best strategy to the high-end differentiation strategies. There are the firms the low cost are the more profit. The strategy are in the perfectly to the implement.
As a result, a company's biggest vulnerability in employing a best-cost provider strategy getting squeezed between the strategies of firms employing low-cost provider and high-end differentiation strategies. Therefore, option (b) is correct.
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Do you think the united states should adopt information-control regulations similar to britain's official secrets act? explain why or why not.
Answer:
no they should ent
A collective good offers particularized benefits while private goods are broadly distributed. True False
Which department of the U.S. federal government was budgeted to spend over $582 billion on goods and services in fiscal year 2017, making it one of the largest B2B spenders in the country
A theater has fixed operating costs, such as electricity, salaries, and rent. What is this break-even point called
The fixed operating cost in the question is one of the requirement to be used to calculate the Break even units not the break-even point.
Usually, the break-even point is the point where the total revenue equals the total costs of the business.
In other word, the break-even point means that the expenses and revenue are equal and thus, the company will record neither a net loss or gain.
The formula used to derive the Break even unit is [Fixed Costs / (Sales price per unit – Variable costs per unit)}
Therefore, the fixed operating cost in the question is one of the requirement to be used to calculate the Break even units not the break-even point.
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Custom Quilters makes decorative comforters, quilted garments, and other products in a small sewing factory. The company expects to make 2,000 comforters during the current year. With respect to the comforters, how would the hourly wages of sewing machine operators be classified
Based on the comforters, the hourly wages of sewing machine operators would be classified as:
Direct and VariableAccording to the given question, we are asked to classify the hourly wages of sewing machine operators based on the decorative comforters.
As a result of this, we can see that because the company has a fixed number of comforters it wants to produce during the current year, then the hourly wages of the operators of the sewing machine can be classified as direct and variable.
Therefore, the correct answer is Direct and Variable
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When Jose compares his input/output ratio with that of his co-workers, he is satisfied that he is being treated fairly. What is Jose most likely to do as a result
Oreo cookies are now extremely expensive to purchase. Instead of buying oreo cookies, i now want to buy chips ahoy. What determinant of demand does this likely fall under?.
In economics, the determinant of demand that this scenario fall under , when you go for chips ahoy because Oreo cookies are now extremely expensive is Change in Price of Substitute Good.
What is Substitute Good?
A substitute good can be regarded as product or service that is been used as alternative for other goods.
It should be When the price of a substitute good rise, then demand for the other substitute as well will rise.
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Which sales tactic offers potential customers the opportunity to try a product or service before they make a buying decision
When Maria’s friend mentioned an upcoming concert, Maria quickly thought about the new CD that was supposed to come out that day. This connection that occurred as a result of the word "concert" is an example of a __________. A. Semantic network B. Hierarchy C. Concept D. Schema.
The information illustrated is an example of a A. semantic network.
A semantic network means a source of information reflecting semantic relationships among approaches within a server. It is also used as the type of recognition of information.
While Maria's friend suggested an upcoming show, she was quick to assume of that same latest record that had been expected to be released that day. Therefore, the relationship that happened as a result of the concert is an illustration of the semantic network.
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How is federal income tax calculated on a paycheck.
Answer:
Multiplying taxable gross wages by the number of pay periods per year to compute your annual wage.
Explanation:
why do we need to suffer from taxes
Answer:
because it is very important so we can know the answere
Differentiate between equity financing and debt financing?
Answer:
When a business wants to obtain cash, it has two options for financing: equity financing and debt financing. Equity financing is the most common kind of financing accessible to companies. Debt financing refers to the borrowing of money, while equity financing refers to the sale of a piece of the company's stock.
Explanation:
Hope it helps:)
During the ________ stage of system development, systems tests are evaluated by users and reviewed by management.
Answer:
acceptance testing
Explanation:
9. Describe some research strategies implemented by economists to prove the existence of labor market discrimination based on race.
Answer:
Explanation:
I
n this article, we discuss the theory and evidence on discrimination in two
key domains—the labor market and the criminal justice system—from an
economic perspective. We define discrimination as treating someone differently based on characteristics such as gender, race, or religion. Prejudice may lead
to discrimination, but only if you act on it. Moreover, discrimination by individuals
does not necessarily lead to discrimination at a market or societal level. We focus
primarily on discrimination against blacks, although many of the concepts l assessment of a nonrepresentative
sample, as when an employer ascribes differences in an earlier job applicants pool
to a current one even though the applicant population has changed.
The canonical Becker ([1957] 1971) model of employer discrimination suggests
that market forces push back against taste-based discrimination, because prejudiced
employers will pay more for (or hire less qualified) preferred race workers, thereby
decreasing profits. Consequently, in a basic model, competition from nondiscriminating firms drives discriminators from the market until wage
would burger king hamburgers or lady gaga mp3s have a deadweight loss smaller relative to the total surplus in its market?
Competition do exist between firms. For Burger King hamburgers, I will expect deadweight loss to be smaller relative to the total surplus in its market. This is because the less differentiated products are known to be more difficult to sustain its inefficient prices and the much smaller deadweight loss it has.
Burgers are known to be less differentiated product and it need to advertise so as to convince consumers that they should have one burger over another.Consumers are said to be more indifferent about fast-food. The entry of new firms affects profits by forcing business rivals to compete.
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Imagine you are working as an insurance broker, and a company comes to you wanting to insure one of its production factories. Identify at least two distinct risks you would analyze as you decide what kind of coverage and premiums this client can expect to pay in order to be fairly and sufficiently insured.
30 POINTS IF YOU KNOW THE ANSWER ASAP!!!!!!
EXPLAIN REASONING
The client should pay a sum determined by the business and how much they have previously been required to pay. Making it fair and anticipating potential outcomes will enable the client to obtain insurance. I think you get the picture.
What is the insurance?Insurance is a tool for risk management. You purchase protection against unforeseen financial losses when you purchase insurance. If something unpleasant happens to you, the insurance company pays you or someone else of your choosing. If an accident occurs and you don't have insurance, you can be liable for all associated expenses.
Risk analysis comes in two primary flavors: qualitative and quantitative. Let's find out more about these two methods. working as an insurance broker, and a company comes to you wanting to insure one of its production factories
Therefore, By the company comes to you wanting to insure one of its production factories. qualitative risk is there
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a competitive firm’s short-run supply curve is its ________ cost curve above its ________ cost curve.
Answer:
marginal and average total
Explanation:
A competitive firm's short run supply curve is the portion of its marginal cost curve that lies above its average total cost curve.
what is the child abuse prevention hotline number
What is globalization in business.
Answer:
the increase in the flow of goods, services, capital, people, and ideas across international boundaries.
according to the behavioral approaches to leadership, how should companies create effective managers?
For companies to create effective managers, companies should: Train managers on task and relationship management.
An effective manager is someone who has the best interest of the company on mind and who has the skills to get things done.
For a manger to be effective it means such manager is task oriented and such person is more concerned on how he or she will more productive and efficient so as to accomplish their task.
Manager should have relationship management skill to build rapport with people or to relate with people regardless of their ethnics, sex, religion.
Inconclusion effective managers should be train managers on task and relationship management.
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In which situation may completion of an approved refresher course or 120 hours of continuing education most likely be required
A practicing nurse who allowed her license to lapse about 7 years ago because of family raising may be required to complete an approved refresher course or 120 hours of continuing education.
A nurse can opt to let their medical license lapse if they want to raise a family since they need to give a full attention.
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Taxes assessed on which single industry form a significant source of income for the state and add an element of unpredictability when projecting future revenues
Considering the macroeconomic analysis, Taxes assessed on the Petroleum or Oil industry form a significant source of income for the state and add an element of unpredictability when projecting future revenues.
This is because the petroleum industry is known for its high generating revenue, which has become a significant export for many countries worldwide.
Some countries that rely on petroleum or oil industry include OPEC countries, Russia, Brunei, etc.
However, given that many technologies are trying to move away from Petroleum energy, and due to its non-renewable nature, the revenue from the Petroleum industry is considered unpredictable.
Hence, in this case, it is concluded that the correct answer is Petroleum Industry.
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The blue curve on the following graph represents the demand curve facing a firm that can set its own prices.
From the graph analyzed in the question, the price will be $100 per unit while the quantity demanded will be 10 units.
From the complete question, the marginal revenue of the fourth unit that is produced will be:
= (160 × $4) - (170 × $3)
= $640 - $510
= $130
The marginal revenue of the eighth unit will be:
= (120 × 8) - (130 × 7)
= 960 - 910.
= $50
Therefore, the marginal revenue of the eighth unit is $50.
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Suppose the customer data analysis software used by ABC Bank is significantly changed, and its documentation is therefore revised, but no new features are added. This type of maintenance is called a _____.
Based on the information given this type of maintenance is called a maintenance release.
A maintenance release is a release which help to make correction on security issues such as threat or vulnerability without modifying or adding new features to the software.
Maintenance release help to fix or repair programming errors that occur during the software life cycle stage or programming error that occur due to mistake during the requirement stage validating process.
Software that are released often undergo a maintenance release so as detect and fix any error or bug that was detected.
Inconclusion this type of maintenance is called a maintenance release.
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Can someone please read this and tell me if it sounds good so far, thanks!
Answer:
I think It sounds great! just make sure to check for punctuation and any run-on sentences :)
Explanation: