An economy has a comparative advantage if it can produce a certain good or service at a lower opportunity cost than its trading partners. Trade is favourable for firms, governments, and people alike, according to the comparative advantage principle.
The correct answer is option c.
If an agent can produce a specific good at a lower relative opportunity cost or autarky price—that is, at a lower relative marginal cost before trade—than their competitors, they have a comparative advantage over them in the economy. What you accomplish best while also sacrificing the least is your comparative advantage. If an economy can produce a particular good or service at a lower opportunity cost than its trading counterparts, it has a comparative advantage.
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One way that consumers can help prevent a decrease in the number of fish species that are experiencing population declines is to responses?
Answer:
eat fish that are caught using sustainable harvesting methods, therefore ensuring fish populations remain stable and reducing the amount by catch harvested
Explanation:
walmart has the largest revenue. if walmart is excluded from the list, which measure of center would be more affected? if walmart is excluded from the list, the measure of center that would be more affected is the
If walmart is excluded from the list, the measure of center would be more affected is mean. Excluding Walmart from the data set would therefore significantly reduce the overall mean, and would likely have a bigger impact on the mean than it would on the median or mode.
The mean is heavily influenced by extreme values (also known as outliers), and the revenue of Walmart is likely one of the largest values in the data set. When a data set contains outliers, or values that are significantly larger or smaller than the majority of the other values, the mean is often affected more than the median or mode. This is because the mean is sensitive to extreme values, and a single large value can significantly increase the overall mean. In contrast, the median is not affected as much by outliers because it is based on the middle value of the data set, and not the sum of all the values.
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on september 1, 2018, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2020. in 2020, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?
Steve's income tax return needs to account for $508.80. Return on income taxes = 12% 2000 + 12/100(2000+12/100×2000) =$508.80
What does the term "sales tax" mean?Sales taxes are consumption levies that local or state governments apply to the cost of products and services that consumers purchase. It is the responsibility of a corporation to collect sales tax and pay it to the government when there is some form of connection to the jurisdiction.
What constitutes a sales tax, for instance?Think about this sales tax illustration. You want to know how much your purchase will cost after taxes before you pay at The Clothing Boutique. Your cart's combined cost, after adding up all the prices of the products, equals $100.
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when preparing a loan estimate, commissions of real estate brokers or agents are listed in what subsection?
When preparing a loan estimate, commissions of real estate brokers or agents are typically listed in the "Services You Cannot Shop For" subsection.
A loan estimate is a document provided by a lender to a borrower, outlining the terms and costs of a mortgage loan. It includes an itemized list of all the fees and charges that are required to obtain the loan. The "Services You Cannot Shop For" section lists items that the borrower is required to pay for but cannot shop for or negotiate, such as the commission for a real estate broker or agent. The commission amount is determined by the terms of the sales contract and is usually a percentage of the sale price of the property. It is included in the loan estimate so the borrower is aware of all the costs associated with obtaining the mortgage loan and can make an informed decision.
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Which three best practices can help a project manager approach change management on their project? Mobilize active and visible executive sponsorship.
Apply a structured change management approach.
Communicate frequently and openly.
Engage with front-line employees.
Planning, openness and honesty, communication, and employee involvement are some of the greatest change management techniques, although there are many other ways leaders can handle change.
What is Change Management?All methods of assisting teams, individuals, and organizations in undergoing change are together referred to as "change management." There are many reasons why things change, such as: advancements in technology, internal process evaluations, crisis management, shifts in client demand, pressure from the marketplace, acquisitions and mergers, and organizational restructuring. Budgets, resources, business processes, and operations in general may all need to be redefined or moved in order to accommodate such change. Organizational change management (OCM), in contrast to change management, focuses on the whole organizational change of a corporation or business. Change management often mainly discusses how individuals and teams are impacted by changes within the organisation.
What are the 3 issues in change management?Gaining buy-in, monitoring project health, and evaluating change management efforts can be the three main obstacles that change managers must overcome when steering an organization through a period of transition.
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anything for which a manager would like to know the cost?
The cost that anything for which a manager would like to known is known as cost object. Cost object also can be defined as manufacturing activity either products or services to which costs to be assigned.
In economic and business organization, A manager generally can be defined as a person who is responsible for a part of a business or organization, this may include supervising and managing a group of people. Manager has several roles, such as managing staff; planning and evaluating department activities, and also maintains staff by recruiting, selecting, orienting, and training employees. In economic and business, The management generally can be defined as a single or group of individuals who challenges and oversees a person or collective group of people in efforts to accomplish desired goals and objectives. Management has a function and main role to plan, organize, monitor and also direct individuals. In economic and business.
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how long does it take to get an amended tax return
The current processing period for revised returns filed on paper and electronically is more than 20 weeks. Additionally, contacting the IRS won't hasten the processing of your tax return.
The tool makes it simple to monitor the progress of an IRS tax refund. It is accessible at any time via the IRS2Go App or IRS.gov. After receiving an e-filed return, taxpayers have 24 hours to start monitoring the status of their refund.
The IRS still anticipates issuing more than nine out of ten refunds in very little than 21 days, providing that you file properly, depending on direct deposit, and experience no problems with your return, according to the most accurate information available.
The IRS has successfully opened its systems and is currently accepting and processing tax returns for the year 2022. The majority of individual tax returns are anticipated to be submitted before the April 18 closing date for the 2022 tax year.
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how have tariff rates for manufactured goods been affected by the global efforts of gatt?
The average tariff rate for manufactured goods has decreased dramatically since 1950 and is currently 1.5 percent as a result of GATT agreements.
In the years following World War II, the GATT was viewed as a tremendous success. When determining tariffs, the majority of countries used the most-favorable-nation approach, which mainly supplanted quotas.
In response, tariffs—which are preferable to quotas but are nonetheless a trade barrier—were slowly reduced in rounds of subsequent discussions. By imposing a levy on imported goods that is paid by the domestic importer, tariffs raise the cost of goods and services in domestic markets. The domestic importer then raises the prices for the goods and services to meet the increased expenses.
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FILL IN THE BLANK. As a person receives more of a good, the _______ from each additional unit of the
good declines.
A. utility
B. sunk costs
C. marginal utility
D. budget constraint
C. Marginal utility refers to the additional satisfaction or benefit that a person derives from consuming one more unit of a good. The marginal utility from each extra unit of a good decreases when a person obtains more of it. This concept is known as the law of diminishing marginal utility.
For example, if a person eats one chocolate, they may derive a lot of satisfaction from it. However, if they eat two or three chocolates, the satisfaction derived from each additional chocolate may decrease. This is because the person's hunger has been satisfied to some extent and they are now getting less and less satisfaction from each additional chocolate they consume.
The law of diminishing marginal utility is important for understanding consumer behavior and the demand for goods. It suggests that consumers are more likely to purchase more of a good at lower prices and less likely to purchase more at higher prices. This is because the marginal utility of a good decreases as a person consumes more of it, and they are more likely to be sensitive to changes in the price of a good that they have a lot of experience with.
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The availability of resources affects each of the economic questions.
O True
о
O False
will permanent differences cause the effective tax rate to be lower than the statutory rate?
The statutory tax rate and the effective tax rate will diverge due to a persistent discrepancy. Additionally, unlike transitory discrepancies, which create deferred taxes.
The permanent difference does not because it will never be removed. The tax rate imposed by the law on taxable income that is subject to a particular tax band is known as the discrepancies tax rate. The percentage of income that a person or business actually pays in taxes after accounting for tax credits is known as the effective tax rate. By subtracting the actual income tax expense from the actual net income of the business, an effective tax rate is determined.
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approximately what percent of u.s. businesses have some form of remote work program? group of answer choices
In the real life, there are remaining 10 percent of employers and 3 percent of workers are completely remote. In the other hand, Almost 30 percent of private-sector employers, making up most of the other half of the U.S. workforce, allow some work outside the office.
In economic and business, work from home or also known as Remote work, or also work from anywhere, generally can be defined as an employment arrangement in which employees do not commute to a central place of work, such as an office building, warehouse, or retail store. In the economic sector, remote work also can be defined as telework, remote job, mobile work, and distance work.
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95) bankruptcies must be reported on the loan application if they have occurred within the past: True or false?
This is true that bankruptcies must be reported on the loan application if they have occurred within the past.
Bankruptcy is a legal proceeding for people who are are unable to repay their debts so they show report on the loan application if they have occurred within the past.
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It’s possible to have a high credit score even if you don’t earn much income.a. Trueb. False
The statement "It’s possible to have a high credit score even if you don’t earn much income" is true. It is because the higher or lower income that we have is does not influence the credit score.
In the term of business and financial economic, A credit score generally can be defined as a numerical expression based on a level analysis of a person's credit files. The credit score has a function to represent the creditworthiness of an individual. In the credit score principle, the higher or lower income that we have is does not influence the credit score.
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If the current interest rate increases, what will happen to the interest rate and price of previously issued bonds?Interest Rate; Pricea)Interest rate decrease; price decreaseb)Interest rate decrease; price increasec)Interest rate increase; price increased)Interest rate increase; price decreasee)Interest rate constant; price decrease
Option d is correct. Bonds are inversely related to interest rates. Typically, when borrowing costs rise (interest rates rise), bond prices fall and vice versa.
Most bonds pay fixed interest rates, but lower interest rates make them more attractive, driving up demand and bond prices. Conversely, if interest rates are rising, investors will dislike lower fixed-rate bonds and prices will fall.
Fixed income investors, like all investors, tend to seek the best possible returns. To achieve this goal, they usually have to keep an eye on the fluctuations in borrowing costs.
A simple way to understand why bond prices move in the opposite direction of interest rates is to create zero-coupon bonds that do not pay periodic interest and instead derive all their value from the difference between the purchase price and the par value paid. to see. Mature.
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the key to determining if a business will implement any policy is?
The success of any business depends on the policies that it implements and follows. A good policy can enhance the efficiency, productivity and overall performance of the company while a poorly devised one can lead to major setbacks. Thus, determining the potential of a business to implement any policy is crucial.
The first factor to consider is the leadership of the company. The top management should have a clear vision for the business and should be committed to the implementation of policies that align with this vision. They should also have the necessary resources and support to enforce the policies effectively.
Another key factor is the culture of the organization. If the employees are not supportive of the policies, it becomes difficult to implement them. Hence, it is important to involve employees in the policy-making process to ensure their buy-in and participation in implementation.
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What are the 3 things to always consider in adjusting entries?
Prepayments, accruals, and non-cash expenses are the three main categories of adjusting entries that need to be made at the conclusion of the accounting period.
What do we mean by journal entries?A journal entry is an act of recording any transaction, whether it is economic or not.
An accounting diary that displays the debit and credit balances of a corporation lists transactions.
Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
The amount of the debits and credits must be equal in order for the journal entry to be declared balanced.
The three basic types of adjusting entries that need to be made at the end of the accounting period are prepayments, accruals, and non-cash expenses.
These can be divided into five categories: Accrued Revenue, Accrued Expenses, Unearned Revenues, Prepaid Expenses, and Depreciation/Depletion.
Therefore, prepayments, accruals, and non-cash expenses are the three main categories of adjusting entries that need to be made at the conclusion of the accounting period.
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What is the best example of direct finance?
Answer: good question and I have 2 good answers for you :)
1. corporation directly buys newly issued commercial paper from another corporation; A household buys a newly issued government bond through the services of a broker (no asset transformation).
2.You go to your personal bank and get approved for a loan. Then, you shop for your next vehicle in either local dealerships or private sellers. Some dealerships offer 'buy-here, pay-here loan options, which is often the last resort for shoppers with bad credit.
Explanation:
When you apply for a car loan directly through a lender, like a bank or financial institution, you are said to be using direct financing. Here, the lender will provide you a single.
Specially tailored loan that you may use to look around at several dealerships. When a financial institution, such a bank or credit union, collaborates with other businesses to offer customers financing alternatives for expensive things like cars or houses, that is an example of indirect finance loan in action. When you apply for a car loan directly with the lender, this is known as direct financing. Typically, this entails making a direct application through a bank or financial institution.
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How long after state accepts return is it deposited?
The federal refund generally will be received by taxpayers after 8 until 21 days after federal state accept our return. It is the estimates for a e-file and direct deposit especially.
In the economic and financial accounting, The term tax refund generally can be defined as a reimbursement made to a taxpayer for any excess amount paid in taxes to the federal or state government. In a simple words, federal refund also can be defined as a refund that will be received by taxpayers when they have paid too much, or a tax bill, or also they haven't paid enough in taxes throughout the year (most full-time employees receive tax refunds).
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you are the project manager for a large organization, and often manage several projects simultaneously. one of the projects that you are currently working on is nearing completion, and you have already attained formal acceptance of the deliverables from the customer. one of the remaining tasks is to complete the collection of lessons learned. you have already collected a large assortment of information relating to the project. which of the following information is contained in the lessons learned documentation? answers a. procurement file b. work performance information c. final project report d. stakeholder feedback
You are the project manager for a large organization, and often manage several projects simultaneously. Stakeholder feedback is contained in lessons learned documentation.
The lessons learned documentation is a critical component of project management that captures the experiences, successes, and challenges encountered during the project. It is used to improve future projects by providing insights into what worked well, what didn't work well, and what could be done differently.
The lessons learned documentation typically includes information such as:
Stakeholder feedback: This includes feedback from the customer, team members, and other stakeholders on the project's performance, success, and areas for improvement.Work performance information: This includes data on the project's progress, budget, schedule, and resource utilization.Procurement file: This includes information on the procurement process, such as contracts, supplier performance, and risk management.Final project report: This provides a comprehensive overview of the project's goals, deliverables, and results, including any significant achievements or challenges.To know more about stakeholders, visit: https://brainly.com/question/28625232
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Tom is 36 years old and has never been married. Frank, age 13, is tom's nephew who lived with him all year. Tom provided all of his support and provided over half the cost of keeping up the home. Tom earned $44,000 in wages. Tom is blind and cannot be claimed as a dependent by another taxpayer. Tom and frank are u. S. Citizens, have valid social security numbers, and lived in the u. S. The entire year.
The most advantageous filing status allowable that tom can claim on his tax return for 2022 is that Tom can claim a higher standard deduction because he is blind.
What is a tax return?
The completion of a tax return is the documentation that determines the amount of income earned by an entity or individual and the taxes that must be paid to the government or government organizations, or, potentially, back to the taxpayer. One of the largest sources of revenue for the government is taxation.
A person must submit an Income Tax Return (ITR) form to the Indian Income Tax Department. It includes details about the individual's earnings and the yearly taxes owed.
Since Tom provided all of his support and provided over half the cost of keeping up the home. tom earned $44,000 in wages, he is blind and cannot be claimed as a dependent by another taxpayer. He can make a deduction based on this.
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the firm has never paid a dividend on its common stock, and it issued $2,400,000 of 10-year, non-callable, long-term debt in 2013. as of the end of 2014, none of the principal on this debt had been repaid. assume that the company's sales in 2013 and 2014 were the same. which of the following statements must be correct? a. the firm repurchased some common stock in 2014. b. the firm issued new common stock in 2014. c. the firm issued long-term debt in 2014. d. the firm increased its short-term bank debt in 2014.
Option b: The firm issued new common stock in 2014. The correct statement is the firm issued new common stock in 2014.
Stock dividends are dividends paid to shareholders in the form of additional shares of a company.
Stock dividends are not taxed until the owner sells the stock.
Similar to stock splits, stock dividends dilute the stock price as additional shares are issued.
They do not affect the company's value.
Companies may choose to pay dividends in stock rather than cash to conserve cash reserves.
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True or false? the medical assistant should let ms. Rainwater know only three visits have been approved by the insurance company to see dr. Bronchi.
The statement that ''The medical assistant should inform Ms. Rainwater that the insurance company has approved only three visits to see Dr. Bronchi'' is false.
The medical assistant should also explain that if additional visits are needed, there may be additional charges that would be the responsibility of Ms. Rainwater.
The medical assistant should also explain that if Ms. Rainwater wishes to continue treatment beyond the three visits that have been approved, she will need to contact the insurance company to see if additional visits will be authorized.
The medical assistant should also explain that if the insurance company does not approve additional visits, Ms. Rainwater will be responsible for any additional medical costs. The medical assistant should also advise Ms. Rainwater to keep all documentation of visits and costs for future reference.
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you would like your database to automatically update when you update your spreadsheet you should ?
If you would like a database to automatically update when you update your spreadsheet, you should link them to other file. You can directly link it with an external source.
What is a database?A database is an information that is set up for easy access, management and updating. Computer databases typically store aggregations of data records or files that contain information, such as sales transactions, customer data, financials and product information. Databases are used for storing, maintaining and accessing any sort of data. They collect information on people, places or things.
That information is gathered in one place so that it can be observed and analyzed. Databases can be thought of as an organized collection of information.
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glenoak corp. is conducting an analysis to determine which strategies would best enable the firm to achieve above-average returns. how might the firm best make use of the different models available to select strategies and determine how to implement them?
In order to concentrate on both internal and external elements at once, the company should adopt both the I/O model and the resource-based model.
What is the I/O model?
A model created to aid in our understanding of the industrial organization is known as the industrial organization (I/O) model.
A subfield of economics in industrial organization. It investigates how businesses are organized and the markets in which they compete. For businesses to choose the best strategic course, understanding these principles is essential. The literature on monopolistic competition is where the industrial organization (I/O) paradigm originates. The industry environment has a significant impact on strategies in the I/O model. It is most likely to determine the firms’ strategic behavior, and activities to deploy. The competitive advantage that results from these actions.
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the government of nation c operated at a $32 billion deficit this year. the deficit suggests that nation c's tax system is:
This year, nation C's government had a $32 billion deficit. The deficit hints at ineffective taxation in nation C.
Describe the tax system?In order to ensure that taxpayers are paying the proper amount of tax at the proper time and obtaining the proper tax allowances and tax reliefs, tax system refers to both policy actions and individual behaviour.
What kind of taxes system does India have?Direct taxes and indirect taxes are the two categories of taxes in India. Although both individuals and companies are subject to direct tax assessments on taxable income, it is the assessees' duty to deposit taxes.
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suppose a firm in a competitive market produces and sells 150 units of output and earns $1,800 in total revenue from the sales. if the firm increases its output to 200 units, the average revenue of the 200th unit will be a. zero. b. $12. c. less than $12. d. more than $12.
A firm in a competitive market produces and sells 150 units of output and earns $1,800 in total revenue from the sales. if the firm increases its output to 200 units, the average revenue of the 200th unit will be $12 [b].
When a business doubles its input and discovers that its outcome is greater than doubled, this is referred to as a?
A company is considered to have constant scale returns if all of its inputs rise by a certain proportion, followed by an equal increase in output. A company would have constant returns to scale, for instance, if it doubled its workforce and all other inputs before doubling its output.
In a competitive market, a company produces and sells 150 pieces of output, generating $1,800 in total income. The 200th unit's average revenue, if the company expands its output to 200 units, will be $12.
Therefore, A company in a competitive market doubles its sales while maintaining the same price, doubling its overall revenue.
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the managers at du pont de nemours and company expect a profit of $2.9 billion in 2012. does this mean that du pont’s expected economic profit will equal $2.9 billion? why or why not?
Du Pont de Nemours and Company, a large multinational conglomerate, is expected to make a profit of $2.9 billion in 2012. However, it's important to understand that this expected profit is not equal to Du Pont's expected economic profit.
Economic profit is a measure that takes into account both explicit costs, such as wages and raw materials, and implicit costs, such as the opportunity cost of using capital that could be invested elsewhere. In other words, it is the difference between the revenue generated by a company and the cost of all the resources used to generate that revenue.
The managers at Du Pont de Nemours and Company expect a profit of $2.9 billion in 2012, which only represents the company's explicit costs. It does not take into account any implicit costs.
Therefore, it is incorrect to say that Du Pont's expected economic profit will equal $2.9 billion. In order to determine Du Pont's expected economic profit, we would need to subtract the implicit costs from the expected profit. It is possible that the implicit costs could be substantial, resulting in a lower economic profit than the expected profit reported by the managers.
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What is included in manufacturing overhead applied?
To calculate manufacturing overhead, you must add up all indirect expenses related to a product's manufacturing. This covers the price of depreciation, factory supplies, electricity.
Insurance, maintenance to machines, indirect materials and labour, and more. A manufacturing overhead expense that has been applied to units of a product's during a particular time frame is referred to as applied manufacturing overhead. Direct labour hours are frequently used as a basis for calculating the predefined overhead rate. Therefore, if your employee spends three hours working on the product and your allocation rate is $25, your applied manufacturing overhead for this product would be $75.
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what led luca to purchase the bike? select all that apply. luca clicking on the ad and arriving at the right page the enticing headline on the text ad the advertiser creating a search campaign luca seeing the bike in the store and revisiting the website to find it online
Luca clicked on the ad and arrived at the right page the enticing headline on the text ad the advertiser created a search campaign Luca saw the bike in the store and revisited the website to find it online
Is website advertising effective?
Because people search for new businesses online every day, online advertising is an excellent way to reach out to new potential customers. Online advertising isn't just for large corporations. Small businesses, too, can benefit from simple and powerful tools.
Website Advertising refers to digital marketing that is sent or displayed to you on third-party online platforms or websites that we believe are relevant to you based on your interests.
Therefore, all of the above options led Luca to purchase the bike.
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