The theory of comparative advantage indicates that a. a country should sell to other countries the products
Question:
The theory of comparative advantage indicates that
a. a country should sell to other countries the products it produces most efficiently and buy from other countries the products that it cannot produce as efficiently.
b. international trade will force domestic businesses to lose market share to foreign competitors.
c. countries that participate in international trade will have a higher standard of living.
d. a limit is placed on the amount of goods and services that can be traded
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
The theory of comparative advantage indicates that a a country should sell to other countries the pr...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Better Business
ISBN: 9780134522746
5th Edition
Authors: Michael Solomon, Mary Poatsy, Kendall Martin
Question Posted:
Students also viewed these Business questions
-
MCQ questions: 1. An increase in oil prices, such as the oil shocks in the 70s, lead to _______ thereby causing ________ a movement along the AS curve; cost-push inflation a leftward shift in the AS...
-
For more than two centuries, many economists have advocated free trade among nations as the best trade policy. Adam Smith and David Ricardo were pioneers of the argument for free trade. They...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
A firm has four service centers, S1, S2, S3, and S4, which provide services to each other, as well as to three operating divisions, A, B, and C. The distribution of each service centers output as...
-
What has been the financial incentive for the high-tech companies to agree not to recruit from one another? If the arrangement had not been challenges in court, would you consider them ethical? Why...
-
The following are 42 consecutive pizza breads baked by a newly improved oven model during 6...
-
a. Zero bending moment b. Zero transverse displacement c. Zero shear force d. Zero slope \(W^{\prime \prime \prime}=0\)
-
Irrigate Smart Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On February 17 of the current year, Irrigate Smart Inc. reacquired 50,000 shares of its common...
-
Using economic analysis, fully explain how both private efficiency and social efficiency operate in a tort system of legal rights and remedies. In your answer, fully explain how private costs, social...
-
Which of the following are examples of regional free-trade agreements? a. European Union, NAFTA, and APEC b. The Euro, the IMF, and GATT c. WTO and GMO d. SWF, EU and KFC
-
Ethnocentrism is a belief that a. ethics are central to doing well in business. b. the value of commerce changes in different societies. c. all cultures should be respected equally. d. can lead to...
-
Listed below are four possible input combinations for producing 2,000 units of a mens watch. Two of the input combinations are technically efficient. Required: 1. Identify the technically efficient...
-
Suppose Alfred is offered an insurance plan with a r=$10,000 and a q=$30,000. a.) Is this plan full or partial? b.) Is this plan fair or unfair?
-
Explain with detail how the overturn of Roe V Wade impacted global business and international business? Provide sources used.
-
Human Rights, Sex Trafficking, and Prostitution by Alice Leutchag. End Demand: End Demand Campaign (Links to an external site.) Clip is on home page of website. Read the article and watch the clip...
-
To be a case manager provide a detailed short summary including your intentions and goals and the type of opportunities that are helpful for securing a position as a case manager. Write it in the...
-
Suppose Andrew is deciding on buying a new bike for exercise. There are three periods: Period 0 Andrew decides whether to buy the bike or not. The cost of the bike is equal to P utility units....
-
AIG, which received more than $170,000,000 in taxpayer bailout money from the U.S. Treasury, planned to pay $165,000,000 in bonuses to its executives in 2009. Requirement 1. Suppose you were one of...
-
Cleaning Service Company's Trial Balance on December 31, 2020 is as follows: Account name Debit Credit Cash 700 Supplies Pre-paid insurance Pre-paid office rent Equipment Accumulated depreciation -...
-
Should nonprofit organizations be viewed principally as businesses with a social purpose, or are they inherently different from for-profit companies?
-
Should philanthropic foundations change their current focus of funding nonprofit organizations based on the results of the programs provided to one of funding organizations that best demonstrate an...
-
Read Yusuf (Wie) J. & Sloan, M.F. (2015). Effectual Processes in Nonprofit Start-Ups and Social Entrepreneurships: An Illustrated Discussion of a Novel Decision-Making Approach by Juita-Elena (Wie)...
-
When full sunlight is available, a solar panel gathers 8 0 0 W / m 2 . The panel has an area of 2 . 5 m 2 . If electricity is valued at 8 cents per kilowatt - hour, how many hours of full sunlight on...
-
A 2 . 5 C charge is moved 0 . 3 m west through a uniform electric field from point A to point B . The charge gains 1 5 0 J of electrical potential energy during this motion. What is the change in...
-
1) You are swinging a bucket full of water in a vertical circle. The radius of the circle is 150 cm and the bucket and water have a total weight of 30 N. When the bucket is at the bottom of its...
Study smarter with the SolutionInn App