If the ________ cost of production for two goods is different between two countries then mutually beneficial trade is possible.

Answers

Answer 1

If the opportunity cost of production for two goods is different between two countries then mutually beneficial trade is possible.

What is opportunity cost?

Opportunity cost is an economist term for expressing cost in terms of foregone alternative.

It is the benefits of second best alternatives (when the first best is chosen) or alternative use of something, which is not decided on (the cost of not using land for farming and using it for building a house instead).

Hence, If the opportunity cost of production for two goods is different between two countries then mutually beneficial trade is possible.

Learn more about opportunity cost here : https://brainly.com/question/481029


Related Questions

Develop a training budget assuming that the trainer is paid $140 per hour, that 8 hours are needed to develop training materials, and that the 5 workers earn $18 per hour including overhead. Present the alternatives in memo form to the business owner, and identify any additional information that should be taken into account when choosing between the two training schedules

Answers

The budget for training can be developed for the five workers as explained below:

What is Budget?

A budget is the calculation or prediction of the cashflows expected to occur in the next period, there are many types of budgets for example, cash budget, sales budget and expense budget.

The budget for the given scenario is calculated as follows.

The trainer will take $140 per hour and training requires 8 hours

$140 * 8hrs = $1,120.

While the workers earn $18 per hour and there are 5 workers, this is a sunk cost as the employees will be paid whether they attend the training or not but while in the training the workers will not be contributing towards the earnings of the company so this will be considered as an expense.

$18 * 5 workers * 8 hrs = $720.

Adding the two expenses provide $1,840   ($1,120 + $720)

Learn more about Budgeting at https://brainly.com/question/27387644

Dole Food Company uses a(n) __________ brand to market the company's entire line of food products, including canned fruits, and packaged salads.

Answers

Dole Food Company uses a family brand to market the company's entire line of food products, including canned fruits, and packaged salads.

What do you mean by family brand?

A family brand is considered as a brand for the products in one or more product lines.

Dole Food Company is an American - Irish agricultural multinational corporation headquartered in Ireland.

The company is the largest producer of fruit and vegetables in the world, operating with 74,300 full-time and seasonal employees who are responsible for over 300 products in 90 countries

Learn more about  Food Company, refer to the link:

https://brainly.com/question/14679383

#SPJ1

David has a credit card with an apr of 13.59% and a 30-day billing cycle. the table below details david’s transactions with that credit card in the month of november. date amount ($) transaction 11/1 1,998.11 beginning balance 11/5 43.86 purchase 11/16 225.00 payment 11/23 61.21 purchase between the previous balance method and the daily balance method, which method of calculating david’s november finance charge will result in a greater finance charge, and how much greater will it be? a. the daily balance method will have a finance charge $1.59 greater than the previous balance method. b. the daily balance method will have a finance charge $0.40 greater than the previous balance method. c. the previous balance method will have a finance charge $0.96 greater than the daily balance method. d. the previous balance method will have a finance charge $2.55 greater than the daily balance method.

Answers

A credit card is a line of credit that can be used to borrow money, option c explains the solution.

What is the basic definition of a credit card?

A credit card is a line of credit that can be used to borrow money to make purchases, transfer balances, and get cash advances, with the understanding that you will repay the money borrowed — plus any interest owed — at a later date.

Option c. The previous balance method will incur a $0.96 finance charge over the daily balance method.

Therefore, option c. explains the credit card.

Learn more about credit cards here:

https://brainly.com/question/2687245

Last year, diana’s boss promised her a big bonus if she met her goals. At the end of the year, after diana had exceeded her goals, she found her bonus was very small. In the future, diana’s _____ will probably be ____.

Answers

Answer:

Brainliest pls

Explanation:

instrumentality; low

Jackie and Carolyn are working together to develop the operating budgets. If Jackie is working on the direct materials budget and Carolyn is working on the direct labor budget, what common information will they both need to complete their budgets

Answers

So of she wants a budget and start a business she should limit herself in money

The common information will they both need to complete their budgets is The direct materials budget which direct labor budget includes the number of units to be produced, the expected labor hours required per unit, and the expected hourly wage rate.

How to calculate the material budget directly?

Direct labor budgets are usually presented monthly or quarterly. The basic budget calculation is to import the number of production units from the production budget and multiply it by the standard number of hours worked for each unit.

To calculate this in units, apply another simple formula. Budget production level for period x. units of direct material required for each unit =

direct material of units required for production.

Learn more about the direct materials budget here: https://brainly.com/question/17135741

#SPJ2

In ________ teams, there is an expectation of increased productivity and quality of work life because employees are delegated greater authority and granted increased autonomy.

Answers

In self managed teams, there is an expectation of increased productivity and quality of work life because employees are delegated greater authority and granted increased autonomy.

What is self managed team?

Self-managed team includes group of people a that work together to render a service or to sell and produce a good.

They do not work under any manage or require managerial supervision.

Therefore, In self managed teams, there is an expectation of increased productivity and quality of work life because employees are delegated greater authority and granted increased autonomy.

Learn more on self managed team

https://brainly.com/question/7199325

Naomi is an entrepreneur of skin care products specializing in face mask. She just started the business and plans to sell only withing her city. If you are Naomi, which pricing strategy do you think would best fit for the product and what distribution channel would you choose?

Answers

The valued pricing strategy is the best pricing strategy and the Direct selling is the best distribution channel for the skin care products.

What is a pricing strategy?

It refers to the method that is used to establish the best price for a product or service.

The valued pricing strategy will help her fix the best price that is proportionate to the value of the Skin care product while the direct selling will connect her directly to her client.

Therefore, the word "valued pricing strategy" and "direct selling" is correct.

Read more about price strategy

brainly.com/question/27124956

Select the type of job best demonstrated in each example.
Jaime works for twenty hours per week as a Food Science Technician.
Solomon's company provides health insurance for him.
Charity is hired as a Mathematician by an employer that requires she have a doctoral degree.
Beth is paid a different amount every week, depending on how much she works.

Answers

Jamie works for twenty hours per week as a Food Science Technician.
it’s the only one that actually says her job!

The type of job that is demonstrated in each example is: Jamie does a part-time job, Solomon is working in a job with benefits, Charity is hired with paid/salaried employment and Beth works mostly on an hourly basis.  

What is a job?

Job is defined as work, especially a particular undertaking carried out within the framework of the usual profession or at an agreed price.

For example, She gave him the task of mowing the lawn. a put up of employment; full-time or part-time position: She turned into searching for a task as an editor.

Thus, The type of job that is demonstrated in each example is discussed above.

learn more about job here:

https://brainly.com/question/3700565

#SPJ2

A project's IRR is independent of the firm's cost of capital. In other words, a project's IRR doesn't change with a change in the firm's cost of capital.
A. True
B. False

Answers

A project's IRR doesn't change with a change in the firm's cost of capital. This is true.

What is IRR?

IRR stand for the Internal rate of return. The internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested.

The cost of capital is not used in calculating the IRR.

To learn more about IRR, please check: https://brainly.com/question/26484024

To make this proprietary information available to sales reps to share with customers concerns Thad because of the risk of information getting to his company's competitors. What would theoretically protect the information in this scenario

Answers

The non-disclosure agreement is an arrangement that prevent any information available to sales representative to be shared to the company's competitor through the customers.

What is a non disclosure agreement?

This is an agreement made in a contract that establishes a confidential relationship between the contracting parties.

In the contract, the party signs that any sensitive information they obtain will not be made available to any others.

Therefore, the agreement is what prevent leak of information to the company's competitors.

Read more about non disclosure agreement

brainly.com/question/19451955

You are troubleshooting a wireless token ring network and use the network's beaconing feature to try to repair the problem. However, once this process finishes, you still have connection issues. What are two potential problems that could be causing the issue? (2 points)

Answers

Answer:

I think using a different feature other than the beaconing feature, like clearing the interface privileged exec command to reset the Token Ring interface and reinsert the router into the ring. and another way is to the open lobe fault message appears on the console at system power-up, check the cable connection to the MAU.

Explanation:

My suggestion is to reset the Token Ring interface and re-insert the router into the ring using a function other than the beaconing capability, such as clearing the interface privileged exec command. Another method is to examine the cable connection to the MAU if the open lobe fault notice shows on the console upon system power-up.

What is WTRP-Wireless Token Ring Protocol?

A medium access control (MAC) protocol for wireless networks is called WTRP (Wireless Token Ring Protocol). In wireless networks, the MAC protocol is crucial for allowing mobile stations to share a single broadcast channel. Due to concealed terminals, a partly linked network design, and random access, the congestion across stations in an IEEE 802.11 network is not uniform.

Quality of service (QoS) is therefore not offered. Bounded latency and reserved bandwidth, which are essential real-time limitations for the applications, are supported by WTRP in terms of assured QoS. WTRP is effective in that it lessens the frequency of retransmissions brought on by accidents. The fact that each station uses the channel for the same length of time makes it fair.

Learn more about WTRP-Wireless Token Ring Protocol here:

https://brainly.com/question/31102461

#SPJ3

Jones Company signed a 5-year note payable on January 1, 2019, of $100,000. The note requires annual principal payments each December 31 of $20,000 plus interest of 5%. The entry to record the annual payment on December 31, 2020, includes:

Answers

The entry to record the annual payment on December 31, 2020, by Jones Company is as follows:

Debit Note Payable $15,000

Debit Interest Expense $5,000

Credit Cash $20,000

How do you record annual payments?

Annual payments can be recorded by debiting the accounts that receive the value and crediting the account that gives value as above.

Data Analysis:

Note Payable = $100,000

Maturity period = 5 years

Date of Issuance = January 1, 2019

Principal repayment plus interest = December 31

Interest rate = 5%

Annual Interest in dollars = $5,000 ($100,000 x 5%)

Note Payable $15,000 Interest Expense $5,000 Cash $20,000

Thus, the entry to record the annual payment on December 31, 2020, by Jones Company is debits to Note Payable ($15,000) and Interest expense ($5,000), and a credit to Cash account ($20,000).

Learn more about recording annual payments at https://brainly.com/question/14290379

Give two examples of products sold in perfectly competitive markets and two examples of products sold in monopolistically competitive markets.

Answers

Apples and oranges are perfectly competitive products, while Ralph Lauren cologne and Maybelline cosmetics are monopolistically competitive products.

Perfectly Competitive Markets and Monopolistically Competitive Markets

A perfectly competitive can be described as a market in which there are many buyers and sellers, no transaction costs, no barriers to entry and leave, homogeneous products, no market control by a single firm, and perfect information about the price of a good.

Two examples of products sold in perfectly competitive markets are Apples and oranges.

A monopolistically competitive market is one in which several producers compete against one another, yet sell items that differ from one another and are thus not perfect substitutes.

Two examples of products sold in monopolistically competitive markets are Ralph Lauren cologne and Maybelline cosmetics.

Learn more about perfectly competitive markets and monopolistically competitive markets here: https://brainly.com/question/7024827.

Jim had a very good quarter at his car lot with net sales reaching just over $456,000. this created a net income of $195,000. if jim's operating expenses last quarter were $23,000, what was his gross profit margin? a. 5.0% b. 37.7% c. 42.8% d. 47.8% please select the best answer from the choices provided a b c d

Answers

The gross profit margin of Jim given the net income and the net sales is 42.8%.

What is the gross profit margin?

Gross profit margin is an example of a profitability ratio. Profitability ratios measures the efficiency with which a company generates profit from its asset.

Gross profit margin = gross profit / net sales

195,000 / 456,000 = 42.8%

To learn more about financial ratios, please check: https://brainly.com/question/26092288

Answer:

c

Explanation:

How has the free enterprise system contributed to technological innovation?.

Answers

Technological innovation has been contributed to by the free enterprise system because people came up with new technologies knowing that they could profit from them.

How has free enterprise driven technological innovation?

The free enterprise system encourages people to go into business and make profit with minimal government interference in their affairs.

This encouraged people to come up with new innovations because they know that they can profit from these for themselves instead of worrying about the government taking their hard earned profit.

Find out more on free enterprise at https://brainly.com/question/3369578.

anyone become my sister only ans indian​

Answers

Answer:

What about me i'm from philippines:<

People had been expecting the price level to be 120 but it turns out to be 122. In response Robinson Tire Company increases the number of workers it employs. What could explain this

Answers

The sticky price theory and sticky wage theory is the best explanation why the price level is 122 instaed of 120 with more employment.

What is the sticky price theory?

This is the theory that teaches that the sellers of goods and services are reluctant to change their prices.

They are reluctant to change prices even though there may be changes in the cost of inputs used in production.

Read more on sticky price theory here: https://brainly.com/question/9426091

Beginning in 2001, one of the goals of the war in afghanistan was to use force to seize oil supplies. contain the spread of communism. weaken the threat posed by al-qaeda. remove saddam hussein from power.

Answers

Beginning in 2001, one of the goals of the war in Afghanistan was to weaken the threat posed by al-Qaeda.

What was the reason behind the Afghanistan war in 2001?

The purpose of the war was to make their nation's government take action against the Taliban and secure citizens from their attacks.

Therefore, the US used its military power to de-terrorize Afghan and make the nation democratic and peaceful.

Learn more about the Afghanistan war here:

https://brainly.com/question/20880923

Answer:

c. weaken the threat posed by al-queda

Explanation:

i just took test edge 2022

Which ad format is available on a Smart Shopping campaign but not a Standard Shopping campaign? certification

Answers

Certification campaign is the ad format is available on a Smart Shopping campaign but not a Standard Shopping campaign.

What is certification campaign?

This certification campaign serves as a subtype campaign that combines Standard Shopping and display remarketing campaigns.

This type of.l campaign uses automated bidding and ad placement to promote your products.

Learn more about certification campaign at;

https://brainly.com/question/9917942

In which type of document do compensation professionals represent the selection and implementation of pay level and pay mix policies over a specified time period, usually one year

Answers

The type of document that compensation professionals use for the selection and implementation of pay level is: Compensation plan.

What is compensation plan?

A compensation plan can be defined as the type of document in which  details of an employee wages including salaries and benefit are included in document over a particular period of time.

Most companies tend to make use of compensation plan  so as to have full details of their employee salary package.

Inconclusion the type of document that compensation professionals use for the selection and implementation of pay level is: Compensation plan.

Learn more about compensation plan here:https://brainly.com/question/25438234

What type of résumé is most often used by someone who is changing careers or who has gaps in his or her employment history?.

Answers

When a person is seeking a career change, or has gaps in their employment history, they should use a functional resume.

What is a functional resume?

This is a type that is designed in such a way as to cater for the needs of those who are changing careers.

It is also useful for those use have gaps in their employment history, or are looking to join the workforce.

Find out more on types of resumes at https://brainly.com/question/13516881.

In 1970, ______ percent of Americans were considered middle-class (with household incomes between two-thirds to two times the national median income) whereas only ______ percent fell into that category by 2015.

Answers

In 1970, 62 percent of Americans were considered middle-class (with household incomes between two-thirds to two times the national median income) whereas only 50 percent fell into that category by 2015.

What is the middle class?

The middle class is one of the social classes in an economy.  

The middle class is described as belonging to "households whose annual incomes are not less than two-thirds to double the U.S. median household income."

In the middle class, we find professional and business people and their families.  It is the most critical class in an economy.

Thus, research shows that the middle class has been shrinking since the 1970s.

Learn more about the middle class at https://brainly.com/question/26245041

When Dunkin’ Donuts participates in National Donut Day by giving away a free classic donut, it is using which channel of IMC strategy?

Answers

When Dunkin’ Donuts participates in National Donut Day by giving away a free classic donut, it is using which channel of IMC strategy?

   ⇒ public relation advertising

Hope that helps!

Simon bought a computer and made monthly payments. by the end of the month, simon had no money left for groceries. which step in the decision-making process should simon now take? taking action. making a decision. evaluating results. gathering information.

Answers

The less the money left by Simon at the end of the month after the monthly payments made him take the step of evaluating the results.

What is the five-step problem-solving process?

The five-step problem-solving has been given as the step that enables the person to evaluate the problem and find the solution. The steps involved are:

Evaluate the problemSearch alternativesFind the best alternativeMake the decisionEvaluate the result

The step taken to Simon to buy the computer has been the decision-making, thus after the monthly payment, Simon had to evaluate the result of his decision. Thus, option C is correct.

Learn more about problem-solving, here:

https://brainly.com/question/3418829

Answer:

C. Evaluating Results

Explanation:

edge

Ensuring that policies and procedures facilitate good strategy implementation and execution is an important managerial task because\

Answers

In managerial task, policies and procedures help to facilitate good strategy implementation and execution because they place boundaries on independent behavior.

Who is a manager?

A manager can be defined as an individual who has been trained to provide guidance, support, administrative control, and supervision to the employees who are working in a business organization, especially by being morally upright, well behaved and promoting the business's vison, culture, and values at all times.

As a managerial task, a manager should develop policies and procedures so as to facilitate good strategy implementation and execution because they place boundaries on independent behavior while providing a top-down guidance on how certain things should be done in a business organization.

Read more on managers here: https://brainly.com/question/24553900

Expansionary fiscal policy involves a. increasing taxes or decreasing government purchases. b. increasing the money supply and decreasing interest rates. c. decreasing the money supply and increasing interest rates. d. increasing government purchases or decreasing taxes.

Answers

In Economics, expansionary fiscal policy involves: B. increasing the money supply and decreasing interest rates.

The types of fiscal policy.

Generally, there are two (2) main types of fiscal (monetary) policy that are used across the world and these include the following:

Contractionary fiscal policy.Expansionary fiscal policy.

In economics, an expansionary fiscal (monetary) policy is a type of policy that involves an increase in money supply while decreasing interest rates. Thus, it can be used by the government to increase the amount of credits that is available within a particular country's economy and at a specific period of time.

Read more on monetary policy here: https://brainly.com/question/13926715

Xavier is developing a media plan to derive maximum results from his media expenditures. Xavier is using _______ to go beyond human ability to make media decisions by matching the target audience to the right media selection for an effective plan.

Answers

Based on the fact that Xavier is using a media plan and want so get the best results, he makes use of artificial intelligence to make the best decisions.

What is Artificial Intelligence?

This refers to the use of computer systems that are able to perform tasks without human command such as speech recognition, decision-making, etc.

Hence, because we are told that Xavier is going beyond human ability with his media decisions to control his expenditures, we can infer that he is making use of artificial intelligence.

Read more about artificial intelligence here:

https://brainly.com/question/25523571

The more money you invest in a 401k the ___ you will have when you retire
A. More time
B. More money
C. Less time
D. Less money

Answers

The more money a person invest in a 401k, the more money he will have when he retires.

What is 401k?

A 401(k) plan is a defined-contribution pension account sponsored by an employer and defined in section 401(k) of the Internal Revenue Code. This is the plan of the United States.

Employee money is deducted directly from their paycheck, and the company may match it. Traditional 401(k)s and Roth 401(k)s are the two varieties (k).

Here the employee receive more money when he retires, and before that he will have to invest more in 401k plan.

Therefore, the employee should have invested more to receive more money at the time of his retirement.

Learn more about the 401k plan, refer to:

https://brainly.com/question/23895070

#SPJ1

When a primary dealer sells a government bond to the Federal Reserve, reserves in the banking system ________ and the monetary base ________, everything else held constant.

Answers

When a primary dealer sells a government bond to the Federal Reserve, reserves in the banking system increase and the monetary base increase, everything else held constant.

What happens when a primary dealer sells a government bond to the Federal Reserve?

When a primary dealer sells a government bond to the Federal Reserve, it is known as an expansionary monetary policy. An expansionary monetary policy is a policy that increases the money supply in the economy.

An expansionary monetary policy can either be :

reducing reserve ratio an open market sale

To learn more about monetary policies, please check: https://brainly.com/question/25716528

#SPJ1

Open market purchases raise the ________ thereby raising the ________.

Answers

Open market purchases raise the monetary base thereby raising the money supply.

Other Questions
Find the minimum value of y given that y = 2x^2+ 6x + 2. Determine whether each of the following is a characteristic of a protist, fungus, or both. Unicellular Stationary Reproduces through spores Eukaryotic Cilia Autotrophic Ecriver une expression ecrite you get branliestRegles:Commence ainsi : Ma chre Fe, dit Pinocchio, je suis si heureux de vous revoir ! Cest grce vous que je suisdevenu un vrai petit garon. Sachez que jai bien employ les quarante sequins dor que vousmaviez donns...Consignes :1. Tu criras au moins vingt lignes.2. Tu rdigeras ton rcit principalement au pass compos.3. Tu feras plusieurs paragraphes.4. Tu concluras ton texte par les remerciements de Pinocchio envers la Fe.5. Tu soigneras lexpression et lorthographe. (15 points) How many circles do i draw, like in what order What differences are there in mindset, habits, and approach between finding a job andstarting a job? please help me im suck At a distance of 10 km from a radio transmitter, the amplitude of the electric field is 0. 20 volts/meter. What is the total power emitted by the radio transmitter?. Why is it that mutations tobody cells do not affect offspring? What changes must humans make to protect the environment square root (5/6)^2 help i need it fast Which of the following is a goodexample of the kind of open-ended question you would want touse in an interview?A. Can you describe your trip to Spain?B. Did you like going to Spain?C. You had fun in Spain, right? What is the solution to the equation below? Round your answer to twodecimal places.In x=-3O A. x= 0.45O B. x = 0.05O C. x= -1.09D. x= -20.09 Read the excerpt from part one of trifles. mrs. hale (examining the skirt). what does the word ""examining"" mean in the stage direction? checking for flaws looking very closely searching for clues seeking solutions Can someone pleast help me with thiscan you right a opening paragraph stateding why kids should do sports please, thanks! Find the volume please 20 x 20 divided by 53 x z z=12 This week Gap is offering 40% off all shirts and 50% off all shorts. Katie purchased 3 shirts for $25.65 and one pair of shorts priced at $22.80. About how much did Rebecca pay for the sweaters and jeans before tax? What does Murphys use of the word firsthand suggest about how many doctors in Philadelphia formed their opinions?a. They thought the sickness was yellow fever because Dr. Rush said it was.b. They thought the sickness was yellow fever because they had read about the symptoms.c. They did not think the sickness was yellow fever because they had not personally treated any victims.d. They did not think the sickness was yellow fever because no laboratory tests had proven it was. The codes found in DNA, for an organism's traits, are copid by the cells m-RNA by producing special units called codons.These codons are represented by... A. Four random nitrogenous bases B. An anti-codon called t-RNA C. Base pairs A-T and C-G D. Three nitrogenous bases in a sequence Simplify the expression-6 +4x+ 9 -2x