In order to maximize output, Company R should abandon the production of jam to fully specialize in the production of peanut butter and then trade with Company Q for jam.
A corporation or even a nation should specialize in manufacturing only those goods that they can create better than their rivals, i.e., have a comparative or absolute advantage in their production, according to several views about trade specialization.In this instance, Company R should focus solely on producing peanut butter because it has a comparative advantage in doing so. They should trade with Company Q to obtain jam if they are in need of any. Due to their competitive advantage in jam production, Company Q will eventually just produce jam.Which of the following could cause an increase in the demand for peanut butter?Demand changes when one of the demand's non-price determinants changes. Since peanut butter is a common item, demand will rise as the number of consumers increases, consumer incomes rise, and prices are anticipated to rise in the future.Why would an increase in the price of peanut butter cause a decrease in the demand for jelly?The jelly demand curve will move to the left (decrease). You would purchase less peanut butter if its price rose, thus you would also purchase less jelly (since they are complements).Learn more about food Technology here:
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the ability to produce a good or service at a lower overall cost.
A) absolute advantage
B) fiscal policy
C) contractionary policy
D) comparative advantage
E) monetary policy
F) expansionary policy
Plss help
Answer:
D) comparative advantage
Explanation:
The term used in describing the ability to produce good or service at lower overall cost is known as?
The requirement in this case is to distinguish between absolute advantage and comparative advantage, the former means the ability to produce more goods or services than a counterpart whereas the latter means producing at the lower opportunity cost.
Note that costs in Economics means both implicit(opportunity costs) and explicit costs(out of pocket expenses), in essence, a product with only implicit costs would only consider opportunity costs as overall costs.
Overall, the correct option is comparative advantage.
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Upward and downward changes in aggregate economic activity, as measured by GDP, are called: Group of answer choices
Upward and downward changes in aggregate economic activity, as measured by GDP, are called Business cycles.
What is Business cycles?Business cycles can be regarded as the cyclical upswings as well as the downswings that is been used in in the broad measures of economic activity.
Therefore, Business cycles is Upward and downward changes in aggregate economic activity, as measured by GDP.
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an investor is close to retirement and wants a short-term, low-risky investment with low liquidity. which investment meets these requirements?
The investment that meets these requirement is : Treasury bills
What are Treasury Bills ?A low risky investment with low liquidity and can be held for a short term is Treasury bills are one of the safest investments that can held for a short period ( A few days to 52 weeks ),They are better investment opportunities for investors close to their retirement.
Treasury bills have low returns on investment when compared to other investments.
Hence we can conclude that The investment that meets these requirement is : Treasury bills
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One of the problems unions are experiencing today is the reluctance of autoworkers in southeastern United States to join unions. In a few instances, when the Auto Workers Union (AUW) gathered enough employee signatures to call for a union certification election, the employees have voted against unionization. Who conducted this election
The National Labor Relations Board onducted this election.
Elections for workers to select whether they wish to join a union or be represented by one must be held, according to the National Labor Relations Board's authority granted under the National Labor Relations Act of 1935.The Auto Workers Union (AUW) had to collect enough employee signatures because in order for a Union to ask the Board for an election, it must first demonstrate that the workers it wants to represent support the election.Which of the following benefits do unions almost never stress in an organizing campaign?A job specification outlines the qualifications needed to perform the duties of the position. Robin Banyan submitted an application for a position at the unionized Shane Printing.Why unions are gaining momentum in nontraditional professions?Low salaries Today, unions are becoming more popular in non-traditional occupations like teaching and nursing.Learn more about National Labor Relations Board here:
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The amount of reserves that a commercial bank is required to hold is equal to?
Answer:
its checkable deposits multiplied by the reserve requirement.
Explanation:
Compared to rail transportation, one of the advantages of shipping by truck is that trucks
Compared to rail transportation, one of the advantages of shipping by truck is that trucks "Can reach more destinations".
What is rail transportation and road transportation?Rail transportation: Train travel is another name for rail travel. It is a mode of transportation that uses cars that travel on tracks (rails or railroads). It is one of the most significant, frequently used, and highly affordable methods of transportation for both people and products across long and short distances.Road transportation: Road transport refers to the movement of people and goods across a network of roads. A road is a path between two points that has been paved or otherwise improved to allow travel by both motorised and non-motorised carriages.The advantages of raid transport over rail transport are-
Road construction is substantially less expensive than building railroads. In hilly and undulating terrain, roads may be built with ease. Highways connect railway stations, airports, and seaports, acting as a feeder to other forms of transportation.They offer individuals and vehicles to commute to a variety of areas and assist them in getting there without any problems.Road transport is the practice of moving goods or people along a road network from one location to another.To know more about benefit of road transportation, here
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The general acceptance by russians of hierarchy and power differentials arising from social status reflects their:.
The values of Russia show their acceptance of hierarchy and power arising from social status.
Russians (Russian: русские, Roman: russkiye) are an East Slavic ethnic group native to Eastern Europe that shares a common Russian ancestry, culture, and history. The most widely spoken Slavic language, Russian, is the common native language of Russians. And Orthodox Christianity has been their historical religion since the 11th century. They are the largest Slavic nation and the largest European nation.
Russians are formed from the East Slavic tribes and their cultural ancestors come from the Kievan Rus. Genetically, the majority of Russians are the same as their eastern and western Slavic counterparts. Unlike the Northern Russians, who belong to the Baltic Sea gene pool in Northern Europe.
The Russian word for Russian comes from the Rus' and Rus' territories. Russians share many historical and cultural features with other Europeans, especially other East Slavic ethnic groups, especially Belarusians and Ukrainians.
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Which of the marketing mix elements corresponds to what the buyer gives up in the marketing exchange?.
Price is the element of the marketing mix that corresponds to what the buyer gives up in the marketing exchange.
What is the marketing mix?They are the set of activities performed by marketing to promote a product or service and increase the profitability of a company. The four Ps of marketing are:
ProductPricePlacePromotionTherefore, the objective of the marketing mix is to increase the value of the brand and its positioning through the creation of value for the consumer.
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Use the graph to answer the question that follows.
Which statement best describes the shift from S1 to S2?
The price of the product increased.
The price of the product decreased.
There is an increase in supply.
There is a decrease in supply.
The statement that best describes the shift from S1 to S2 is there is an increase in supply. (third option)
What is the supply curve?A supply curve is a graph that depicts the relationship between price and quantity supplied. When there is a shift of the supply curve, it indicates that there is either an increase or decrease in supply. A rightward shift indicates an increase in supply.
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Answer:
C
Explanation:
8. An organizational activity that results in the creation, coordination, and organization of information about that organization and the dissemination of it to the public through the mass media is called __________.
Media relations is an organizational activity that results in the development, coordination, and organization of information about that organization and its presentation to the public through the mass media.
Media relations refers to the mutually beneficial contact between journalists and public relations professionals. The simplicity with which journalists may access story ideas and sources is one of the most significant advantages.
Media relations are essential for increasing brand recognition, establishing corporate reputation, and learning about client preferences and choices. Customers can learn about the company's products and services by visiting the blog or online networking networks.
Therefore, the answer is media relations.
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Why do politicians often establish trade barriers even though the barriers usually do more harm than good
They are motivated to develop regulations that benefit small, powerful organizations while spreading expenses across a vast population.
Why do government use trade barriers?Governments can decide what types of goods and how much of each should enter the country by using trade barriers to either increase or limit (control) foreign commerce.What is the biggest reason for trade barriers?Tariffs and subsidies both increase the cost of imported items in comparison to native goods, which lowers imports. Because its declared goal is to safeguard or advance specific businesses or economic sectors, trade barriers are frequently referred to as "protection."Are trade barriers good or bad?Trade restrictions like tariffs, which increase prices and limit supply of products and services, have been shown to have a negative economic impact on the economy. As a result, there is a net decrease in income, employment, and economic production.Which type of trade barrier is used for political purposes?The government issues an order outlawing any trade with another nation. The embargo is the toughest kind of trade restriction and is typically implemented for political reasons to harm a nation's economy. When a nation totally forbids trade with another nation, it imposes an embargo.Learn more about trade barrier here:
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An example of organizational antecedents is a. Scarcity of resources b. Role ambiguity c. Promotions d. Democratic decision making e. All of the above
Answer:
decision making
democratic
A moderate increase in a budget deficit that leads to a _____________________ is not necessarily a cause for concern
A moderate increase in a budget deficit that leads to a moderate increase in a trade deficit and a moderate appreciation of the exchange rate is not necessarily a cause for concern.
What is Budget Deficit?When spending surpasses income—that is when the entire amount of money one spends exceeds the total amount of money one gets in—a budget deficit results. Both small and big scales of this are possible. For instance, if a person's total monthly costs exceed his or her monthly household income, the household budget may be in deficit.When operating expenses exceed revenue, businesses have budget shortfalls. The same fundamental idea still holds true: the corporation is in the red because its total revenue is less than what it owes. This can lead to debt, just like it can on an individual basis.To learn more about Budget Deficit refer to:
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A promotional tool that involves people telling other people about products they've purchased is known as a(n) ______.
Hello,
Answer:
A promotional tool that involves people telling other people about products they've purchased is known as a(n) word of mouth promotion.
Kayla, an HR manager, is in the process of creating a market-competitive pay plan. For an accounting job at the firm, she has assigned the following weights: 70% for job complexity, 25% for effort, and 5% for working conditions. What is the next step Kayla must take in the process
Kayla, an HR manager, is in the process of creating a market-competitive pay plan. For an accounting job at the firm, she has assigned the following weights: 70% for job complexity, 25% for effort, and 5% for working conditions. Next step Kayla must take in the process is to find maximum number of points for job complexity.
By gathering, monitoring, and adjusting the company's financial information, an accountant assists firms in making important financial decisions. They are in charge of conducting financial audits, comparing bank statements, and guaranteeing the accuracy of financial records all year long. Job posting is free.
Occupations that are cognitively demanding and necessitate the use of an employee's personal resources to manage the level of stress involved are referred to as complicated jobs.
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Based on the video, which economic theories were most
clearly applied by the Federal Reserve in response to the
economic crisis?
Describe the connections between the Fed's actions and
the theories of Smith, Keynes, Hayek, or Friedman.
The economic theories that were most clearly applied by the Federal Reserve in response to the economic crisis were based on the theories of Keynes and Friedman.
They both believed that aggregate demand can be influenced by government policies and help an ailing economy to recover.
Hence, we can see that from the complete information, the Federal Reserve made use of their theories to intervene and they did this by the use of monetary policy to increase the money supply.
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Answer:
The Federal Reserve pursued policies that most closely followed the theories of Keynes and Friedman. Both economists argued that aggregate demand could be influenced through policies. They believed that this could help the economy recover or grow. The Fed seemed to follow Keynes's theories by taking action to intervene. It also seemed to follow Friedman's thinking by focusing on increasing the money supply through monetary policy.
Explanation:
ed 22
A data analyst finishes analyzing data for a marketing project. The results are clear, so they present findings and recommendations to the client. What should they have done before that presentation
Shared the results with subject matter experts from the marketing team for their input.
An advertising plan outlines your supposed marketing/advertising activities for a particular period, commonly over the following 365 days. It describes how you may reach, attract and persuade clients to buy your products or services, with clean desires, actions, and accountabilities.
The 4 PlayStation of advertising—product, fee, place, promoting—are regularly referred to as the advertising and marketing blend. These are the important thing elements concerned in making plans and advertising a product or service, and they interact drastically with every other.
An advertising and marketing plan also can be defined as a technique that facilitates a business to decide on the quality use of its resources to gain corporate targets. It can also comprise a complete evaluation of the strengths and weaknesses of a company, its company, and its merchandise.
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The entry to record the issuance of a note receivable is ______. Multiple choice question. debit Notes Receivable and credit Cash debit Cash and credit Notes Receivable debit Cash and Interest Receivable and credit Notes Receivable debit Cash and credit Notes Receivable and Interest Revenue debit Notes Receivable and credit Cash and Interest Revenue
The entry to record the issuance of a note receivable is debit Notes Receivable and credit Cash.
What is Note Receivable ?
A note receivable is an asset account tied to an underlying promissory note, which details in writing the payment terms for a purchase between a “payee” (typically a company, and sometimes called a creditor) and the “maker” of the note (usually a customer or employee, and sometimes called a debtor).
The journal entry for interest on a note receivable is to debit the interest income account and credit the cash account.
Notes receivable are a balance sheet item that records the value of promissory notes that a business is owed and should receive payment for. A written promissory note gives the holder, or bearer, the right to receive the amount outlined in the legal agreement.
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Which methodology is based on the SDLC and assumes a project phase is complete before moving on to the next phase
Waterfall model or methodology is based on the SDLC and assumes a project phase is complete before moving on to the next phase.
What is waterfall model in SDLC?The Waterfall model is known to be one that shows that any phase in the development means do start only if the former phase is complete.
Therefore, Waterfall model or methodology is based on the SDLC and assumes a project phase is complete before moving on to the next phase.
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What form of scrambled merchandising, popular in Europe, features large stores that provide variety, quality, and low price for groceries and general merchandise
Hypermarket is form of scrambled merchandising, popular in Europe, features large stores that provide variety, quality, and low price for groceries and general merchandise.
What does the term "hypermarket" mean?a very large retailer that stocks both items typically found in department stores and supermarkets.
What is an example of a hypermarket?Shoppers can find everything they need in a hypermarket. The purpose of this big box retailer is to offer customers all the products they need under one roof. The Walmart Super center, Fred Meyer, Meijer, and Super Kmart are a few of the best-known hypermarkets.
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The failure to follow the rules for formation of a contract means no contract will come into existence. Even if it appears that a contract exists, it can have a defect that can affect the existence of what appears to be a contract. A contract that is ______ is deemed never to have existed. The contract is void and cannot be enforced against the parties.
Voidability of agreements without free consent. —When consent to an agreement is caused by coercion, fraud or misrepresentation, the agreement is a contract voidable at the option of the party whose consent was so caused.
What is a Voidable Contract ?A voidable contract is a formal agreement between two parties that may be rendered unenforceable for any number of legal reasons, which may include: Failure by one or both parties to disclose a material fact. A mistake, misrepresentation, or fraud. Undue influence or duress.
A contract signed by misleading the other party. A contract signed by due to acts of fraud. Contract signed with someone when they were temporarily incapacitated.Learn more about Voidable Contract here:
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Research indicates that investors who closely monitor their portfolios and trade quickly in response to minor fluctuations in price:_____________
A. earn rates of return similar to those who hold investments for the long−term and trade infrequently.
B. underperform those who hold investments for the long−term and trade infrequently.
C. outperform those who hold investments for the long−term and trade infrequently.
D. be more highly educated and in higher income brackets than those who hold investments for the long term and trade infrequently.
B. underperform those who hold investments for the long term and trade infrequently.
Research indicates that investors who closely monitor their portfolios and trade quickly in response to minor fluctuations in price underperform those who hold investments for the long term and trade infrequently.
Why do investors underperform?
Market timing is the first explanation. Individual investors attempt to decide whether to invest in stocks and when to withdraw funds from them. Despite the fact that we are aware of the market's unpredictability, investors frequently invest during bull markets and exit during down markets. This is seen in the money flows into and out of mutual funds during stock market extremes. Your return will be negatively impacted if you buy high and sell low.
The fees that investors spend are the second factor contributing to their poor market performance. The majority of investors are unaware of their costs and don't care. They fail to understand how a few dollars here and there could possibly make a difference. They believe the fees and charges don't exist since they can't see them.
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Bob and Ted have been tasked with planning their team's retreat. They plan to survey last year's attendees to determine how they liked the venue. Additionally, they will need to determine the attendees, the date and time, the location, the menu, and the venue, as well as establish a budget to be approved by senior management.
Which basic planning step is described by Bob and Ted's deliverables?
a. Implementing a plan. b. Identifying and assessing present and future conditions affecting the objectives.
c. Developing a systematic approach to achieving the objective. d. Setting an objective or goal.
Identifying and assessing present and future conditions affecting the objectives.
Is the process of establishing goals and figuring out the best way to achieve them?recognizing and evaluating factors that will affect the goal now and in the future.Controlling is the process of establishing goals and figuring out how to reach them. Leading is the act of directing human resources to achieve high levels of task completion.What factors should you take into account when defining objectives?Although SMART has many different definitions, the fundamental idea is that objectives should be:
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Within the United States, the dominant body in the primary development of accounting principles is the
Within the United States, the dominant body in the primary development of accounting principles is the FASB.
What is FASB?The Financial Accounting Standards Board (FASB) is a private organisation that sets and improve the Generally Accepted Accounting Principles in the United States. It was established in 1973.
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A resource is ______ if the number of firms that possess it is less than the number of firms required to reach a state of perfect competition.
A resource is rare if the number of companies that own it is less than the number of companies needed to reach a state of perfect competition.
What is imperfect competition?It is an economic situation where there is an imbalance between supply and demand. When there is a rare resource available, companies have greater dominance over the market and over the price of the resource and negatively impact consumers.
Therefore, a situation of perfect competition is ideal for the consumer, who has several options of goods and services available at different prices.
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Ames Trading Company has the following products in its ending inventory. Product Quantity Cost per Unit Market per Unit Mountain bikes 15 $ 720 $ 660 Skateboards 30 200 270 Gliders 24 770 720 Compute lower of cost or market for inventory applied separately to each product.
The total Lower of Cost or Market is $38870.
What is Lower of Cost or Market?Companies using U.S. GAAP must value their inventories using the lower of cost or market (LCM) technique. The lower of the original cost or market value is used to value inventory in the lower of cost or market approach, as the name suggests.We have,
Mountain Bikes: 15 units, cost: $710, market: $660, total cost: $10,650, total market: $9900, LCM: $9900
Skateboards: 20 units, cost: $260, market: $290, total cost: $7800, total market: $8700, LCM: $7800
Gliders: 29 units, cost: $810, market: $730, total cost: $23490, total market: $21170, LCM: $21170
Total cost: $41940
Total market: $39770
Total LCM: $38870
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Use the as/ad model to describe the effect of each of the following events on the economy of snezhanka (a fictitious nation). beginning with the economy in equilibrium carefully show the shift involved and the new equilibrium. state whether the p (price level) and rgdp at the new equilibrium are higher or lower. for each part of this question, start again at the original equilibrium. what will happen if:
a. taxes on households are decreased?
b. taxes paid by firms are decreased?
c. the value of the national currency, the snezhankan lev, declines in the international currency market?
d. a revolutionary new machine, the aparat, increases worker productivity?
The following would happen
Aggregate income would increase for households. They would have a rise in output. taxes on households are decreasedWhen the taxes are decreased, the households would have a rise in their purchasing power. Their output would go up form q to q2.
taxes paid by firms are decreasedThe cost of the firms production is going to fall. The firm would then be able to raise their production hence increasing their supply. Output would rise and price level would fall.
the value of the national currency, the snezhankan lev, declines in the international currency market?If the value of the currency should fall, then it would cause the demand for foreign goods to rise then there would be a new equilibrium in the market.
a revolutionary new machine, the apparat, increases worker productivityAn increase in productivity would raise supply for the producer hence bringing about a new rise in the price level.
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Sam, a buyer for a small warehouse company, is looking to purchase a forklift from caterpillar or komatsu. He is looking for a reliable, narrow forklift to fit between the warehouses’ smaller aisles and that is a lower price. Sam doesn’t need added-on services; he is well-versed in using and maintaining large equipment. He evaluates the forklift types and decides on a komatsu. Sam chooses the komatsu for its perceived reliability and it is $1500 less than the caterpillar forklift. Which approach that komatsu took was a success for sam as a customer?.
Komatsu reduced its perceived costs enough to undercut its competitors perceived values.
The perceived value of a pastime is described as the unit value that a customer thinks he incurs with the aid of a venture a specific pastime. A consumer's expenditure consists of direct charge and non-rate cost factors which we assume to be independent.
When making a buy, a purchaser values a product's benefit higher than its function. for instance, a consumer would not purchase a drill to have a drill. He buys a drill to have the capability to make holes. From maximum SaaS groups, people no longer simply purchase the software programs, but as a substitute solution.
In advertising and marketing terminology, the perceived fee is the customers' assessment of the deserves of a product or service, and its potential to satisfy their desires and expectations, specifically in contrast with its peers.
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Systek 22 Inc. made a promise to Garrett offering him a job with an annual salary of $150,000 and at least two years of employment. Since Garrett had to move to New York for the new job, Systek 22 also offered to reimburse all of his moving expenses. Based on this promise, Garrett resigned from his job at another firm that offered him an annual salary of $100,000. When Garrett moved to New York, his employment with Systek 22 was terminated, because the company found a candidate who was willing to work for a lesser salary. Which of the following is true of this situation? Group of answer choices Garrett cannot sue Systek 22 since the promise was oral. Garrett cannot sue Systek 22 since the reasons for termination will be accepted in court as a legal detriment. Garrett can sue Systek 22 only for the moving expenses that Garrett can prove he incurred. Garrett can sue Systek 22 under the doctrine of promissory estoppel. Garrett cannot file a lawsuit since a promise of employment is always subject to market conditions.
Garrett can sue Systek 22 under the doctrine of promissory estoppel.
What is legal detriment?The simple act of giving up a legal right—even something as basic as the ability to spend one's money on something else—is known as a "legal disadvantage." It could also imply that the party causing the harm refrains from acting in a way that would otherwise be appropriate.
What does a legal disadvantage look like?The "something" that is promised or provided must be something that is known as a legal detriment—an act, forbearance, or a promise of such from the promise. It cannot be just anything, including a feeling of pride, warmth, amusement, or friendship.
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Franchise systems are one type of __________ distribution system. Group of answer choices corporate wholesale contractual administered
A franchise agreement is a legally binding contract between the franchise partners.
A franchise is a method of distributing products or services that involves a franchisor, who establishes the brand's trademark or trade name as well as a business system, and a franchisee, which pays a royalty and, in many circumstances, an upfront fee for the right to use the franchisor's brand and system.
Most entrepreneurs choose franchising because it allows them to expand without the risk of debt or the expense of stock. For starters, because the franchisee supplies all of the cash necessary to create and manage a unit, it allows businesses to develop by leveraging the resources of others.
The blank will be filled by contractual.
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