What are the two steps a producer can take to gain an absolute advantage? produce more goods. use high-quality resources. produce more expensive goods. use fewer resources. produce high-quality goods. use local resources.

Answers

Answer 1

Answer:

The correct answers are 1) produce more goods and 4) use fewer resources.

Explanation:

In the economic theory the definition of absolute advantage is the ability to produce as much of a product as possible while using few resources. On the other hand, comparative advantage is something that can help a producer sell a good at a low price which is attractive for customers while retaining good sale margins.

Answer 2

1. Produce more goods.
4. Use fewer resources.


Related Questions

) What is price-matching? A Paying more money for an item. B When a store sells something at the same price. C Buying used. D Using a coupon.

Answers

Answer:

The answer is B. When a store sells something at the same price.

Explanation:

They sell it for the exact price your paying.

Building piles of documents is an efficient way to organize.


Please select the best answer from the choices provided

T
F

Answers

Answer:

It is false because it isn’t the best way to organize.

Answer:

f

Explanation:

If a company uses straight-line depreciation, the average investment is calculated as: (Check all that apply.)

Answers

If a company uses straight-line depreciation, the average investment is calculated as: Average Investment = (Beginning book value + salvage value)/2.

What is average investment?

Average investment can be defined as the start up capital  or amount of money that will be needed to start up a business.

Using straight line method Average investment can be calculated using this formula:

Average Investment = (Beginning book value + Salvage value)/2

Inconclusion Average Investment = (Beginning book value + salvage value)/2.

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A company operates an oil refinery. To reduce risk the company has decided to implement significant controls over safe operations. This is an example of:

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If  company has decided to implement significant controls over safe operations. This is an example of: Risk reduction.

What is risk reduction?

Risk reduction can be defined as the way of preventing disasters or  unforseen or unexpected circumstance by implementing control.

Risk reduction is important as it help prevent loss of life and properties and it as well help to maintain sustainable future.

Therefore this is an example of: Risk reduction

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Chinese currency in the year 800 was _______ by a commodity such as gold, and currency in the modern United States is _______ by a commodity such as gold.

Answers

Chinese currency in the year 800 was commodity-backed paper, and currency in the modern United States is fiat currency. Below is an explanation of its value.

The status of the currency

In 800, Chinese currency was a commodity-backed paper currency. This means that any paper currency could be exchanged for a commodity such as gold or silver. The modern United States uses fiat currency. This currency has no intrinsic value and cannot be exchanged for a commodity.

Therefore, the answers are commodity-backed paper currency and fiat currency.

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the life isnurance policy in which dealth benefits last a lifetime but premiums are all paid after a specified time period is an

Answers

The life insurance policy in which death benefits last a lifetime but premiums are all paid after a specified time period is a limited-pay whole life policy.

Businesses that offer flexible hours allow their workers to arrive at work whenever they feel like it. please select the best answer from the choices provided t f

Answers

A flexible schedule permits an employee to work hours that deviate from the typical start and stop times of the organization.

Is it good to have a flexible schedule?

Flexible employment is no longer limited to gig workers or freelancers; many "conventional" firms are also providing flexible schedules to their employees.

Flexible schedules help employees, and wise companies understand that giving flexible schedules benefits them as well. From being a green company to having a competitive advantage in recruitment and boosting diversity, the advantages of flexible work for businesses can help your organization stay ahead of the competition.

Thus, The statement is False.

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A student purchased a used car for $5,000 three months ago. The car now needs a major repair which will cost $2,000. If the student decides to keep the car and make the repair to the car, then the out-of-pocket costs will be:

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Answer:$2,000

Explanation:

7,000-5,000=2,000

In the trucking industry, demand for fuel remains relatively stable even in times when the price of fuel increases, indicating that demand for fuel in this segment is:.

Answers

Answer:

inelastic

Explanation:

Steve silversmith produces unique and exclusive sterling silver rings, pendants, buckles, and chains. steve pays one supervisor to oversee the work performed by several part-time silversmiths. he pays each silversmith to work 20 hours per week or 40 hours week, depending on production demand. he also hires a jewelry expert to perform quality assurance inspections and pays her based on the weight (per ounce of silver) of each piece inspected. the controller and the sales manager are discussing potential price increases due to the increasing cost of silver and increases in other costs.


required:

the following are several costs they are discussing. indicate whether each cost is a variable, fixed, step, or mixed cost within steveâs relevant range of activity.


a. depreciation on production equiepment

b. supervisor salary

c. packaging (each piece is packaged in a designer cartoon)

d. silver

e. part-time labor (silversmith)

f. production facility utilities

g. quality assurance

h. mortgage on the production facility

Answers

The answer with be a

What year does apple aim to achieve net zero carbon impact?.

Answers

Answer:

Apple aims to achieve a zero-carbon footprint by 2030

Explanation:

Liabilities: Multiple Choice Represent obligations that must be satisfied with cash. Are recorded in the Profit and Loss Statement. Are amounts a company owes to others. Are usually recorded in the equity section of the balance sheet if it is long term.

Answers

Liabilities are C. The amounts a company owes to others such as debt and taxes owed.

What is a liability?

It should be noted that a liability simply means the future sacrifice of economic benefits that an entity is obliged to make.

In this case, it simply means what an individual or company owes others. It's different from an asset.

A liability is something a person or company owes, which is usually a sum of money and are settled over time through the transfer of economic benefits such money, goods, or services. Examples of liabilities include debt and taxes owed.

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Which form do you use to inventory the unexpended ammunition and residue you receive from the training field

Answers

The form that can be used to inventory the unexpended ammunition and residue you receive from the training field is DA Form 5203.

What is ammunition?

It should be noted that ammunition simply means the material fired, dropped or detonated from any weapon.

In this case, the form that can be used to inventory the unexpended ammunition and residue you receive from the training field is DA Form 5203.

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connects you to the people you are speaking with
The conversation tople
Eye contact
Simple words
Using their name repetitively

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As every conversation should
Please mark brainiest

________ at ikea include cost-consciousness, constant desire for renewal, and accepting and delegating responsibility. multiple choice missions competitive advantages competencies strategies

Answers

Explanation:

Answer- related budget; A marketing program is all the people, processes, advancements and exercises associated with making associations and building connections to accomplish a ultimate objective. 

How many 90-day Eurodollar futures contracts should a bank purchase to hedge the roll-over of year, $5 million loan if loan rates and Eurodollar rates have the same volatility

Answers

The number of 90-day Eurodollar Futures Contracts that the bank should purchase to roll-over if the rates have the same volatility is 20 contracts.

How many Eurodollar futures contracts should the bank purchase?

This can be found by the formula:

= (Loan amount x Period per year of loan ) / (Face value of futures contract x Period per year of futures contracts) x 1 because volatility is same

Solving gives:

= (5 million x 1) / (1 million x 3 / 12 months) x 1

= 5 million / 250,000 x 1

= 20 contracts

#SPJ1

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Attempts to identify distinctive characteristics that account for the effectiveness of leaders are called the ______ approaches to leadership.

Answers

The trait approaches to leadership identify distinctive characteristics that account for the effectiveness of leaders.

What is trait theory of leadership?

The trait theory of leadership stressed that there are some certain innate qualities and characteristics that make someone a leader.

Some of the qualities are;

physical factors intelligence factors.

Therefore, trait approaches to leadership identify distinctive characteristics of a leader.

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Carrie made an initial investment of $50,000.the final value of her investment was $55,500.what was the roi?

Answers

Answer:

sorry i am not good with this subject i want to help but i cant sorry

Explanation:

C. this year casey made a gift worth $16.8 million to stephanie. casey is married to helen in a common-law state, and the 2010 gift was the only other taxable gift he or helen has ever made. casey and helen elect to gift-split

Answers

Casey and Helen both give and receive gifts that can be taxed, so according to their common-law state, they would have to find out which of the gifts are taxable.

What is Gift Tax?

This refers to the federal tax which is levied on a taxpayer who makes a gift of either money or property to someone and is between 18-40%.

Hence, it can be noted that gift taxes are made on any valuable property which is given to another person, regardless of whether the person considers it as a gift.

Please note that your question is incomplete so I gave you a general overview to help you get a better understanding of the concept.

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The type of software that has qualities of both hardware and software is.

Answers

Answer:

Firmware shares qualities of both hardware and software in that it is software that hasbeen permanently embedded in hardware and typically cannot be copied or changed or evenreplaced.

What term describes the relationship between the flow rate and the capacity of each labor resource that works in a process

Answers

The relationship between flow rate and the capacity of labor resources is called labor utilization. To achieve optimal labor use, it is crucial to maintain a balance between flow rate and worker capacity.

It assesses how much of the labor resource's capability is being used to execute a process and is stated as a percentage. It is important to maximize worker utilization to ensure the process is efficient.

Due to underutilization of the human resource, low labor productivity can lead to inefficiencies and increased costs. On the other hand, using too much work could lead to burnout and decreased output.

Therefore, the relationship between flow rate and the capacity of labor resources is called labor utilization.

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#SPJ12

Which is not considered a risk management responsibility of the venue manager as they seek to minimize the risks in the event environment of their venue

Answers

The merchandise copyright insurance is a policy that will not be considered as a risk management responsibility of the venue manager.

What is a venue manager?

These are manager that basically oversee the activities, employees and business associated with a concert facility.

The event certificate of insurance, proper contract administration, and Emergency and crisis management planning will be considered as a risk management responsibility when they seek to minimize the risks in the event environment of their venue.

Therefore, the Option C is correct.

Missing options "Event certificate of insurance, Proper contract administration, Merchandise copyright insurance, Emergency and crisis management planning"

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In a large open economy, why is the supply curve for loanable funds upward sloping?.

Answers

Answer:

The higher the interest rate, the more willing suppliers of loanable funds will be to lend money.

Explanation:

Answer:

The demand curve for loanable funds is downward sloping, indicating that at lower interest rates borrowers will demand more funds for investment. The supply curve for loanable funds is upward sloping, indicating that at higher interest rates lenders are willing to lend more funds to investors.

Explanation:

Both the production and selling and administrative expense budgets are prepared using information directly from the:.

Answers

Answer:

Both the production and selling and administrative expense budgets are prepared using information directly from the: Sales Budget

A customer is looking at a Canyon Meadow jacket, made by Columbia Sportswear Company. Write two questions to determine the customer’s previous experience with the Columbia Sportswear Company (manufacturer of the Canyon Meadow jacket) and its products.

Answers

Answer:

a- have you ever run out of products before?

b- are you replacing your old one for a new one?

Explanation:

This matrix​ _______ the view of the CFOs because​ _______. A. ​supports; there is an incentive to cheat on the agreement because the cheater will earn a greater economic profit B. does​ not; the firms make the greatest profit when they comply with the agreement

Answers

The matrix support the view of the CFOs because there is an incentive to cheat on the agreement because the cheater will earn a greater profits.

Who is chief financial officer?

The chief financial officer serves as the senior executive responsible for managing the financial actions of a company.

Conclusiosively, The support view of the CFOs is because there is an incentive to cheat on the agreement between parties.

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How might a customer react to a salesperson's
weak handshake?

Answers

Answer:

I think the customer will get upset.

The customer will think the salesperson is not ready to attend to him.

A schedule or curve that shows the amount of a nation's output (real GDP) that buyers collectively desire to purchase at each possible price level is called

Answers

Aggregate demand is a schedule or curve that shows the amount of a nation's output (real GDP) that buyers collectively desire to purchase at each possible price level.

What is Aggregate demand?Refers to the summation of goods and services that an economy produced at an available price.Aggregate demand is concerned with the finished goods in an economyGovernment expnses on education funding for example increases aggregate demand.

Hence, we can conclude that aggregate demand is a schedule or curve that shows the amount of a nation's output (real GDP) that buyers collectively desire to purchase at each possible price level.

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Maria has a total of $12,000 invested in two funds. the first fund pays simple interest at 6% per year and the other pays simple interest at 7% per year. if the funds earn a combined $817 in interest in one year, how much does she have invested in each fund?

Answers

Answer:

let a = 1st , and b = other

a + b = 12000

.06 a + .07 b = 817

Explanation:

Determining how many man-hours are needed to meet production goals involves what type of management role

Answers

The determination of the number of man-hours that are needed to meet production goals by the management involves an informational role.

What is management?

It should be noted that management simply means the process of controlling people to achieve a goal.

In this case, the determination of the number of man-hours that are needed to meet production goals involves ana informational role.

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