why does global trade take place?

Answers

Answer 1

Answer:

because one country enjoys a comparative advantage in the production of a certain good or service.

Explanation:

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Related Questions

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How can a person harness the power of pre-commitment, for example, with their tax return?

Answers

Answer:

You would have to commit to your future self about tax returns.

Explanation:

People projected that adopting a commitment device, which allows them to commit to saving before receiving their tax refund, would boost savings.

What is tax refund meaning?

A tax refund is a payment issued to taxpayers who have overpaid their taxes due to employers withholding too much from their salaries.

According to the US Treasury, over three-quarters of taxpayers have too much money withheld, resulting in tax refunds.

Thus, people are more like to make long term judgement.

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What does it mean when the feds lower interest rates?

Answers

Interest rates are lowered by the Fed in order to boost economic development. Reduced finance costs might entice people to borrow and invest. When interest rates are excessively low, however, they might stimulate excessive growth and perhaps inflation. On the other hand, if growth becomes excessive, the Fed will boost interest rates.

Mark is looking for professional financial assistance. Mark has never invested before and is not quite sure where to start. He knows that he wants to build up investments for future projects such as retirement, but he is not sure how to navigate investment in light of his existing debts. Recommend an appropriate financial professional for Mark. A. Full-service broker b. Discount broker c. Accountant d. Financial planner Please select the best answer from the choices provided A B C D.

Answers

The recommended appropriate financial professional for Mark. A is: d. Financial planner.

Financial planner is a financial professional or financial adviser who is in the right position to give financial advice or to provide financial guidance to you.

A financial planner can help you plan your finances so as to avoid running into debt which will in turn will enables your to achieve your financial aims and goals.

It is the duty of a  financial planner  to give you some insight on how you can grow your wealth and how to manage your wealth.

Based on the given scenario Mark should consult a financial planner who will help him plan his finances as well as how to build his investment for future project.

Inconclusion the recommended appropriate financial professional for Mark. A is: d. Financial planner.

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Answer:

It's D

Explanation:

Many production employees began to talk among themselves about whether they wanted to transfer to a new production facility in a neighboring town. What type of communication is thi

Answers

The type of communication in this context  is referred to as Lateral

communication

Lateral communication is the exchange of information between people

who are in similar hierarchy in an organization or gathering.

In this scenario, we were told production employees talked about if it was

needed to move the facility to a new location which is a good example of

Lateral communication as they are of the same level.

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The ______ is a roadmap that displays how all the specific activities fit together to accomplish the project work scope.

Answers

Based on project management, the Network Diagram is a roadmap that displays how all the specific activities fit together to accomplish the project work scope.

Network Diagram in Project Management

Generally, Network Diagram is a tool used by project managers to visualize the whole concept before the work is carried out. It is also used throughout the project to determine how the work is to be done, including the duration and methods, sequence, and dependency.

Benefits of a Project network diagramVisual representation of work or project in progress.Ascertaining project workflows.Tracking dependencies and potential stoppages.

Hence, in this case, it is concluded that the correct answer is Network Diagram.

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Susan would like to work on a class project alone, but her teacher asked the class to work in groups. How will Susan benefit from working with a team?

Independence
Increased creativity
Easy class credit
Easy decision making

Answers

Answer:

Easy decision making

Explanation:

Independence would not be it because Susan is in a group and the other two wouldn't be true because easy class credit would mean letting the rest of the group do the work, and increased creativity wouldn't be it because there would be other part of the group would be doing that two.

Oil refining is an example of:

Construction Production
Extractive Production
Domestic Production
Traditional Production

Answers

Answer:

Explanation: step by step

What is a trend in business

Answers

A trend in buisness is to invest

How do businesses maintain a formal record of financial transactions?
a) Publish an income statement b) Publish a balance sheet
c) Maintain a general journal
d) Utilize the Matching Principle

Answers

Businesses maintain a formal record of financial transactions through publication of income statement and balance sheet.

A formal record of financial transaction entails publication of periodic financial statement to allows users them to understand the financial position of the company.

The process of Bookkeeping with helps to record all financial transactions helps to publish an income statement and balance sheet.

The income statement and balance sheet are the two main financial record which depict the accurate position of the firms position.

Therefore, the Option A and B is correct.

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how many black millionaires are there in the united states?

Answers

Answer:

1.5 million black American millionaires.

Explanation:

How do premium, copay, coinsurance, deductible, and out-of-pocket maximum all work together in the world of health insurance?

Answers

You pay any remaining deductible plus the coinsurance payment percentage. For example, let's say your coinsurance is 20 percent, meaning you're responsible for paying 20 percent of any doctor's bill. ... Once your out-of-pocket maximum has been met the plan pays 100 percent for covered in-network services

what describes the specific information about a policy

Answers

Policy summary is what describes the specific information about a policy.

Policy is a term, commonly associated with insurance . It is a set of rules or guidelines for an organization and employees to follow in or to achieve a specific goal (i.e. compliance).

A policy summary describes the features and elements of the specific policy for which a person is applying.

Policy summary contains the following :

Name and address of the producerName of the policy issuedPremiumSurrender value

Therefore, Policy summary is what describes the specific information about a policy.

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plz help if ur good at taxes

Answers

Answer:

pay: 73,300

income tax: 73,300*0.37 = 27,121

EI: 73,300*0.0173=1,268.09

CPP: 2,590

Yearly Pay will be 73,300-27,121-1,268.09-2,590 = $42,320.91

Weekly pay (paycheck) = 42320.91/52 = $ 813.86

Explanation:

The Johnsons are buying a house that costs $210,000 and can afford a 20% down payment. If the Johnsons want the lowest monthly payment, which loan option would you recommend? a. 30 year FHA, 3. 5% down at a fixed rate of 6. 25% b. 30 year fixed, 20% down at a fixed rate of 6% c. 30 year fixed, 10% down at a fixed rate of 6% d. 15 year fixed, 20% down at a fixed rate 5. 5%.

Answers

If the Johnsons want the lowest monthly payment, the recommended loan option is Option b.

Data and Calculations:

Cost of house = $210,000

Down payment = 20% or $42,000 ($210,000 x 20%)

Loan = $168,000 ($210,000 - $42,000)

Monthly Payments:

Option a. 30 year FHA, 3. 5% down at a fixed rate of 6. 25%:

Cost of house = $210,000

Down payment = 3.5% or $7,350 ($210,000 x 3.5%)

Loan = $202,650 ($210,000 - $7,350)

Result:

Monthly Payment = $1,247.75

Sum of all periodic payments = $449,190.33

Total Interest = $246,540.33

Option b. 30 year fixed, 20% down at a fixed rate of 6%

Cost of house = $210,000

Down payment = 20% or $42,000 ($210,000 x 20%)

Loan = $168,000 ($210,000 - $42,000)

Result:

Monthly Payment = $1,007.24

Sum of all periodic payments = $362,608.16

Total Interest = $194,608.16

Option c. 30 year fixed, 10% down at a fixed rate of 6%

Cost of house = $210,000

Down payment = 10% or $21,000 ($210,000 x 10%)

Loan = $189,000 ($210,000 - $21,000)

Result:

Monthly Payment = $1,133.15

Sum of all periodic payments = $407,934.18

Total Interest $= 218,934.18

Option d. 15 year fixed, 20% down at a fixed rate 5. 5%

Cost of house = $210,000

Down payment = 20% or $42,000 ($210,000 x 20%)

Loan = $168,000 ($210,000 - $42,000)

Result:

Monthly Payment = $1,372.70

Sum of all periodic payments = $247,086.04

Total Interest = $79,086.04

Thus, if the Johnsons want the lowest monthly payment, the recommended loan option is Option b with a monthly payment of $1,007.24.

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Johnson's should opt for a loan with interest rate of 6.25% ; period of 30 years and a down payment of 20% of the loan amount. So, the correct option that matches the query is B.

The calculation of the interest can be done by using the simple interest. Under Simple interest method, the loan is calculated only on the principal amount and not on the interest.

Housing Loans

The calculation when the down payment of 20% is made upfront the calculation will be shown as $42000. So, the interest will be charged only on the remaining balance of $168,000.

The calculation can be shown as below,

[tex]\rm Amount= \dfrac{Principal\ x\ Rate\ of\ Interesr\ x\ Time}{100}\\ \\\\ \rm Amount= \dfrac{168000\ \rm x\ 6\ \rm x\ 360}{100}\\ \\ [/tex]

The interest to be paid each year will be calculated as under for a total number of 30 years.

[tex]\rm Interest\ per\ Year= \dfrac{36288}{30}[/tex]

So total interest to be paid each year will be $1209.6 which is lower than all the other options available in the hands of Johnson's.

Hence, the correct option is B that it would be beneficial for Johnson's to opt for 20% down payment at an interest rate of 6% and for a period of 30 years.

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In the supply-and-demand schedule shown above, at the equilibrium price, quantity supplied is _____ and quantity demanded is _____.

A. 50, 350
B. 450, 75
C. 200, 200

Answers

Answer:

C. 200, 200

Explanation:

Bill wants to prepare his own taxes but wants a bit more guidance. He wants to file taxes without having to spend much money. What is his BEST option for filing taxes?

A. Prepare his taxes on her own.

B. Prepare his taxes with using an electronic tax program.

C. Hire someone to prepare his taxes.

Answers

Answer: B. Prepare his taxes with using an electronic tax program.

Explanation: had this question and got it correct!

who is the supervisory body for the federal reserve system?

Answers

Answer:

The Board of Governors--located in Washington, D.C.--is the governing body of the Federal Reserve System. It is run by seven members, or "governors," who are nominated by the President of the United States and confirmed in their positions by the U.S. Senate.

Explanation:

How large a payment must this customer make on 4/20/12 to be considered on-time with their payment?

Answers

An on-time payment simply means a payment that's paid back at a particular agreed at a particular due date that has been agreed.

Your information is incomplete. Therefore, an overview will be given. It should be noted that an on-time payment is important for one to run business affectively.

In this case, to be considered on-time with their payment, the customer should pay the agreed amount. Late payments simply impact ones ability to run business and can lead to one incurring more interest.

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what is the most common goal of a trade agreement?

Answers

Answer:

For the United States, the main goal of trade agreements is to reduce barriers to U.S. exports, protect U.S. interests competing abroad, and enhance the rule of law in the FTA partner country or countries.

Which option identifies the type of budget development represented in the following scenario?

The Board of Directors of a large cereal manufacturer mandates a 6 percent increase in profits for 2015 and requests operating budgets from each department.


bottom-up approach

top-down approach

incremental method

zero-based method

Answers

Answer:top approach

Explanation:

A government securities dealer quotes a 3 month Treasury Bill at 6.00 Bid - 5.90 Ask. A customer who wishes to sell 1 Treasury Bill will receive:

Answers

The customer who wishes to sell one (1) Treasury Bill will receive $5.90 if a government securities dealer quotes a 3 month Treasury Bill at 6.00 Bid - 5.90 Ask.

The "bid" price is the rate at which the buyer will purchase the security, while the "ask" (offer) price is the rate at which the seller will be willing to sell.

Thus, in this situation, the selling customer will receive $5.90 per Treasury Bill while the dealer will sell it for $6.00, making profit of $0.10 ($6.00 - $5.90).

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In the ______ stage of team development, members depend on the project manager to provide direction and structure.

Answers

Based on business management, in the Forming stage of team development, members depend on the project manager to provide direction and structure.

Stages of team developmentForming StormingNormingPerformingAdjourning

Generally, the forming stage forms the first or early stage of team development.

During this period, the rest of the project manager and the members depend on him to provide direction and structure.

Hence, in this case, it is concluded that the correct answer is "Forming stage."

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One of the most popular and effective ways to teach students are known as S.M.A.R.T goals. S.M.A.R.T is an acronym that stands for specific, measurable, achievable, relevant, and timely.

a. True
b. False

Answers

a. True.

S.M.A.R.T is an acronym that stands for “Specific, Measurable, Achievable, Relevant, and Timely”.

which government website lists walt disney, bing crosby and charles lindbergh as former employees? irs nasa cia usps

Answers

The government website in which it is listed that the aforementioned names were employees is the USPS.

The United States Postal Service:

Employed Walt Disney as a postal carrier in 1918Employed Bing Crosby as a post office counter Employed Charles Lindbergh as an airmail pilot

The USPS website can therefore confidently claim that at some point or the other, all three names mentioned above used to work for them.

In conclusion, the correct answer is the USPS.

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Dawn walks into a customer's office with her sales presentation planned and immediately recognizes that the customer is upset about something. In this situation, Dawn should Dawn walks into a customer's office with her sales presentation planned and immediately recognizes that the customer is upset about something. In this situation, Dawn should:

a. maintain a happy and cheerful demeanor.
b. sit down immediately and begin the presentation.
c. All of the answers are correct.
d. say something funny in an attempt to lighten the customer's mood.
e. ask if she should come back some other time for the meeting.

Answers

I think the answer would be C hope it helps

margaret puts money into her savings account each month. in this example money is functioning as a

Answers

Answer: a store of value

In case where Margaret deposits money into her savings account monthly, the money functions acts as a store of value.

What are the characteristics of money?

Money is a legally sanctioned document of the government and serves as a medium of exchange. It is generally acceptable mode of payment and is legal tender.

One of the main features of money is the storage and stability of its own value. This implies that money is something which is easily accessible and can be retrieved on demand.

In the above example, Margaret puts her money into the savings account, where she can easily use, store and retrieve the amount of money as per her will and requirement. So, money acts as a store of value.

Hence, it may be stated that when someone deposits money into the savings account, such money being deposited acts as a store of value.

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how has globalization impacted operations management

Answers

Answer:

Findings show that different aspects of globalization such as competitive intensity, technological change, cost pressure, and new opportunities, affect different aspect of operational performance, namely quality improvement, cost reduction, flexibility, speed of delivery.

Explanation:

Is Mark Zuckerburg a robot? cuz he sure looks like one

Answers

Answer:

he is lol

Explanation:

Answer:

hell yea i agree the dude's hella sus

Which of the following is used by a seller to deceive a buyer? a. Bait and switch b. Contest c. Display d. Introductory offer Please select the best answer from the choices provided A B C D.

Answers

That which is used by a seller to deceive a buyer is: a. Bait and switch

Bait and switch is a tactic that is used by entrepreneurs to attract customers. They tell them to purchase a good at a low price.

However, when they come to buy, they are encouraged to buy a good that costs more.

So, in this way, the bait and switch tactics is used by sellers to deceive the buyers.

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Answer:

A. Bait and Switch

Explanation:

edge 2022

What do realtors do for the business (in a lot of detail)

Answers

Answer: Retailers sell food, hard or durable goods, and soft goods. Retailing is a trading activity that is directly related to the sale of goods or services to the ultimate consumer for personal, non-business use. A retailer is the last middleman in the machinery of distribution and is responsible to satisfy recurrent wants of consumers.

Explanation: I hope this helps!

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