5. the price of trade suppose that slovenia and liechtenstein both produce boots and shoes. slovenia's opportunity cost of producing a pair of shoes is 5 pairs of boots while liechtenstein's opportunity cost of producing a pair of shoes is 11 pairs of boots. by comparing the opportunity cost of producing shoes in the two countries, you can tell that has a comparative advantage in the production of shoes and has a comparative advantage in the production of boots. suppose that slovenia and liechtenstein consider trading shoes and boots with each other. slovenia can gain from specialization and trade as long as it receives more than of boots for each pair of shoes it exports to liechtenstein. similarly, liechtenstein can gain from trade as long as it receives more than of shoes for each pair of boots it exports to slovenia. based on your answer to the last question, which of the following prices of trade (that is, price of shoes in terms of boots) would allow both liechtenstein and slovenia to gain from trade? check all that apply. 1 pair of boots per pair of shoes 7 pairs of boots per pair of shoes 10 pairs of boots per pair of shoes 3 pairs of boots per pair of shoes
Answers
In Italy, it costs 5 bushels of maize to produce a pair of shoes, but in Spain, it only 2 bushels of corn. As a result, if Italy sells maize to Spain in return for shoes, there may be reciprocal benefits from trade between the two nations.
What is shoe leather cost economics help?
The term "shoeleather cost" describes the time and labour people expend in an effort to fend off the impacts of inflation by, for example, keeping less cash, investing in various currencies that have lower rates of inflation, and making more journeys to the bank.
The increasing expenses of transactions brought on by inflation are known as shoe-leather costs. The actual cost of altering a quoted price is the menu cost. Inflation makes money a less accurate unit of measurement, which results in unit-of-account expenses.
While a country has a comparative advantage if it can create a certain thing with higher quality at a cheaper price than another country, it has an absolute advantage if it can produce a huge number of commodities with the same resources as another country.
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Related Questions
Describe the types of procedures that constitute risk assessment procedures
Answers
Risk assessment procedures are an essential part of the audit process, designed to identify and evaluate risks that may affect an organization's financial statements. By identifying and evaluating risks, the auditor can plan the audit accordingly and design appropriate audit procedures to mitigate these risks.
There are various types of procedures that constitute risk assessment procedures, including:
1. Inquiry - the auditor communicates with the management to gain an understanding of the entity's business operations and identify any risks associated with them.
2. Observation - the auditor observes the client's activities to understand the nature of the entity's operations and identify any potential risks.
3. Inspection - the auditor inspects the client's documents and records to identify any potential risks, such as errors or fraud.
4. Analytical Procedures - the auditor uses analytical procedures to identify potential risks by comparing financial information to industry averages, prior period information, and expectations.
5. Walkthroughs - the auditor follows a transaction from the start to finish to identify any potential risks in the process.
These procedures are designed to ensure that the auditor has a thorough understanding of the client's business and the risks associated with it.
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What is the difference between a job and a profession?
O A job is the work you do and a profession includes the environment you work is
O A job is the work you do and a profession includes your career field
O A job is your career field and a profession includes your work environment
O A job is the environment you work in and a profession includes the work you do
Answers
Answer:
O A job is the work you do and a profession includes your career field
Explanation:
currently, most applications of collaborative planning, forecasting, and replenishment (cpfr) have been in which industries? multiple select question. apparel food general merchandise agriculture
Answers
The most common applications of Collaborative Planning, Forecasting, and Replenishment (CPFR) are found in the apparel, food, and general merchandise industries.
In which industries are the applications of CPFR most prevalent?Explanation: Collaborative Planning, Forecasting, and Replenishment (CPFR) is a supply chain management strategy that focuses on enhancing collaboration and information sharing between trading partners.
While CPFR can be applied across various industries, it has gained significant traction in the apparel, food, and general merchandise sectors.
These industries often deal with complex supply chains involving multiple stakeholders, including manufacturers, distributors, and retailers.
The implementation of CPFR in these industries helps to improve demand forecasting accuracy, optimize inventory levels, streamline replenishment processes, and reduce costs.
The agricultural industry, although involved in the supply chain, may have different characteristics and requirements compared to the other mentioned industries, which might explain its relatively lower adoption of CPFR.
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Which of the following is the term used to describe costs which change day to day, week to week and month to month based on business activities?
Answers
Answer:
Variable costs
Explanation:
Variable costs is the term that describes business costs that vary with the production level. An increase in output increases the variable costs. Variable costs are progressive and increase or decrease with the production volume.
Examples of variable costs include raw material and distribution costs. Variable costs contrast with fixed costs, which remain constant throughout a financial period.
What is one main reason you need to be mindful of the things posted on your social media sites?
Answers
Answer:
Things posted online are there for good.
Explanation:
Even once you delete something, anyone can view it, as it leaves traces, so be careful of what you post.
Answer:
The thing you post on social media can be use against you.
(a) draw a fully labeled graph of the short-run and long-run phillips curves. label the current short-run equilibrium z, and plot the numerical values on your graph.
Answers
To draw the short-run and long-run Phillips curves and label the current short-run equilibrium point Z, one must:
Draw a vertical axis representing the inflation rate and a horizontal axis representing the unemployment rate.Plot two curvesLabel the axes as "Unemployment Rate (%)" and "Inflation Rate (%)"What is the phillips curves?To create the graph , adhere to the instructions below:
The X-axis can be marked as the "Percentage of Unemployment Rate" while the Y-axis can be identified as the "Percentage of Inflation Rate. "Create a curve that slopes downward from the upper left corner to the lower right corner, which will depict the Phillips curve in the short term.Create a vertical line on the right-hand side of the short-term Phillips curve, indicating the long-term Phillips curve.On the short-run Phillips curve, mark the present temporary equilibrium as point Z.On the horizontal axis, you can locate the point that represents the natural rate of unemployment which stands at 3%. The factual rate of unemployment stands at 8%, and you may indicate this data point on the horizontal axis.Lastly, The point representing inflation rate of 4% can be indicated on the vertical axis.
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See full text below
An economy has a natural unemployment rate of 3%, an actual unemployment rate of 8%, and an inflation rate of 4%.
(a) Draw a fully labeled graph of the short-run and long-run Phillips curves. Label the current short-run equilibrium Z, and plot the numerical values on your graph.
When licensed agent submits a renewal application with applicable fee on or before expiration date:
Answers
When a licensed agent submit a renewal application with applicable fees on or before the expiration date---After the specified expiration date, the agent will be able to continue working for up to sixty days.
What is meant by "application fee?"A fee imposed by some lenders for accepting an application. It may or may not cover additional expenses like a credit report or property appraisal, and it may or may not be refunded if the lender denies the loan.
Licensed agent:When selling a product, service, or property, licensed agents act as authorized brokers on behalf of an individual owner or organization. A licensed agent can pursue careers in a variety of fields, including banking, insurance, and real estate.
What is an agent's significance?In legal jargon, an agent is a person who has been given the legal authority to act on behalf of another person or entity. A specialist might be utilized to address a client in talks and different dealings with outsiders. The specialist might be given dynamic power.
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In 1994, president Clinton said the new trade agreements would create a market for American products in China. What happened to the American companies after opening trade with China?
Answers
Answer:
- US retailers costs decreased and their profits increased
- US suppliers moved production to China and sell to America
Explanation:
In the year 1994, the diplomatic relation between the United States and the People's Republic of China strengthened and they reestablished their positions. They then signed a bilateral trade agreement which opened the markets of China for the American products.
But things turned out differently as they were envisaged in the Chinese markets. The American' trade did not lived up to the expectations in the Chinese markets. China was a tough market for small and medium sized companies of America. The retailers of the US decreased in costs and the China's profit increased. Also the suppliers of he US moved to the production of China and they in turn sell to the American market.
Where can you review your material or learning resources before you begin an assignment? A. Recharge B. Reports C. Library
Answers
The term that is related to learning resources or materials is (c) Library. The location where students can review their learning resources or materials before starting an assignment is in the Library.What is Library?
A library is a collection of books, newspapers, magazines, articles, and many other printed materials that are made available to the general public for reading, borrowing, or reference.The importance of libraries in education cannot be overstated. Libraries play a vital role in education by providing access to resources for learning, research, and entertainment. In addition to books, libraries provide access to electronic resources like e-books, audiobooks, databases, and digital archives.
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a bond with a coupon rate of 7% makes semiannual coupon payments on january 15 and july 15 of each year. the wall street journal reports the ask price for the bond on january 30 at 100.125. what is the invoice price of the bond? the coupon period has 182 days. (do not round intermediate calculations. round your answer to 2 decimal places.)
Answers
The invoice price of the bond is $100.415.
To calculate the invoice price of the bond, we need to take into account the accrued interest since the last coupon payment. Since the last coupon payment was on January 15, we need to calculate the number of days between January 15 and January 30, which is 15 days.
The coupon payment on January 15 would have been for half of the annual coupon rate, which is 3.5%. Therefore, the accrued interest for the 15-day period would be:
Accrued interest = (3.5% / 182) x 15 = 0.29%
To calculate the invoice price, we add the accrued interest to the ask price:
Invoice price = Ask price + Accrued interest
Invoice price = 100.125 + 0.29
Invoice price = 100.415
Therefore, the invoice price of the bond is $100.415.
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a) Use an appropriate diagram, to explain how the Permanent Income Theory of Consumption reconciles the results of cross-section and time series estimate of the Keynesian aggregate consumption function. (15 marks)
(b) With the help of a diagram, explain the effect of an increase in nominal income on interest rate.
Answers
a) The expected permanent income (Pt) is defined as the average expected income over an extended period, which includes current income and other sources of income such as investments and inheritance.
b) Real Interest Rate = Nominal Interest Rate - Inflation Rate
Therefore, the rise in nominal income will lead to an increase in interest rates.
Explanation:
a) The Permanent Income Theory of Consumption (PITC) reconciles the differences between cross-section and time-series estimates of the Keynesian aggregate consumption function by emphasizing on the long-run relationship between consumption and income.PITC predicts that people's consumption is a function of expected permanent income rather than current income. This theory suggests that individuals base their consumption on a lifetime average of their income, not just the current level of their income. According to PITC, consumption is calculated as a linear combination of current income and expected permanent income, which can be expressed as follows: Ct = aYt + bPt, Where,
Ct = Consumption
Yt = Current income
Pt = Permanent income
The expected permanent income (Pt) is defined as the average expected income over an extended period, which includes current income and other sources of income such as investments and inheritance.
This consumption function depicts that when permanent income increases, consumption will also increase. PITC recognizes that households consume a portion of their permanent income in addition to a portion of their current income. The increase in permanent income may not result in an immediate increase in consumption, but it will boost the consumption function over time.
b) An increase in nominal income will increase the demand for money. This increase in money demand will result in a rightward shift of the money demand curve. The increase in the money demand curve will raise the equilibrium nominal interest rate and cause the real interest rate to increase, as shown below:
Real Interest Rate = Nominal Interest Rate - Inflation Rate
Therefore, the rise in nominal income will lead to an increase in interest rates.
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4. If your checking account's balance is
$3,678.89 and you withdraw $1,514, what
is the remaining balance?
A $2,164.89
B $5,192.89
C$2,614.89
D $3,678.89
(Step by step ) please
Answers
Basically just subtract, 3,678.89-1514 = 2,164.89
what are predictive analytics? group of answer choices techniques that extract information from data and use it to predict future trends and identify behavioral patterns. techniques that create models indicating the best decision to make or course of action to take. the scientific process of transforming data into insight for making better decisions. techniques that describe past performance and history.
Answers
Predictive analytics are techniques that extract information from data and use it to predict future trends and identify behavioral patterns. The Option A is correct.
What are predictive analytics?This refers to branch of advanced analytics that makes predictions about future outcomes using historical data combined with statistical modeling, data mining techniques and machine learning. Firm employs predictive analytics to find patterns in this data to identify risks and opportunities.
Its involves use of statistics and modeling techniques to make predictions about future outcomes and performance. Its looks at current and historical data patterns to determine if those patterns are likely to emerge again.
With use of the analytics, its allows businesses and investors to adjust where they use their resources to take advantage of possible future events. In conclusion, the analysis can also be used to improve operational efficiencies and reduce risk.
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since NJ is a small state with an economy linked to nearby states that is
Answers
Answer:
Chlorine
Explanation:
What is improved oven? in your own words.
Answers
Answer:
improved oven means improved cooking
1.research all entry level of position of hotel 2.job description
3.job title
4.job summary
5.job responsibility
please help me please help due date na nito bukas
Answers
Answer: Please Rate + Thank + Brainliest
Explanation:
Sure, I can help you with that! Here's some information on entry-level positions in hotels, including job descriptions, job titles, job summaries, and job responsibilities:
Entry-Level Positions in Hotels:
Front Desk Clerk/ReceptionistHousekeeping StaffFood and Beverage Server/AttendantMaintenance Worker/TechnicianPorter/BellhopJob Description:
Front Desk Clerk/Receptionist: responsible for checking guests in and out, answering phone calls and emails, making reservations, and handling customer inquiries and complaints.Housekeeping Staff: responsible for cleaning guest rooms, common areas, and public spaces, replenishing supplies, and reporting any maintenance issues to the appropriate department.Food and Beverage Server/Attendant: responsible for taking food and beverage orders, serving guests, setting up and cleaning dining areas, and handling payment transactions.Maintenance Worker/Technician: responsible for performing routine maintenance tasks, such as repairing equipment and fixtures, painting, and cleaning.Porter/Bellhop: responsible for helping guests with their luggage, directing them to their rooms, and providing information about the hotel and its amenities.Job Titles:
Front Desk Clerk/ReceptionistHousekeeping StaffFood and Beverage Server/AttendantMaintenance Worker/TechnicianPorter/BellhopJob Summary:
Front Desk Clerk/Receptionist: Provide excellent customer service to guests, check guests in and out, and handle guest inquiries and complaints.Housekeeping Staff: Ensure the cleanliness and comfort of guest rooms and public spaces, report maintenance issues to the appropriate department, and replenish supplies as necessary.Food and Beverage Server/Attendant: Provide excellent customer service, take food and beverage orders, serve guests, and handle payment transactions.Maintenance Worker/Technician: Perform routine maintenance tasks, repair equipment and fixtures, and keep the hotel in good condition.Porter/Bellhop: Provide assistance to guests with their luggage, direct guests to their rooms, and provide information about the hotel and its amenities.Job Responsibilities:
Front Desk Clerk/Receptionist:Check guests in and outHandle phone calls and emailsMake reservationsHandle guest inquiries and complaintsHousekeeping Staff:
Clean guest rooms and public spacesReport maintenance issues to the appropriate departmentReplenish supplies as necessaryFood and Beverage Server/Attendant:Take food and beverage ordersServe guestsSet up and clean dining areasHandle payment transactionsMaintenance Worker/Technician:
Perform routine maintenance tasksRepair equipment and fixturesKeep the hotel in good conditionPorter/Bellhop:
Provide assistance to guests with their luggageDirect guests to their roomsProvide information about the hotel and its amenitiesI hope this helps!
How do I solve for ROI?
Chapter 11: Applying Excel Data Sales $25,000,000
Net operating income $3,000,000
Average operating assets $10,000,000
Minimum required rate of return 25% Review Problem: Return on Investment (ROI) and Residual Income Compute the ROI Margin ?
Turnover ?
ROI ?
Compute the residual income Average operating assets ?
Net operating income ?
Minimum required return ?
Residual income ?
Answers
The average operating assets are $10,000,000. Net operating income is $3,000,000.The minimum required return is 25%.The residual income is $500,000. The formula for calculating ROI is as follows: ROI = (Net Operating Income/Average Operating Assets) x 100%.
where Net Operating Income = Sales - Operating Expenses.
In your case, sales were $25,000,000 and net operating income was $3,000,000. Operating expenses would be the difference between these two values, which would be $22,000,000 ($25,000,000 - $3,000,000).Average operating assets were $10,000,000, and the minimum required rate of return was 25%.
To calculate the ROI, we'll need to use the formula mentioned earlier: ROI = (Net Operating Income/Average Operating Assets) x 100%
ROI = ($3,000,000/$10,000,000) x 100%ROI = 30%
To calculate the residual income, we'll need to use the following formula: Residual Income = Net Operating Income - (Minimum Required Return x Average Operating Assets)
Residual Income = $3,000,000 - (0.25 x $10,000,000)
Residual Income = $3,000,000 - $2,500,000
Residual Income = $500,000
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Which of the following statements about the W-2 form is TRUE? A W-2 lists all the money you spent over the last year You need a separate W-2 form from EACH of your employers in order to file your taxes The W-2 includes information about the interest you earned from your investments The total earnings from ALL jobs you worked in the previous year appear on ONE W-2 for
Answers
Answer:
w2 from each of your employers in order to do your taxes
Determine the correct order for the following names: (1) Harry T. Kale, Jr., Springfield, Ohio (2) Harry T. Kale, Sr., Springfield, Oregon (3) Harry Tasher Kale, Springfield, Missouri (4) Harry Kale, Springfield, Illinois
Answers
The correct order for the given names would be:
Harry Kale, Springfield, Illinois
Harry T. Kale, Jr., Springfield, Ohio
Harry Tasher Kale, Springfield, Missouri
Harry T. Kale, Sr., Springfield, Oregon
How to determine the correct order for the nameThe order is based on the following factors:
First, the names are ordered alphabetically based on the last name:
Kale.
Among the Kales, those with no middle initial or suffix are listed first, so Harry Kale of Springfield, Illinois is listed first.
Next, the Kales with middle initials are listed alphabetically based on the middle initial: Harry T. Kale, Jr. of Springfield, Ohio comes before Harry T.asher Kale of Springfield, Missouri.
Finally, among those with the same middle initial, the suffixes are used to determine the order: Harry T. Kale, Sr. of Springfield, Oregon comes last.
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Why do many people object to globalization?
Answers
Answer:
People opposing globalization believe that international agreements and global financial institutions, such as the International Monetary Fund (IMF) and the World Trade Organization, undermine local decision-making.
Explanation:
What is the most easy career you can take that still gets you a decent amount of money?
Answers
Full time- flight attendant
Answer: Entrepreneur
Explanation:
Being self employed
Please tell me in 1 paragraph one way the world could change for the better? How could it be done? And why do you feel this way
Answers
Answer:
The world can change by decreasing the carbon footprint of humans , stop global warming and to protect the ozone layer in the atmosphere. This can be done by decreasing the amount of coal we use and looking for other alternatives for electricity, planting trees, stop polluting the air with toxic gases by imposing laws on punishment for those who burn their trash. People should use transport and bicycles more than vehicles I feel this way because global warming is impacting the environment exponentially , and causing floods and droughts and other disasters .
as a business how do you respond when crisis is occur
Answers
Answer:
you need to keep calm and assist your staff on doing the same. Together, you can ride out a crisis and ensure the business remains open, operating, and afloat for when the crisis is over. It is a challenge to stay calm among the chaos created by a crisis
Explanation:
Need Help ASAP
How do you demonstrate independence and initiative in your daily life? Discuss examples. Write 4 sentences. First, define the terms: independence & initiative. Then give me examples of each.
Will give brainly.
Answers
Answer:
I. Never stand still
2. Do more than is Required of you
3. Think as a team Member, Not an Employee
4 Speak up and share your ideas
5 Fake it till you make it
6. Consider every opportunity
7. Always be prepared
8. Be Self-Pronotional
Explanation:
Hope this helps! Tell me if I'm wrong. If thai Helps Give me brainly.
You charged $500 to your credit card to buy a new TV and paid it off after 6 months. With interest, you paid back a total of $600. Which of the following is the principal in this situation? A $500. B 6 months. C $100. D $600.
Answers
The principal in this situation involving the pruchase of a TV with a credit card is A. $500
What is the principal ?The principal in this situation refers to the original amount that was borrowed or charged to the credit card. In this case, the principal is $500 because that is the amount that was charged to the credit card to buy the new TV.
The total amount that was paid back, including interest, is $600. The difference between the total amount paid and the original amount borrowed represents the interest paid on the credit card debt.
Therefore, the principal in this situation is $500.
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Assume that the situation can be exprossod as a linear cost function. Find the cost function in this case. Marginal cost: $35; 150 items cost $6000 to produce. The linear cost function is C(x)=
Answers
The linear cost function in this case is C(x) = $35x + $750.
The linear cost function represents the relationship between the quantity produced (x) and the total cost (C). In this case, the cost function is linear, which means that the cost increases linearly with the quantity produced.
The coefficient of x, which is $35, represents the variable cost per unit. It indicates that for each unit produced, there is an additional cost of $35.
The constant term $750 represents the fixed cost component. It is the cost that remains constant regardless of the quantity produced.
By multiplying the variable cost per unit ($35) by the quantity produced (x) and adding the fixed cost ($750), we can calculate the total cost (C) for any given quantity produced (x) using the linear cost function C(x) = $35x + $750.
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The pre-approved amount of money that a bank is willing to lend a credit card holder is the credit __________. A. Balance B. Rating C. History D. Limit
Answers
Answer:
Limit
Explanation:
Answer:
D. Limit
Explanation:
The SmartArt icon will allow you to include which of the following on a slide?
Answers
I think the answer is Graphs, I hope this helps
Gross Domestic Product or GDP can be
a)Value of output of goods and services during one year
b) National Income
c)National Output
d)Aggregate Demand
e)All the stuff made by one country in one year
f)All of the above or any of the above
Answers
Answer:
f)All of the above or any of the above
Explanation:
GDP or gross domestic product is the aggregate of the values of goods and services produced within a country's boundaries. In calculating the value of GDP, economists consider the value of finished goods only.
GDP is calculated using the expenditure approach and the income approach. With the expenditure approach, GDP is the sum of all consumers, government, incomes, and net imports. The result is GDP and also the aggregate demand.
In the income approach, the GDP is the sum of all national incomes . In other words, GDP is equal to Sales Taxes plus Depreciation and Net Foreign Factor Income.
FIVE SIX SEVEN EIGHT________.
Answers
Answer:
I demand a chocolate shake? mm chocolate shakeeeee
Explanation:
Answer:
9
Explanation:
Obviously