Based on the definition of speciliation and comparitive advantage, what are in the world could be said to have the comparative advantage in oil production

Answers

Answer 1

Answer:

The theory of the Comparative Advantage tells us that countries specialize in the production of those goods and services that they can produce at a lower opportunity cost than other countries.

Following this definition, we can say that the countries that have comparative advantage in the production of oil are those that either have a great amount of oil, or that have enough capital and human resources to produce a large amount of oil, even if they do not have as much oil itself.

Some of these countries would be Saudi Arabia, Qatar, Bahrein, Venezuela, and the United States.


Related Questions

Supporters of free trade argue that it creates which economic benefit?
O A. Helping the environment by reducing emissions from shipping
B. Helping consumers by lowering the cost of goods and services
C. Protecting workers by enforcing international labor regulations
D. Promoting independence by reducing reliance on foreign goods

Answers

Answer:

B. Helping consumers by lowering the cost of goods and services

Explanation:

In a free-market economy, the private sector owns the factors of production. Entrepreneurs have the freedom to choose the type of business they want to run. Production is not limited to specific firms. Businesses are motivated by profits.

Many buyers and sellers characterize free-market economies. There is increased competition among sellers. The competition makes suppliers innovate to improve the quality of the goods and services they offer to customers. Due to competition, customers get quality products and competitive prices.

Answer:

B. Helping consumers by lowering the cost of goods and services

Explanation:

just got it right!

Who has a tw octane on rocket leage?

Answers

Answer:

I do :)

Have a great day!

Answer:

me

Explanation:

What is marketing? There are three correct answers:

A. Market Research
B. Shopping
C. Social Media
D. SEO
E. Selling​

Answers

Answers are A, D and E

Answer:

E

Explanation:

selling product and services including market research and advertisement


1. What is the amount charged for failing to provide a Social Security number on your tax return?
A. $15.00
B. $50.00
C. $75.00
D. $35.00

Answers

Answer:

B. $50.00

Explanation:

The penalty for failing to supply the  Social Security number when submitting tax returns is $50. The penalty may also apply when one fails to provide the SSN in statements or other documents being submitted to the tax agency.

First Choice Bank wants to earn an effective interest rate of 18% per year. In order to suit different potential borrowers' needs, the bank offers two options. The first calculates interest on a weekly compounding basis while the second calculates interest on a monthly compounding basis. What interest rate is the bank required to report for the two options? Give one reason why a borrower might prefer monthly compounding over weekly compounding.

Answers

Answer:

What interest rate is the bank required to report for the two options?

APR for weekly compounding = 0.003188 x 52 = 0.1658 = 16.58%APR for monthly compounding = 0.01389 x 12 = 0.1667 = 16.67%

Give one reason why a borrower might prefer monthly compounding over weekly compounding.

In this case, the lender should be indifferent between monthly or weekly compounding since the effective interest rate is equal for both (if the pay in during the first week). But generally, borrowers should choose the longest compounding period option. The longer the compounding period, the less interests charged will earn more interest. In some cases. If you pay after the second week started, then you might be charged a slightly higher interest.

Explanation:

effective interest rate = (1 + i/n)ⁿ - 1

for weekly compounding:

0.18 = (1 + i)⁵² - 1

1.18 = (1 + i)⁵²

⁵²√1.18  = ⁵²√(1 + i)⁵²

1.003188 = 1 + i

0.003188 = i

for monthly compounding:

0.18 = (1 + i)¹² - 1

1.18 = (1 + i)¹²

¹²√1.18  = ¹²√(1 + i)¹²

1.01389 = 1 + i

0.01389 = i

Managers are responsible for helping ___ to understand and follow their company's code of ethics​

Answers

Answer:

Managers are responsible for helping employees to understand and follow their company's code of ethics​

Managers are responsible for helping employees to understand and follow their company's code of ethics.

What are a code of ethics and its importance?

It offers a common set of guidelines or expectations that everyone in the field must follow. It describes the industry's best practices. It serves as a foundation for achieving compliance with the profession's regulations. It gives the profession a legal standard.

The code of ethics outlines the company's values, standards, and expectations for ethical behavior. It is the manager's role to ensure that employees are aware of these values and understand how they relate to their job duties and responsibilities.

Managers are responsible for creating a culture of ethics within their teams and the organization as a whole. This means that they must lead by example and demonstrate ethical behavior themselves, while also holding their employees accountable for their actions.

Learn more about the code of ethics here:

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Which of the following is not one of the guiding questions to creating a Strategic Business Plan?
O "For whom do we do it?"
O "What do we do?"
O "What do we want?"
O "What are our strengths and weaknesses?"

Answers

What do we want is the answer I believe, correct me if I’m wrong

Explain the role of entrepreneurship in society

Answers

Answer:

Entrepreneurship plays an influential role in the economic growth and standard of living of a society. As a startup founder or small business owner, you may think that you are simply working hard to build your own business and provide for yourself and your family.

Andrew Jackson primarily supported the rights of
.

In this passage, Jackson calls for the removal of tribes from
.

He also demonstrates his
the American Indian way of life.

Answers

Answer:

1. White settlers

2.Mississipi and Alabama

3.Disaproval of

Explanation: i just did it on edg

[A speedy removal] will relieve the whole State of Mississippi and the western part of Alabama of Indian occupancy, and enable those States to advance rapidly in population, wealth, and power. It will separate the Indians from immediate contact with settlements of whites; free them from the power of the States; enable them to pursue happiness in their own way and under their own rude institutions; will [slow down] the progress of decay, which is lessening their numbers, and perhaps cause them gradually, under the protection of the Government and through the influence of good counsels, to cast off their savage habits and become an interesting, civilized, and Christian community.Like most politicians of the early 19th century, President Andrew Jackson believed that the rights of independent white farmers should take priority over the rights of American Indians. Furthermore, the country’s population was growing, and Jackson knew that white settlers would probably move onto American Indian lands no matter what treaties were signed. As this would likely lead to conflict, Jackson thought it was in American Indians’ best interests to move west.

In this speech, Jackson addresses Congress on the subject of American Indian removal.

Answer:

Andrew Jackson primarily supported the rights of  ✔ white settlers.

In this passage, Jackson calls for the removal of tribes from  ✔ Mississippi and Alabama.

He also demonstrates his  ✔ disapproval of  the American Indian way of life.

Explanation:

1) white settlers

2) Mississippi and Alabama

3) disapproval of

When a spelling error is indicated, what is a quick way to see a list of possible corrections?
Left click on the spelling error
Cut the spelling error
Highlight the spelling error
Right click on the spelling error

Answers

I'm pretty sure that its right click on spelling error
Right click on the spelling error.

students in Mr. Jaspers fourth grade class have their special classes on different days. Use the clues below to discover which day they go which class.

-The students do not begin the week with P.E or Art.
-Spanish is later in the week than music.
-Library is later in the week than art, but earlier than P.E.
-P.E is the day after Spanish

P.E. Music. Library. Art. Spanish
Monday

Tuesday

Wednesday

Thursday

Friday

Answers

Answer:

music, art, library, Spanish, pe

Explanation:

music has to be first because it isnt mentioned after anything. then art because its before library, then library because its after art but before pe, then Spanish because its after music but the day before pe, then pe because it's the day after spanish

Which is most likely to happen to consumers with good credit? Check all that apply.

Answers

Answer:

They can use credit in emergencies. A form must be filled out when someone is hired for a job to determine how much income tax will be withheld.

Explanation:

• List out the differences in the way global communities were formed before
and after the advent of the Internet and social media.
• How do you think the Internet and social media will impact global
communities in the next five years?
• What has been the impact of the Internet and social media on individuals
and on society?

Answers

Answer: 2

Explanation:

Which are examples of marketing businesses? (Check all that may apply)
Pilot Truck Shop
Target
Kroger Grocery Store
Toyota Dealership

Answers

Answer:

toyota dealership

Explanation:

What is a mission statement?

Answers

Answer:

a formal summary of the aims and values of a company, organization, or individual.

Explanation:

Answer: A company's mission statement is a short explanation of the company's purpose. It explains why the company exists and what it does for its customers.

Explanation: I got 100% Prin Bus Mktg A 2022


pls help me
1. What is the count number of the statement?
2. Was there any check card activity? If so, how many transactions were there, and what was the total amount?
3. Were there any service charges? If so, what was the total amount?
4. What is the total of all withdrawals (checks, ATM transactions, check card transactions, service charges)?

Answers

Answer:

lol it is du green one lololol dont tell on me

Choose the best definition for the word continent.

A. One of the world's four largest bodies of water.

B. A measurement of a location's distance to the north or south of the Earth's Equator.

C. The art of using measurements to move from one location to another.

D. One of the earth's seven large land masses.

Answers

Answer: D


Expansion: defined as one of the seven main land masses on Earth.

follow my grammmmmmmm
baby_syeph_1

love yaaaa

Answers

Answer:

yeah sure I'll definitely do that

What is an audiologist?

Answers

Answer:

An audiologist is a licensed healthcare professional who specializes in diagnosing and treating hearing

Explanation:

Answer:

Audiologists are health care professionals who identify, assess and manage disorders of hearing, balance and other neural systems.

Explanation:

An audiologist is a licensed hearing health care professional who specializes in the diagnosis and treatment of hearing loss and balance disorders in adults and children. ... Treatment for balance disorders and tinnitus (ringing in the ears) Hearing and speech rehabilitation programs.

Also:

An audiologist is a licensed healthcare professional who specializes in diagnosing and treating hearing, balance and tinnitus disorders and who has, at minimum, a master's degree. Many, however, also go on to get a doctorate degree (Au. D.), and only then become a Doctor of Audiology.

Question 10 of 20
How does globalization encourage economic growth worldwide?
A. By ensuring that workers in all countries make the same wages
O B. By creating a fair distribution of natural resources between
countries
O C. By making it easier for countries to trade with each other
D. By reducing pollution that can harm the global environment

Answers

Answer:


c. By making it easier for countries to trade with each other.

Globalization encourage economic growth worldwide by making it easier for countries to trade with each other.

Globalization

Globalization is the process of interaction and integration between people, companies, and governments worldwide. In the recent times, globalization has advanced in transport and communication technology.

Economic growth

Increased globalization has helped to stimulate new technology development, particularly with the growth in FDI, which helps improve economic output by making processes more efficient. This has been possible by increasing trade between countries.

Thus, globalization encourage economic growth worldwide by making it easier for countries to trade with each other.

Learn more on globalization here- brainly.com/question/15283031

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Econmics. 'Cause Lord knows that I don't be paying any kind of attention in that class

Answers

Answer:

lol

Explanation:

Input used to produce goods and services clled​

Answers

Answer:

Factors of production

what is the definition of It spectrum​

Answers

Definition of spectrum

1a : a continuum of color formed when a beam of white light is dispersed (as by passage through a prism) so that its component wavelengths are arranged in order

2a: any of various continua that resemble a color spectrum in consisting of an ordered arrangement by a particular characteristic (such as frequency or energy): such as

Select the correct answer.
Samantha works at an arcade parlor. She has noticed that, although the arcade is full during peak hours, half the game machines are
unoccupied during non-peak hours. This leads to losses because the arcade has to sustain the cost of running the utilities. What should
Samantha's arcade parlor do in order to increase demand during non-peak hours?

A. ask customers to visit the arcade during non-peak hours

B. sell game tickets (coins) at a lower price during non-peak hours

C. decrease the number of active game machines during non-peak hours

D. increase the number of games per ticket in the arcade

Answers

Answer:

B

Explanation:

all the answers makes sense but since we're specifically asked to increase demand, b makes most sense

What kind of documents does Publisher handle best?
Term Paper
Newsletter
Customer List
Balance Sheet

Answers

Newsletter!

If correct mark please! Have a nice daub

If you decide to hunt for your next job while you are still employed, you should be careful to a. Only search for jobs in other industries b. Tell your boss you are looking right away Tell your coworkers where you are looking d. Keep the information to yourself​

Answers

Answer:

D. Keep the information to yourself​.

Assuming you decide to hunt for your next job while you are still employed, you should be careful to: D. Keep the information to yourself​.

An employee refers to an individual who is employed by an employer of labor, so that he or she can perform specific tasks, duties or functions within the business firm, for a certain amount of money paid as wages or salary.

Job hunting is a process through which individuals who are seeking employment go around in search of available job opportunities while submitting an application.

Ideally, job hunting is usually carried out by unemployed people. However, some employed persons go on job hunts when they seek more experience or a higher pay.

On this note, an employed person that decides to hunt for a new job should endeavor to keep such an information to himself or herself because it could lead a termination of contract at his or her current establishment.

Read more on employment here: https://brainly.com/question/3700565

elaborate the meaning of induction and explain its purpose​

Answers

Induction is the process of welcoming, introducing and socializing the new entrants to the existing group of people. The purpose of induction Is to make the new employees feel welcome at the new workplace and with their senior employees.

Market research is the process associated with the controversial act of "data mining" or acquiring information about
potential customers.
True
False

Answers

Answer:

True

Explanation:

Market research involves collecting, analyzing, and interpreting information regarding a company's brand name, products, services, or the market. It is concerned with gathering data on potential customers, existing and possible competitors of a product about to be launched. Market research is more of a feasibility study on products and services or markets.

Market research involves collecting data from different people, such as suppliers, customers, distributors, and traders. One has to engage these individuals and gather as much information from them. The activities of obtaining information are comparable to data mining.

A business plan in its simplest form could be a paragraph written on a napkin describing a business strategy
True
False

Answers

Answer:

True

Explanation:

A business plan a guide that shows how business objectives will be met. It states the mission of the business, the resources, the target market, and the path to be followed to achieve the goals.

As the name suggests, a business plan is a 'plan.'  It is important to have a business plan in place. The plan can be written with many details and in the standard format or scribbled on paper. Other plans are only in soft copy, while others are yet to be written.

A credit score is based in part on...

a. employment and race
b. income and location
c. employment and trust
d. payment history and total debt

Answers

Answer:

d. payment history and total debt

Explanation:

A credit score shows how reliable a borrower is in meeting their debt obligations. It is a measure of a customer's creditworthiness. A high credit score signifies a customer is good and prompt in repaying their debts.

A customer's credit history influences a credit score. When tabulating a credit score, timely installments payments, not missing on installments, and prompt loan repayment have a considerable weight. Credit history is essentially the backbone of credit score.

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