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What considerations might limit the extent to which the theory of comparative advantage is realistic?Answer: The theory of relative advantage was initially advanced by the nineteenth century economist David Ricardo as a description for why nations trade with one another.The theory claims which economic well-being is improved if each country’s citizens generate what they have a comparative advantage in generating relative to the citizens of other countries, and after that trade products. Fundamental the theory is the assumptions of free trade among nations and that the factors of production (labor, technology, land, buildings, and capital) are comparatively immobile. To the extent that these types of assumptions do not hold, the theory of comparative advantage will not practically describe international trade.
A firm's operating and financing decisions Risk also results from decisions made within the company. This risk is usually divided into two classes: - Business risk is th
An asset needed by the ABC Corp. can be purchased for $100,000. Maintenance and other ownership expenses will total $20,000 each year for the asset's expected 10-year life. On the
How would you explain transaction exposure? How is it different from economic exposure? Answer:Transaction exposure is the sensitivity of comprehend domestic currency values of
What are the primary variables being balanced in the EOQ (Economic Order Quantity) inventory model? Explain The primary variables being balanced in the EOQ (Economic Order Quant
QUESTION 1 Discuss the role and contribution of the procurement function in an organisation. QUESTION 2 Discuss the main objectives of purchasing negotiations. Compare
limitations of historical cost
how does "x" company hegde itself? the company name will be shared later.
Principles of Good Regulation While performing its functions, the FSA needs to take into account certain matters which are termed the ‘principles of good regulation'. The matte
Harmonisation of Accounting Standards Recognising the required for international harmonisation of accounting standards, in year 1973, the International Accounting Standards Co
What is the meaning of Breakeven point?
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