Business, 11.09.2019 19:10 ashhleyjohnson
Assume france and mali can both produce grain and dates, and that the only limited resource is the farming labor force, meaning that land, water, and all other resources are plentiful in both countries.
each farmer in france can produce 10 metric tons of grain or 5 metric tons of dates in a season. each farmer in mali can also produce 10 metric tons of grain or 25 metric tons of dates. answer the four questions below.
1. which country has the absolute advantage in producing dates?
2. which country has the absolute advantage in producing grain?
3. which country has the competitive advantage in producing dates?
4. which country has the comparative advantage in producing grain?
Answers: 2
Business, 21.06.2019 22:00, annekacoleman
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Answers: 2
Business, 21.06.2019 23:00, kaylaunderwood470
Which of the following statements is correct? large corporations are taxed more favorably than sole proprietorships. corporate stockholders are exposed to unlimited liability. due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u. s. businesses (in terms of number of businesses) are organized as corporations. most businesses (by number and total dollar sales) are organized as partnerships or proprietorships because it is easier to set up and operate in one of these forms rather than as a corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, mainly because corporations have important tax advantages over proprietorships and partnerships. most business (measured by dollar sales) is conducted by corporations in spite of large corporations’ often less favorable tax treatment, due to legal considerations related to ownership transfers and limited liability.
Answers: 3
Assume france and mali can both produce grain and dates, and that the only limited resource is the f...
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