Answer:
the correct answer is D.
The major department head who is appointed by the president to deal with foreign countries is the.
The Secretary of State is that the major department who is appointed by the president to pander to foreign countries.
The Secretary of State, appointed by the President with the recommendation and consent of the Senate, is that the President’s chief foreign affairs adviser. The Secretary carries out the President’s foreign policies through the State Department and therefore the office of the us. Created in 1789 by the Congress because the successor to the Department of Foreign Affairs, the Department of State is that the senior federal department of the U.S. Government. The Secretary of State’s duties referring to foreign affairs haven't changed significantly since then, but they need become way more complex as international commitments multiplied.
Learn more about secretary of states.
https://brainly.com/question/9348502
#SPJ4
thompson engine company manufactures and sells diesel engines for use in small farming equipment. for its 2017 budget,
Thompson Engine corporation manufactures and sells diesel engines to be used in small farming devices. For its 2017 finances, Thompson Engine enterprise estimates the subsequent:
The selling fee $ 7,000
Variable cost consistent with engine $ 2,000
Annual constant charges $5,560,000
internet earnings $ 900,000
earnings tax rate 40%
The primary-quarter income announcement, as of March 31, said that income had been not meeting expectancies. during the primary area, the simplest three hundred units had been sold at the modern price of $7,000. The earnings statement confirmed that variable and stuck charges were as planned, which intended that the 2017 annual net earnings projection might not be met except if management took movement. A controlled committee become formed and presented the following together one of a kind alternatives to the president:
Lessen the promotion price by 15%. The sales company forecasts that at this drastically reduced charge, 1,400 gadgets can be sold for the duration of the remainder of the 12 months. overall fixed prices and variable prices in step with units will live as budgeted.
Learn more about The Company budget:-https://brainly.com/question/18296077
#SPJ4
identify specific asset, liability, revenue, and expense accounts that cookie creations will likely use to record its business transactions.
Asset: unique properties that Cookie Creations will use are debts receivables and current assets. money owed receivable will get up whilst human beings have not but paid for the organization sessions and man or woman training. Cookie Creations may even have a few fixed properties within the form of equipment like mixers, ovens, and so on. with a view to being used to make cookies.
Liability: The enterprise could have to shop for substances like cream, dough, chocolate, etc. suppliers usually increase credit and so the enterprise may have modern liabilities in the shape of bills payable. The commercial enterprise may take financial institution loans for financing the commercial enterprise and this can be lengthy-term debt.
Revenue: Revenue can be generated through fees and charges charged for institution periods and man or woman lesions.
Expences: There might be the value of maintaining the periods, trendy and administrative expenses, and interest expenses on a financial institution loan if any. Depreciation might be charged on constant properties like ovens, mixers, and many others.
Learn more about Identify specific here:-https://brainly.com/question/24416657
#SPJ4
kane inc. owns 30% of woodhouse co. and applies the equity method. during the current year, kane bought inventory costing $71,500 and then sold it to woodhouse for $130,000. at year-end, only $30,000 of merchandise was still being held by woodhouse. what amount of intra-entity gross profit must be deferred by kane?
If kane inc. owns 30% of woodhouse co. and applies the equity method. during the current year, kane bought inventory costing $71,500 and then sold it to woodhouse for $130,000. The amount of intra-entity gross profit that must be deferred by kane is: $4,050.
Intra-entity gross profitUsing this formula
Intra-entity gross profit=Merchandise×[(Selling price-Cost of inventory)/Selling price]×Rate
Intra-entity gross profit=30,000×[(130,000-71,500)/130,000]×.30
Intra-entity gross profit=30,000×0.45×0.30
Intra-entity gross profit=$4,050
Therefore If kane inc. owns 30% of woodhouse co. and applies the equity method. during the current year, kane bought inventory costing $71,500 and then sold it to woodhouse for $130,000. The amount of intra-entity gross profit that must be deferred by kane is: $4,050.
Learn more about Intra-entity gross profit here:https://brainly.com/question/23770432
#SPJ1
to celebrate earth day, the employees of a company plan to reduce their carbon footprint in the workplace. identify the changes they can make to achieve their plan.
They can make the following changes:
Stop buying the water in plastic. Get a reusable water bottle and keep it filled at all times.
Incorporate walking or biking to some of the regular short-trip destinations. In most instances, employees can walk a mile in less than 20 minutes.
Turn off lights and unplug devices when no one is using them in the workplace.
Thermostat must be set to 78 in summer and 67 in winter. And turn-off the heat and AC when employee is not in the office cabin.
Use alternative transportation such as bus, train, carpool, or bike to get to work one day per week.
To know more about carbon footprint here:
https://brainly.com/question/1270740
#SPJ4
individually identify what you consider to be the greatest achievements accomplished by mankind in the last five decades. now share your list with three to five other students in the class, and come up with an expanded list. review these accomplishments in terms of the definition of a project. what does your review suggest about the importance of project management?
The greatest achievements accomplished by mankind in the last five decades are- Mass production of personal computers: With the support of Steve Jobs' Apple and Bill Gates' Microsoft, personal computers became widely used in homes and offices in the early and middle 1990s, revolutionizing society and boosting productivity.
Internet: Although it wasn't created in the last fifty years, the internet started to become widely used in the late 1990s. Computers (and, in modern times, cellphones) wouldn't be as capable and significant without the internet. The way we communicate and conduct business has both altered as a result of the internet.
Project management refers to the process of breaking a project down into tasks and distributing those assignments to other team members. The achievement of these minor objectives results in the gradual realization of the main objective. that is, The Project. You would have trouble finishing the project on time without good project management. Making the team accountable would be challenging, and maintaining team unity would be even more difficult.
To learn more about importance of project management here
https://brainly.com/question/14445886
#SPJ4
a good without any close substitutes is likely to have relativelyelastic demand, since consumers cannot easily switch to a substitute good if the price of the good rises.
A good without any close substitutes is likely to have relatively elastic demand, Since consumers cannot readily convert to a substitute item if the price of the original good increases, a good without any near substitutes is likely to have relatively Inelastic demand.
Inelastic Demand:
When a buyer's desire for a product does not fluctuate as much as a product's price change, this is known as inelastic demand. Demand is said to be inelastic when the price rises by 20% yet the decline in demand is only 1%. This problem frequently arises with common household goods and services. People will continue to buy roughly the same amount of goods or services after a price increase since their needs remain the same. Similar circumstances apply when the price is reduced; the demand for the product will not rise significantly as a result of consumers' limited need for it (s).
To learn more about Inelastic demand.
https://brainly.com/question/28001343
#SPJ4
A decrease in the demand for soft drinks due to changes in consumer tastes, accompanied by an increase in the supply of soft drinks as a result of reductions in input prices, will result in.
A decrease in soft drink demand due to shifts in consumer tastes, combined with an increase in soft drink supply due to lower input prices, will lead to a decrease in soft drink equilibrium price; the equilibrium quantity might very well increase or decrease.
The equilibrium price is the only price at which consumers' and producers' plans coincide—that is, the amount consumers desire to purchase of the good or service, quantity demanded, equals the number producers want to sell, quantity supplied. The equilibrium quantity is the name given to this common quantity. In any other cost, the quantity demanded doesn't really equal the quantity supplied, indicating that the market is not in equilibrium.
To learn more about equilibrium price: brainly.com/question/22569960
#SPJ4
the city of springvale levies a tax on the value of real property located within its city limits. the tax equals 2 percent of the property’s assessed value up to $500,000 plus 4 percent of the value in excess of $500,000.
Tax increments are levied on the difference between the TID's base value and current value by all abutting taxing jurisdictions.
$415,00 x 2% = $8,300 in property tax.
$19,000 ($500,000 2% + $225,000 4%) is the property tax.
Compute the tax on real property valued at $415,000.
A tax is a mandatory financial charge or other sort of levy that is placed on a taxpayer by a government agency in order to pay for various public expenditures, taxes, and government spending in general. Value increment is the difference between the base value and the current value of the Tax Incremental District (TID). The amount of the property worth determines the tax increment.
Tax increments are levied on the difference between the TID's base value and current value by all abutting taxing jurisdictions. The taxes are paid to the municipality that manages the TID, and they must be used to cover the costs of the authorized project.
To learn More about Income Tax from the given link.
https://brainly.com/question/26316390
#SPJ4
according to the theory of money neutrality, money supply growth does not affect variables such as real output and employment in: a. the long run.
Although many modern economists continue to hold the view that neutrality is assumed in the long run once money has circulated throughout the economy, modern versions of the theory acknowledge that changes in the money supply might have an impact on output or unemployment levels in the short term.
What causes the money supply to increase?
People like to hold more money while interest rates are falling than when they are rising, and vice versa. Another method for bringing the money supply and demand into balance is through price changes. When people have more nominal money than they need, they spend it more quickly, driving up prices.
To know more about money supply
https://brainly.com/question/3625390
#SPJ4
WHAT DISADVANTAGES ARE THERE TO BEING A SOLE TRADER IN CONTRAST TO A PARTNERSHIP?
Explanation:
freedom
you can make quick dissions alone unlike partnership.
easy to run
requires small capital to start
you enjoy all the profits alone
the four major types of transactions that affect equity in a business are , , owner's withdrawals, and owner's investments. note: enter one word for each blank.
The four major types of transactions that affect equity in a business are revenues, expenses, owner's withdrawals, and owner's investments.
What is an equity account?An equity account can be defined as a financial portrayal of ownership interests in a business firm, which may come from the business's earnings or payments made by stockholders and owners such as:
Preferred stockContributed surplusAdditional paid-in capitalRetained earningsTreasury stockCommon stockIn Business management, there are four (4) major types of transactions that affect equity in a business and these include the following:
RevenuesExpensesOwner's withdrawalsOwner's investments.In conclusion, all financial transactions such as revenue and owner's investment, that increase equity also increases the profits and capital.
Read more on equity transactions here: https://brainly.com/question/8388954
#SPJ1
at a sales volume of 55,000 units, a certain company’s total fixed costs are $55,000 and total variable cost are $75,000. the relevant range of 50,000 and 80,000 units. if the company was to sell 59,000 units, the total expected cost would be: 135,240
If the company was to sell 59,000 units, the total expected cost would be $135,240 while total fixed costs are $55,000
What is total fixed costs?An expense that a business must incur and usually relates to time is referred to as a fixed cost. Rent for office space and/or manufacturing facilities that a business pays on a monthly basis is an excellent illustration of a fixed expense. Unless both landlords and tenants agree to re-negotiate a lease agreement, this is normally a contractually agreed-upon period that is fixed.
In the case of some rental properties, predetermined incremental annual rent increases may be present, where the lease calls for rent increases of a specific percentage from one year to the next. These price increases are, however, obvious and factored into the cost calculation.
Variable cost per unit = Total variable cost ÷ Units = $ 75000÷ 55,000 = $1.36 per unit
Total cost = Fixed cost + (Variable cost per unit × Units)
= $55,000 + ($1.36 per unit × 59,000 units)
= $135240
To know more about Fixed cost go to the given https://brainly.com/question/20670674
#SPJ4
Correct question
At a sales volume of 55,000 units, a certain company's total fixed costs are $55,000 and total variable costs are $75,000. The relevant range of 50,000 and 80,000 units.
If the company was to sell 59,000 units, the total expected cost would be:
A: 135,240
B: 160,160
C: 145,750
D: 150,470
which section of the policy analysis provides the overall content for the analysis by identifying key stakeholders and the factors that must be considered when analyzing the problem?
The Landscape section of the policy analysis provides the overall content for the analysis by identifying key stakeholders and the factors that must be considered when analyzing the problem.
What is the Landscape section?
The landscape provides the overall context of the analysis by identifying key stakeholders and the issues that must be considered when analyzing the problem Which stakeholders must be included depends on the issue at hand and the phrasing of the problem statement. Identifying key stakeholders: the policy analysis discussion focused on one.
To know more about the Landscape section :
brainly.com/question/19079796
#SPJ4
what aspect of the control environment is affected by the company's decision to hire temporary workers?
The commitment to competence aspect of the control environment is affected by the company's decision to hire temporary workers.
What is a temporary employee?Temporary employees may be employed by you directly or via a staffing firm. They are employed at will or pursuant to a contract and receive hourly pay or, in some circumstances, a salary. Part-time, full-time, and seasonal temporary workers are all possible. For your business, temporary employees often put in less than 1,000 hours or one year.
Costs associated with employing permanent staff can be avoided by the business. The temporary company may have already trained them. They might provide the business with a fresh, outside perspective. As a temporary employee, you have the chance to assess several businesses across various industries to determine which one best fits your working preferences and long-term professional objectives.
Temp work provides flexibility. You can pick up new abilities. Your employment gaps may be filled with temporary labor. Permanent work may follow temporary employment.
Learn more about Temporary Workers here:
https://brainly.com/question/9184663
#SPJ4
a high uncertainty avoidance ranking indicates that the country has a high tolerance for uncertainty and ambiguity.
A high uncertainty avoidance ranking indicates that u . s. a . has an excessive tolerance for uncertainty and ambiguity and a low tolerance for uncertainty and ambiguity.
Uncertainty refers to epistemic conditions related to imperfect or unknown statistics. It applies to predictions of destiny activities, to bodily measurements which can be already made, or to the unknown. Uncertainty arises in part observable or stochastic environments, as well as due to lack of expertise, indolence, or both.
Uncertainty is described as doubt. whilst you sense as in case you aren't positive in case you need to take a new process or not, this is an instance of uncertainty. while the economic system is going awful and causing all of us to fear about what's going to show up next, this is an example of uncertainty. Uncertainty is regularly targeted on issues approximately the destiny and all of the terrible matters you can assume occurring. it can leave you feeling hopeless and depressed approximately the times ahead, exaggerate the scope of the troubles you face, and even paralyze you from taking motion to overcome trouble.
Learn more about Uncertainty here:
brainly.com/question/3998745
#SPJ4
Savings: $2,500 discretionary spending: $450 per month option a to buy has a total cost of 22,780 dollars, up-front cost of 2,500 dollars, monthly payment of 338 dollars for 60 months, and no mileage restriction. option b to lease has a total cost of 12,169 dollars, up-front cost of 3,925 dollars, monthly payment of 229 dollars for 36 months, and mileage restriction of 10,000 per year. compare the costs of buying and leasing a new vehicle. what are the advantages of buying the car? check all that apply. i have enough saved for the down payment. there are no mileage restrictions. the price of the car is less. the monthly payment is less. i will own the car in five years.
Answer: A,B,E
Explanation: EDGE
Answer: a,b,e
Explanation: edu
oct 8, 2022
establishing a positive relationship with all key stakeholders early in the project helps to create a desire among those stakeholders to support the project, and builds the communications foundation for the project. group of answer choices true false
Establishing a positive relationship with all key stakeholders early in the project helps to create a desire among those stakeholders to support the project, and builds the communications foundation for the project. This statement is True.
What does stakeholder mean?
A stakeholder is a party involved in a business that affects or is affected by the business. The main stakeholders of a typical company are investors, employees, customers and suppliers.
Who are the company's stakeholders?
A stakeholder is an individual, group or organization directly involved in or indirectly affected by a project, product, service or business. As such, stakeholders also influence why and how companies do business.
What is the role of stakeholders?
Stakeholders help complete a company's project or organization by providing valuable support, insight, and resources. Understanding the roles of stakeholders is critical to project success.
Learn more about stakeholder here:- https://brainly.com/question/4404879
#SPJ4
will you now or in the future require sponsorship for employment visa status (e.g. h-1b visa status)? f1 student
The answer is yes if you require the employer to start (or "sponsor") an immigrant or cooperate with their system in order to hire you now or in the future.
What does it mean to need sponsorship for a Visa?
The willingness of a company to provide access sponsorship for highly qualified individuals outside the United States is captured. Employers deal with a difficult procedure. They must demonstrate that they would need to staff their entrances with qualified American workers in order to sponsor a ticket.
Almost all students should choose "yes" when asked if they currently or in the future plan to apply for job visa sponsorship. Most international grads will look for H-1B and maybe other work visa sponsorship because their CPT or OPT expires.
to know more about visa sponsorship
https://brainly.com/question/4487826
#SPJ4
based on the recognition principle, revenue is recorded on the financial statements when the: payment is collected for the sale of a good or service. earnings process is virtually complete. value of a sale can be reliably determined. product is physically delivered to the buyer.
The recognition principle, revenue is recorded on the financial statements when the: (a)earnings process is virtually complete (b) value of a sale can be reliably determined.
What Are financial Statements?
Financial statements are written records that carry the enterprise activities and the financial performance of a enterprise. Financial statements are regularly audited via authorities companies, accountants, corporations, and many others. to make sure accuracy and for tax, financing, or making an investment functions.
What are the principle 3 financial statements?
The earnings declaration, stability sheet, and assertion of cash flows are required financial statements. These three statements are informative tools that investors can use to investigate a business enterprise's economic energy and offer a short photo of a enterprise's monetary fitness and underlying fee.
What are the four varieties of financial statements?
There are four fundamental financial statements. they're: (1) balance sheets; (2) earnings statements; (3) cash float statements; and (4) statements of shareholders' fairness. balance sheets display what a agency owns and what it owes at a fixed point in time.
What are the 6 basic financial statements?
The economic Accounting standards Board (FASB) has defined the following factors of financial statements of enterprise organizations: belongings, liabilities, equity, revenues, costs, gains, losses, funding with the aid of owners, distribution to proprietors, and complete earnings.
Learn more about Financial statements here :- https://brainly.com/question/24498019
#SPJ4
a company can only be concerned about its responsibilities once it has met its economic and legal responsibilities.
A company can only be concerned about its ethical responsibilities once it has met its economic and legal responsibilities. Option E
This is further explained below.
What are legal responsibilities?Generally, The term "legal responsibility" refers to the imposition of specific responsibilities onto a person, such as the duty to care for or provide for another person, in addition to the accountability for personal commitments that may be provided by a court order or a power of attorney.
In general, the term "legal responsibility" refers to the imposition of certain responsibilities onto a person.
One example of economically responsible behavior is when a corporation makes all of its financial decisions while maintaining its dedication to improving its performance in the aforementioned domains.
The ultimate goal is not just to maximize profits but also to have a positive impact on the people, society, and ecology of the whole planet. This is the ultimate aim.
In conclusion, After it has satisfied its financial and legal obligations, a firm may next turn its attention to the ethical duties that are its responsibility. Alternative E
Read more about legal obligations
https://brainly.com/question/1523801
#SPJ1
complete question
A company can only be concerned about its _____ responsibilities once it has met its economic and legal responsibilities.
A. stakeholder
B. societal
C. cultural
D. corporate
E. ethical
when a store hires a new worker, which arena of exchange is involved—the factor market or the product market? explain.
Answer:
Factor Market
Explanation:
The factor market deals with all the resources that businesses use to purchase, rent, or hire what they need in order to produce goods or services. A new worker being hired falls under the factor market because they are being hired to produce goods or services for the store.
the ordinary business of life: a history of economics from the ancient world to the twenty-first century
Marshall established the basic economic activities taken out by a person to exist. Thus, by 'ordinary business of Life', he directed to the analysis of economic activities of man.
What does economics is an analysis of mankind in the ordinary business of life means?Political Economy or Economics is a breakdown of mankind in the ordinary business of life; it studies that part of individual and social action which is most near connected with the achievement and with the use of the material requisites of wellbeing. Economics impacts our daily lives in both prominent and subtle ways.
To learn more about Political Economy visit the link
https://brainly.com/question/23274600
#SPJ4
Elaborate on the meaning of the vision and mission statement of a business
dane, inc. purchased 10 shares of its own $5 par value common stock for $20 per share. the journal entry to record this transaction would include a (debit/credit)
dane, inc. purchased 10 shares of its own $5 par value common stock for $20 per share. the journal entry to record this transaction would include a (debit/credit) must be Cash $800
What is journal entry?
In order to document a business transaction in the accounting records of the company, a journal entry is employed. A journal entry is often made in the general ledger, but it can also be made in a subsidiary ledger and subsequently rolled forward into the general ledger after being summarized. After then, the general ledger is utilized to produce the company's financial statements.
Every business transaction should be recorded in at least two places, according to the reasoning behind a journal entry (known as double entry accounting). For instance, when you make a cash sale, the revenue account and the cash account are both increased. Alternatively, if you purchase items on credit, this raises both the accounts payable and inventory accounts.
To know more about Journal entries, visit;
https://brainly.com/question/20421012
#SPJ4
A company wishes to determine the eoq for an item that has an annual demand of 2,000 units, a cost per order of $75, and annual carrying cost of 7. 50 per unit. What is the eoq?.
The economic order quantity (EOQ) is found to be 200units.
Given here the Annual demand(D) = 2,000 Units, Cost per order(O) = $75 and Carrying cost(C) = $7.50.
Now, we calculate, Economic order quantity (EOC) by the formula,
EOC= [tex]\sqrt{}2DO/C[/tex]
= [tex]\sqrt{2 × 2000 Units × $75 / $7.50}[/tex]
= [tex]\sqrt{40000units\\}[/tex]
EOQ= 200 Units.
Thus, the economic order quantity (EOQ) is found to be 200units.
Companies determine their ideal order size by performing a calculation known as the economic order quantity (EOQ), which enables them to meet demand without going overboard. For the purpose of reducing holding costs and surplus inventory, inventory managers calculate EOQ.
EOQ can assist you in determining where to draw the line in situations when your vendors provide volume discounts and other inducements to make larger purchases.
To learn more about economic order quantity, refer this link.
https://brainly.com/question/26814787
#SPJ4
the requirement that the economic activities of a business owner should be separated from the activities of the business is an example of which accounting assumption?
The economic activities of a business owner should be separated from the activities of the business is an example of Economic Entity accounting assumption.
What is Economic Entity?
One of the presumptions made by widely accepted accounting rules is that an economic entity exists. An enterprise can be almost any kind of social structure or unit. Hospitals, businesses, towns, and government organizations are some examples of monetary entities.One of the presumptions made by widely accepted accounting rules is that an economic entity exists.
Therefore,
The requirement that the economic activities of a business owner should be separated from the activities of the business is an example of Economic Entity accounting assumption.
To learn more about economic entity from the given link:
https://brainly.com/question/14618665
#SPJ4
geppetto and lewis agree to trade at a rate of 3 puzzles for each puppet. with those terms of trade, who is most likely to be the supplier of puzzles? who is most likely to be the supplier of puppets
Puzzles are most likely supplied by Geppetto, while puppets are most likely supplied by Lewis. Geppetto is most likely the source of puzzles.
This is further explained below.
What are puzzles?Generally, A puzzle is any activity (such as a game, a problem, or a toy) that challenges a person's intelligence or inventiveness.
When solving a puzzle, it is required of the solver to fit the parts together in a manner that is consistent with logic in order to arrive at the proper or enjoyable solution to the challenge.
In conclusion, Geppetto is most likely the one who provides the puzzles, whilst Lewis is most likely the one who provides the puppets. It is most likely Geppetto who is responsible for the riddles.
Read more about puzzles
https://brainly.com/question/21327199
#SPJ1
in the sales comparison method, quantitative adjustments are based on dollars, while qualitative adjustments are based on percentages.
To account for the variations between the topic and the comparable sales, quantitative adjustments are either percentage or monetary adjustments. The appraiser must rank the similar sales in terms of superiority/inferiority to the subject in order to make qualitative changes.
What are quantitative adjustments?Quantitative adjustments include percentage and/or monetary adjustments to account for differences between the property in question and its peers. This method of using quantitative adjustment has advantages and disadvantages. Quantitative adjustments are desirable because they can provide measurable and quantifiable adjustments. For this reason, it is considered a far more objective adjustment than a qualitative adjustment. This type of analysis/adjustment is mostly considered more accurate and reliable due to the scientific nature of the quantitative analysis. At the same time, finding the data necessary to validate a quantitative adjustment can be very difficult or even impossible. Let's explore some methods used in quantitative fitting.
To learn more about quantitative adjustments, visit:
https://brainly.com/question/26311405
#SPJ4
if both producers decided to trade with each other to stock their toy stores, the terms of trade that would benefit both geppetto and lewis (1 puppet
They would be willing to trade in the range of 2 puzzles per puppet to 5 puzzles per puppet.
Trade between two agents or countries allows the countries to enjoy the next total output and level of consumption than what would be possible domestically. Canada and Mexico can each specialize in the great they need a comparative advantage in and exchange with each other.
The terms of trade are dependent as long as they're between the 2 countries' opportunity costs. As an example, any amount of greater than 1/3 and fewer than 1 traded for 1 cotton shirt would represent interdependent terms of trade. The gains from trade are only supported by comparative advantage, not absolute advantage.
A person can have an absolute advantage in both goods or activities, and yet still gain from trade by specializing within the good or activity during which it's a comparative advantage. The theory of comparative advantage holds that whether or not one nation can produce all goods more cheaply than can another nation, both nations can still trade under conditions where each benefits.
Under this theory, what matters is relative efficiency. Even when one country has an absolute advantage altogether products, trade can still benefit either side. This can be because gains from trade come from specializing in one's comparative advantage.
learn more about trade: https://brainly.com/question/24473707
#SPJ4
Complete question: If both producers decided to trade with each other to stock their toy stores, which of the following is a range of terms of trade that would benefit both Geppetto and Lewis (1 puppet = x puzzles)?