Answer:
Portugal and Germany and Comparative Advantage
a. Portugal
b. Germany
c. 3 barrels of oil
d. 1/11 barrels of cheese
e. 4 (11/3) barrels of oil per pound of cheese.
Explanation:
a) Data and Calculations:
Portugal's opportunity cost of producing a pound of cheese = 3 barrels of oil
Germany's opportunity cost of producing a pound of cheese = 11 barrels of oil
3/11 = 0.27
b) Portugal enjoys comparative advantage in the production of cheese while Germany enjoys comparative advantage in the production of oil because Portugal can produce cheese at lower costs than Germany while Germany can produce oil more efficiently than Portugal. When these two countries specialize in the production of the product that they enjoy comparative advantage, more goods will be produced in total, and they can exchange their surpluses with each other.
deferral is the answer.
A deferral in accrual accounting is an account on which income or expenses are recorded at a later date. Pensions, surcharges, taxes, income, etc. Accruals and deferrals can be viewed as either assets or liabilities, depending on the type of accrual. See also boundaries.
deferral means money paid or received before the product or service is offered. Here is an example of postponement: Insurance fee. Subscription-based services (newspapers, magazines, TV shows, etc.) Prepaid rental.
deferral is a payment made in one accounting period but not reported until the next accounting period. For example, if you made a payment at the end of the year but did not report until the new year, this will be postponed.
Learn more about deferral here:brainly.com/question/16967814
#SPJ4
good or service and its availability in the market.
Answer:
birthday
Explanation:
- give them a happy birthday card but glue the card shut
- give them a wrapped present but inside the box put nothing but glitter in it
Answer:
A. Skyscrapers
Explanation:
The plain implication and meaning of substituting capital for land is the building of skyscrapers or very tall buildings especially to house service providing firms. These skyscrapers actually represent the concentration of both labour and capital on a piece of land.
Furthermore, buildings most especially of offices, finance, insurance and advertising firms most especially in city centers represent the substitution of capital for land. This is especially so because these offices and businesses usually located in the skyscrapers earlier mentioned are not manufacturing plants or buildings and hence, they are not involved in the production of goods that require capital.
The land is therefore acquired to provide services to people which can not be accomplished by the production of goods.
Therefore, the building of skyscrapers represent the substitution of capital for land most especially for the service sector further pushing the manufacturing buildings farther out of the central cities.
