Answer:
The United States can specialise in producing goods and services which capitalise on its competitive advantages.
Explanation:
Increased global trade opens the United States (U.S) to international markets. This allows businesses in the U.S to scale their operations so as to meet world demand. In doing so, these businesses may experience lower costs per unit due to increasing production capacity. This growth in operations could lead to increased competition from foreign businesses seeking to enter or operating in the U.S economy. Owing to this, higher levels of innovation and efficiency at firm level would be instituted so as to offer competitive prices.
I would say that the unemployment rate does not change. This is because people from the fishing industry might have shifted to the travel industry hence fishing deceasing and travel increasing, then the rate is still the same.
Option D
Answer:
b. direct labor and factory overhead
Explanation:
The conversion cost is that convert which is used to convert the raw material to the finished goods inventory. It is a combination of the direct labor cost and the factory overhead or manufacture overhead cost.
It can be fixed or variable marinating costs only. It does not include direct material cost
It is computed by taking a difference of production cost and raw material cost
Hence option b is correct
Answer:
The value of GDP is 75
Explanation:
GDP is equal to Consumption + Investment + Government Spending + Net Exports (Exports minus Imports), where total Investment is equal to Fixed Investment plus the Change in Inventories.
The change in GDP will therefore equal the change in Consumption + the change in Investment + the change in Government Spending + the change in Net Exports, where the change in Investment will equal the change in Fixed Investment plus the change in the Change in Inventories.
= Government purchases of goods and services (10) + Consumption Expenditures (70
)+ Exports (5
) - Imports (12) + Change in Inventories (-7
) + Construction of new homes and apartments (15
) - Sales of existing homes and apartments (22
) + Government payments to retirees (17
) + Business Fixed Investment (9)
= 75
Answer:
B) $1,187.50
Explanation:
The computation of the total profit or loss on this investment is given below:
Expiration price = 1061'4 = 1061 + 4 ÷ 8 = 1061.50
Quoted price = 1056'6 = 1056 + 6 ÷ 8 = 1056.75
Now the profit is
= (1061.50 - 1056.75) × 5000 × 5
= $1,187.50
Hence, the profit on this investment is $1,187.50
