Answer:
The correct answer is c) rises.
Explanation:
Each country in question will specialize in what is most efficient. At the same time, it will import the rest of the products in which they are most ineffective in terms of production. Although a country does not have an absolute advantage in producing any good, it may specialize in those goods in which it finds a greater comparative advantage and finally participate in the international market. In this sense, it can boost its foreign trade.
It is then the basic idea that countries choose to specialize in order to trade in activities where they have a certain advantage. That is, instead of producing what they do best in an absolute way, they produce what they do best in a relative way. Therefore, the difference with the theory of absolute advantage is that it does not produce what the country costs less, but the one with lower comparative costs.
Aspiring entrepreneurs can go to the internet, experienced entrepreneurs, Chambers of Commerce, Small Businessn Administration (SBA), college/university, or the community to get their questions answered. Hope this helps.
Answer:
I would personally try to teach them myself since I have more experience and help them get better at their work environment.
Explanation:
Answer:
The economy of Cuba is a largely planned economy dominated by state-run enterprises.The country's economy had grown rapidly in the early part of the century, However, from 1996, the State started to impose income taxes on self-employed Cubans.
Explanation:
Answer:
Karen will owe an interest amount of=$36.75
Explanation:
<em>Step 1: Determine the total amount after a month </em>
The total amount compounded annually can be expressed as;
A=P(1+R/n)^(nt)
where;
A=total amount
P=principal amount
r=annual interest rate
n=number of periods the interest is compounded annually
t=number of years
In our case;
A=unknown
P=$2,450
r=18%=18/100=0.18
n=12
t=1/12
replacing;
A=2,450(1+0.18/12)^(12×1/12)
A=2,450(1+0.18/12)^1
A=2,450(1.015)
A=$2,486.75
<em>Step 2: Determine the interest amount after a month </em>
Interest amount=total amount-principal amount
where;
total amount=$2,486.75
principal amount=$2,450
replacing;
Interest amount=2,486.75-2,450=$36.75
The interest amount=$36.75
