Answer:
A
Explanation:
The country with a comparative advantage in the production of a good should export the good
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
England
Comparative advantage in the production of scones = 1/50 = 0.02
Comparative advantage in the production of sweater = 50/1 = 50
Scotland
Comparative advantage in the production of scones = 2/40 = 0.05
Comparative advantage in the production of sweater = 40/2 = 20
England has a comparative advantage in the production of scones and should export scones
Scotland has a comparative advantage in the production of sweaters and should export sweaters
Answer: To help you calculate how much money you have in your account. The best way to ensure the accuracy and safety of your accounts is to.. Monitor your online accounts regularly.
Explanation:
Answer:
2. False
Explanation:
Relationship management is considered an important part of CRM (customer relationship management) and it emphasizes on building and increasing customer loyalty and long term commitment.
If this company was to replace their traditional marketing approach with relationship marketing, they would devote more time to build a solid relationship with existing customers and less time searching for new customers.
Answer:
$20.692.24 must be invested
Explanation:
The amount to be invested today is the present value of $1,000,000 discounted at 9%.
PV = FV× (1+r)^-n
<em>PV - present value , FV- Future value , r- rate of return, n- number of years</em>
FV =1,000,000, r- 9%, n- 45
PV = 1,000,000 × 1.09^(-45)
PV = 20,692.24
Present Value = $20.692.24
$20.692.24 must be invested out of the $32,000
