Answer:
EXPORT
Explanation:
If the domestic price of a country for a good is lower than world price before trade, it mean that the country is producing that good efficiently - at a cheaper cost. After trade, the country would export the good, so that the world can produce more of the goods it produces efficiently.
If the world price is below domestic price of a country before trade, after trade, the country would import
Answer:
Critique of advertising.
Explanation:
Advertising is a marketing strategy used by organizations or individuals to convince or persuade a consumer to buy their products.
It is used to promote goods and services using a multimedia channel such as television, radio, billboards etc.
Critique of advertising postulates that adverts usually urge or prompt consumers to buy products even when they don't need it.
Answer:
you would believe that the exact inflation rate will be 4.02% for the next year.
Explanation:
exact inflation rate = (1 + nominal return)/(1 + real return) -1
= 1.138/1.094 -1
= 4.02%
Therefore, you would believe that the exact inflation rate will be 4.02% for the next year.
Answer: C
Explanation: Transportation costs should underpin foreign trade.
Answer: $85 Billion
Explanation:
Given that,
Personal consumption expenditures in a specific year = $50 billion
Purchases of stocks and bonds = $30 billion
Net exports = (- $10 billion)
Government purchases = $20 billion
Sales of secondhand items = $8 billion
Gross investment = $25 billion
From the above information, expenditure method is more suitable.
GDP = Personal consumption expenditures + Gross investment + Government purchases + Net exports
= $50 + $25 + $20 - $10
= $85 Billion
