Answer:
(a)France is labor abundant because it has more workers than capital. Portugal is capital abundant because it has few workers and more capital
(b) Since France is labor abundant it should export cloth and import wine whil Portugal should export wine and import cloth.
Explanation:
Solution
Given that
(a) France as a country is labor abundant as compared to Portugal which is a capital abundant. this is because, France has more number of workers than capital and Portugal possess more capital than workers.
(b) With reference to Heckscher-Ohlin theorem, a capital abundant country should export capital intensive good and the labor abundant country should export labor intensive good.
France should export cloth and import wine since it is abundant. while Portugal should export wine and import cloth.
With this, both the countries will be utilizing their abundant factors of production in an effective way. this will increase the production of both the countries.
When a country can produce a product more cheaply than its trading partners, it is known as: <span>comparative advantage
For example, United States often imported exotic fruits from Brazil. Since Brazil is a tropical country, the cost in producing exotic fruits will be significantly lower compared to growing it in the United States. Therefore, we can say that brazil has a comparative advantage in this product compared to united states.</span>
Answer:
Most of these firms had audit committees that met at least four times a year.
Explanation:
COSO stands for Committee of Sponsoring Organization, which is an organization that is dedicated to offering the thought of guidance as well as leadership on the fraud deterrence, internal control and management of enterprise risk.
From the findings which is not found as fraud is that the most of the firms or businesses had committees of audit which met at least 4 times a year.
John Maynard Keynes believed that governments should increase spending in order to increase demand .
The correct answer is increase demand
