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myrzilka [38]
3 years ago
8

An article in the New Yorker magazine states, "the main burden of trade-related job losses and wage declines has fallen on middl

e- and lower-income Americans. But...the very people who suffer most from free trade are often, paradoxically, among its biggest beneficiaries." Explain how it is possible that middle- and lower-income Americans are both the biggest losers and at the same time the biggest winners from free trade. Source: James Surowiecki, "The Free-Trade Paradox," New Yorker, May 26, 2008. It would be possible for middle- and lower-income Americans to be both the biggest losers and at the same time the biggest winners from free trade if they are the ones most likely to O A. work in industries that do not have an absolute advantage and purchase those goods in O B. work in industries that have a comparative advantage and purchase those goods in which O C. work in industries that produce at higher total cost than do other countries and purchase 0 D. work in industries that do not have a comparative advantage and purchase those goods in O E. work in industries that produce at higher opportunity cost than in other countries and which other countries have an absolute advantage. other countries have a comparative advantage. those goods that can be produced at lower total cost in the United States. which the United States has a comparative advantage. purchase those goods that can be produced at lower opportunity cost in other countries.
Business
1 answer:
laiz [17]3 years ago
6 0

Answer:

Option E.

Explanation:

In free trade, a country with a comparative advantage in a good produces that good in the long-term. Therefore, if these people are working in an industry in which it has a higher opportunity cost i.e. it does not have a comparative advantage; they will eventually see job loss or fall in income or both. On other hand, when they purchase goods which has lower opportunity costs in foreign, they get access to these at a lower price and can purchase a higher quantity. So, these people are both harmed and benefitted by free trade.

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By following the strategic planning process, HR teams and stakeholders have a higher likelihood of success in addressing a busin
Semmy [17]

Answer:

True

Explanation:

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8 0
3 years ago
sally borrowed $1000 from her friend monique two years ago. their arrangement required sally to repay $250 each year for the sub
ANEK [815]

Answer:

a

Explanation:

Here are the options to this question :

A. yes, 475 is more than the PV of the two remaining payments

B. More information is needed to decide

C. Monique is indifferent between the options, the PVs are equivalent

D. No, the PV of the remaining two payments is more than 475

We have to determine the present value of the remaining two payments and compare the options

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 1 = 0

Cash flow in year 2 = 0

Cash flow in year 3 = 250

Cash flow in year 4 = 250

I = 2%

PV = $466.54

$475  is greater than $466.54. Therefore, she should accept the single $475 payment

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

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3 years ago
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Answer:

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Total cost of asset = $25,000

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Interest revenue for the year 2019 = $688

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