Answer:
Explanation:
Here Nicolas will gain comparative advantage only when he is selling the good he is specializing in and he would specialize in that good which would have lower opportunity cost for him. So the first step that we have to do here is to find out for which good Nicolas will have lower opportunity cost.
For Nicolas who in 8 hours can either catch 24 pound of fish or repair 15 cars,
the opportunity cost for catching 1 fish is = 15/24 = .625
the opportunity cost for repairing 1 car is = 24/15 = 1.6
So from the above observation we can say that for Nicolas catching fish has lower opportunity cost for him , so he should specialize in catching fish.
Therefore the term of trade for Nicolas would be
1 fish = .625 cars ,
if he can catch and sell 100 units worth of fish then he would have to give up 62.5 cars and then only he will gain from trade,
1 x 100 fish = .625 x 100
100 fish = 62.5 cars.
The correct answer is B. Urbanization lowers the peak discharge of streams and decreases the lag time after a rainstorm.
Answer:
d. Group Norm
Explanation:
Group Norms are informal rules that generally discourage behaviors that impede the efficacy of a group and and encourage the group to work efficiently.
They are regulations that groups adopt that ensure some form of order and they are also a reflection of the expectation of members of the group should interact and work.
Here, agreeing that members of the group will only discuss group-related matters at 1pm on Wednesdays is an example of a Group Norm because;
1. It is an unwritten rule
2. It is majorly to ensure that order is maintained so that the purpose of the group remains undefeated.
Answer:
The solution and the calculation is shown on the first , second , third and fourth uploaded image
Explanation:
Answer:
true
they are e.g like our capitalists
