The term globalization describes the increasing connectedness of societies and their economies as a result of developments in transportation and communication.
<h3>What is Globalization?</h3>
This refers to the connectedness between different societies which brings them closer in terms of development and communication.
Hence, we can see that as a result of globalization, we can see that the world is now a global village and communication is fast and instant even across great distances.
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Answer:
$106.17
Explanation:
Data provided in the question:
Amount received i.e the Principle amount = $100
Time for which money is kept in savings account, n = 12 months
Interest paid per month by the bank , r = 0.5% monthly
Now,
Future value = principle × ( 1 + r )ⁿ
or
Future value = $100 × ( 1 + 0.005 )¹²
or
Future value = $106.17
The option that can financial aid eligibility if money is withdrawn from it is C. A 529 plan.
<h3>What is a financial aid?</h3>
It should be noted that a financial aid simply means an aid that's given to people especially students to cater for their fees.
In this case, the option that can financial aid eligibility if money is withdrawn from it is a 529 plan. It enables one to save money.
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Answer:
7 barrels of oil per pound of cheese
Explanation:
Sweden has a comparative advantage in producing oil while Portugal has a competitive advantage in producing cheese.
In order for the trade to be beneficial to Sweden, it must give up less than 10 barrels of oil for a pound of cheese.
In order for the trade to be beneficial to Portugal, it must accept more than 5 barrels of oil for a pound of cheese.
Therefore, the number of pounds of cheese that would allow both countries to gain is:
The only answer option that fits within the interval is 7 barrels of oil per pound of cheese.