"Without engaging in international trade, Freedonia and Lamponia would have been able to consume at the after-trade consumption bundles" is FALSE.
<u>Option:</u> B
<u>Explanation:</u>
Specialization refers to countries' propensity to focus in certain items they exchange for other commodities, rather than to manufacture all the consumer goods on their own. As the PPF production possibilities frontier displays that production is impractical, Freedonia and Lamponia had to engage in international trade.
Both countries are able to consume the goods they produce.When a country is skilled in manufacturing a good, it can manufacture this good at a lower cost of opportunity than its trading nation. For this comparative advantage, both countries benefit from competing and trading with one another.
Collecting a family of measures when undertaking an improvement as single measure may not be enough to determine the impact of a change on the system.
An example of a undertaking is washing dishes. An example of a commitment is promising to babysit a friend's child. Especially the business of mortician and funeral management. Promise or Promise; Guarantee.
A written undertaking provided as a guarantee to take certain actions required by court proceedings. In criminal proceedings, bail guarantees the defendant's appearance in court. If the defendant does not appear, the bond will be forfeited.
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Answer:
Health insurance
Explanation:
The other insurances listed are all insurances paid out when you die.
Answer:
d. All of the above
Explanation:
Government regulations are the rules that players in an industry must abide by. In a free-market economy like the US, the government's main role is to regulate economic activities. The government enforces regulation through its various agencies.
The areas of regulations include but are not limited to
- Protecting consumers from undue exploitation by businesses,
- Encourage fair business competition
- Promote a healthy, safe work environment for employees
- Promote and sustain a clean environment
- Private data protection and security
Answer: percentage change in quantity demanded
Explanation: the basic formula for the price elasticity
