Answer:
This type of market is known as perfect competition
Explanation:
Perfection competition as a form of market exhibits the following characteristics:
Large number of buyers and sellers where no single buyer or seller dictate the price or quantity demanded or supplied,the invisible hands , the forces of demand and supply determines equilibrium price and quantity.
Free entry and exit , in that a market participant can join and leave at any time without any barriers.
Perfect knowledge in that all market participants are well informed of the happenings in the market place.
Factors of production and merchandise can move from one point to the other freely without hindrance.
Answer: 200 units
Explanation:
A country has a comparative advantage in producing a good if the opportunity cost of producing that good is lower in that country as compared to other country. If a nation has comparative advantage in the production of some good then it is specialized in the production of that good.
Once the political pressure is removed and trade will take place,
The Boatland has a comparative advantage in the production of fish. Hence, Boatland is trading in fish is as follows:
125 -25 = 100
On the other hand, Farmland has a comparative advantage in the production of wheat. Hence, Farmland is trading in fish is as follows:
125 -25 = 100
Hence, the combined output of the two countries would increase by 100 + 100 = 200 units
100 units of fish and 100 units of wheat
The correct answer is technological discontinuity.
This term refers to a period of great scientific advancement which leads to a breakthrough when it comes to technology. So, when the digital camera was created, this company had to keep up with the times so as not to lose its advantage over its competitors. <span />
Sorry, I only know that it is called "the Black Thursday" on October 24, 1929.
Answer:
Explanation:
Given the following :
CATEGORY - - - - - - - - - - - - - - - - - - - - AMOUNT
Currency and coin held by the public - - $600
Checking account balances - - - - - - - - - $1,200 Traveler's checks - - - - - - - - - - - - - - - - - $10 Savings account balances - - - - - - - - - - $2,800 Small denomination time deposits - - - - $5,000 Money market deposit accounts in banks $1,000 Noninstitutional money market fund shares $2,000
The M1 money supply is composed of Traveler's cheque, Checkable deposits, currency and coins.
The M1 money supply is the sum of :
Currency and Coin Held by Public + Checking Account Balances + Traveler's Checks
$(600 + 1,200 + 10) = $1,810
