Answer:
Will specializes in producing corns.
Explanation:
The law of comparative advantage dictates that a country should only produce that good, in which its opportunity cost is lowest among its trade partner countries. In this way, that country will specialize in the way in producing that thing. In the long run, due to the specialization, the productivity level of that country will increase which might be inform of more skilled labor or the development of new technologies that increase the production output. The increased productivity due to specialization leads to the increased output for that nation.
In case of corn, the country might specialize in producing corn, and might develop more skilled labor and more value added products from corn to increase the economic output of the country.
Answer:
The answer is Exchange rate policy.
Explanation:
Exchange rate policy is crucial to the international economy. Economic analysts recognize this, and recognize that currency policy is highly political, this can also be said that judging from macroeconomic policy from the standpoint of a representative agent, however politics is not made by representative agents but rather by representative of powerful groups in society, of voters, or of political parties.
Answer:
Mineral's right is a profit.
Explanation:
- Profit would be the proportion of net income which always significantly increases the expenditure for the time frame.
- In other phrases, this same amount of income decided to leave over even after all the appropriate and sometimes even matched perfectly expenses incurred have been rounded down again for the duration.
Answer:
a
Explanation:
Property risk is an example of a pure risk.
Pure risks are risks in which loss is the only possible outcome. It could be full loss or partial loss. Other examples of pure risks are personal and liability risks
Property risk is the risk that a person or company's property would be damaged or lost.
For example, if a building is set on fire or if a car is stolen
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