Answer:
Comparative cost advantages is characterized by an economy's ability to produce goods and services at a lower opportunity cost than that of its competitors.
Explanation:
Basically, a person has a comparative advantage if they can produce an item at a lower cost than their competitors. Thus, if a country has the means and resources to produce a certain product for cheaper, then they have a comparative advantage.
<span>Understanding the account’s interest rate </span>
Answer:
D. Although sales tax rates remained unchanged, the government's revenue from sales taxes increased considerably this year
Explanation:
If revenues froms sale tax have increased, then, consumption has increased too. A sales tax is a form of consumption tax, hence, consumption and revenues from this tax are correlated, and are directly proportional. This would weaken Tabitha's argument if true.
Answer:
Cost-based contract
Explanation:
A cost-based contract is tied to various factors which can change the overall price of a good or service. Likewise, the only difference between the cost-based contract and the fixed-price contract is the change in the price during the contract. A price can change in a cost-based contract because of inputs and economic factors such as exchange rate or interest rate.
Answer: The customer will receive $7,513 less any applicable commissions
Explanation: Based in the description made in the scenario above, with the initial execution report carrying a trade value different from the actual trading value of the shares. Since the error actually occurred in the initial execution report and not in the actual trade bargain, the the customer will receive $75.13 which happens to be the actual trading price as opposed to the $75.50 as reported initially. Hence, the initially issued and faulty execution report is withdrawn and the customer is issued with a corrected copy carrying a value of $75.13.
