Before introducing yourself, it is imperative that you fully inform yourself about the two cases to be discussed, and what the effects of each have on the organization. It is also important to make a hypothetical situation of each case and to observe probable causes and effects that will assist in creating the probable scenario and in decision making.
Answer:
a. greater variety and lower prices
Explanation:
Due to the comparative advantages, countries can produce the product that they have proficiency. For example, if there are 2 countries, A and B. A have a skill of producing tasty wine, they can produce better quality of wine than B with the lower cost. When the trade barriers are reduced, the wine from A will be sold in B, the customer will have more choices of wine in the market and the price will relatively less different comparing to the price when the high barriers exist.
Answer:
The demand for loanable funds shifted rightward.
Explanation:
The loanable funds refers to the funds that are available for the borrowers to take the loan from the lender.
Here, the supply of loanable funds remains unchanged as consumers are saving certain funds to act as the lender. If there is a rightward shift in the demand curve for loanable funds which indicates that there is an increase in the demand for loanable funds. We know that interest rate is shown on the y axis and the quantity of loanable funds is shown on the x-axis.
Due to this rightward shift in the demand curve for loanable funds, there is an increase in an equilibrium interest rate and in the equilibrium quantity.
The answer property right. The property rights denote to the theoretic and legal proprietorship of precise property by personalities and the capability to define how such belongings is used. In many countries, together with the united states individuals usually exercise private property rights which is the rights of private persons to mount up, hold, delegate, rent or sell their property. In economics, property privileges form the basis for all market altercation and the distribution of property rights in a civilization affects the competence of reserve use.
Answer:
24 pounds of coffee worth 8 a pound should be added to 30 pounds of coffee worth 5 a pound to get a mixture worth a pound.
Explanation: