Answer:
True
Explanation:
Sweden invests more on education as a share of its GDP than almost any other country in the world by spending almost 7.6% of its GDP on education.
Sweden has among the highest primary school enrollment rates and primary school completion rates.
The Swedish economy is also driven by innovation and they invest in research and development. Most businesses are privately owned and market-oriented. Education, health care, and child care costs are primarily met by taxation. Sweden is highly dependent on free international trade to maintain its living standard. Sweden also high a long growing season for agriculture and a large timber industry.
Sweden has high economic growth and considered to be one of the most highly developed post-industrial societies in the world with a GDP growth of 2.2%; 1.2% in 2018 and 2019
Sweden is among the twenty (20) richest countries in the world
Explanation:
The answer option should be B) a setback for the union.
Answer:A) competitive advantage
Explanation:
What Is Competitive Advantage?
Competitive advantages refers to an ability of a company to produce goods or service in a way that puts them ahead of their competitors.
This mean they start to make more sales compared to their competitors in the same business.
A business find a way to produce their product in a much effecient way that may cost their customers less than what others charge in the same business for example customer will always for a cheaper substitute or similar products.
There is a 1)comparative advantage which is based on producing the similar products but in a more efficient way that their competitors which lead them to make more sale like having a cheaper product than their competitors.
2)Differential Advantage
This means a company produces a different service or product when compared to their competitors which set them apart and make them exceptional.
Such as coming up with advanced technology such as how Apple produces iPhone.
The determination of the exchange rate is made through the currency market. The exchange rate as the price of a currency is established, as in any other market, by the meeting of supply and demand of currencies. If you analyze, for example, a hypothetical situation, in which there are only two currencies the euro and the dollar. The demand for dollars (supply of euros) arises when consumers in different European countries need dollars to buy goods from the United States. In the same way dollars are needed if a European company wants to buy a building in New York, when a German citizen travels as a tourist to San Francisco or if a Swedish company buys shares in a US entity, but there may still be an additional reason to demand dollars that is pure speculation, that is, the thought that the dollar will rise in value against the euro will cause the demand for dollars to rise.
If the opposite is analyzed, the supply of dollars (demand for euros), this is done by all those companies and citizens who need euros for their needs (basically the same ones that we have analyzed before, purchase of goods and services, investments and speculation. )
The balance in a competitive market between supply and demand will mark the price of the dollar against the euro or what is the same the price of the euro against the dollar. In currency markets depreciation is known as the decline in the price of one currency over another.
