The inability of Nathan's company to sell their products in China can be said to be: lack of knowledge.
<h3>What is Knowledge of a Market?</h3>
Understanding your market target for a specific product goes a long way in saving resource wastage and facilitates effective marketing strategy that gurantees sales.
Knowledge of the culture and language of a market is key to penetrating a market.
Thus, the inability of Nathan's company to sell their products in China can be said to be: lack of knowledge.
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As per the given case, the amount that is added to GDP is $350.
<h3>What do you mean by GDP?</h3>
GDP refers to the measure of all final goods and services that have been bought by the final user produced in the country.
As per the given case, Farmer smith bought seed and fertilizer for $100. He grew wheat that he sold to the wander bread company. Consumers bought the bread from the grocery for $350. Therefore, it was added to the GDP.
So, $350 was added to the GDP.
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In finance, a bond is an instrument of indebtedness of the bond issuer to the holders. The most common types of bonds include municipal bonds and corporate bonds. Bonds can be in mutual funds or can be in private investing where a person would give a loan to a company or the government.
Answer:
$17.9469
Explanation:
Calculation for what dollar wage must be paid in the third year
Since the first year is tend to be the base year in which the real wage and nominal wage are both $15 per hour in that year.
The real wage is suppose to increase by 2 percent in the second year which means that the real wage in year two will be $15.30 ($15 * 1.02) per hour.
In a situation where the real wage was supposed to also increase by 2 percent in the third year, this means that the real wage in year three will be $15.606 ($15.3 * 1.02) per hour.
Therefore In order for us to find the nominal wage in third year , we have to index the real wage in order for it to adjust for inflation. Thus the nominal wage in third year will be $17.9469($15.606 * 1.15).
Therefore what dollar wage must be paid in the third year will be $17.9469
Answer:
the resources consumed in production
Explanation: answer for ed2020
