Answer:
1. Betty ; 2. Betty ; 3. Candies
Explanation:
Absolute Advantage is when one can produce more output of a good per unit of input , comparatively than other .
Comparative Advantage is when one can produce a good's output by comparatively lesser opportunity cost (other good sacrifised) than other .
AI : Chocolates = 10 , Candies = 5
Betty : Chocolates = 30 , Candies = 10
As it can be seen : Betty can produce both of more - chocolates (30) & candies(10) than AI (10,5) . So, it has Absolute Advantage in both - Candies & Chocolates.
However, AI is twice more productive in chocolates than toffees (10,5) ; but Betty is thrice more productive in chocolates than toffees (30,10). Comparatively, Betty is more productive in Chocolates. So opportunity cost of Chocolate in terms of sacrifised toffees is less for Betty 0.33 (10/30) than AI 0.5 (5/10).
So, trade between them would be : Betty selling its comparative advantage good Chocolate , AI selling its less comparative disadvantage good Candies.
Answer:
The correct answer D
Explanation:
When the price of the product is $9,99, then the customer bought 3 books per month. But when the price decreases from $9.99 to $7.99, then the customer bought 4 books per month. Because when the price of the product decreases, the quantity demanded for the product increases for the while and when the prices increases, the quantity demanded decreases, it is not constant.
Therefore, Jason is in correct as the demand for the product has not increases, but only the quantity demanded has increased.
Monetary policy refers to Federal Reserve decisions that shape the economy by influencing interest rates and the supply of cash.
<h3>What is an Economy?</h3>
This refers to the production, distribution, trade, and consumption of these goods in a given region.
Hence, we can see that monetary policy has to do with the decision that the Federal Reserve takes in order to change the economy and influences the demand, supply, price of money, and credit to meet a nation's economic objectives.
Read more about monetary policy here:
brainly.com/question/13926715
Following unfair labor practice strikes.
Employees who are on strike are known as economic strikers if their goal is to pressure their employer to make a financial concession, such as higher pay, less hours worked, or better working conditions.
They maintain their status as employees and cannot be let go, but their employer may replace them.
Unfair labor practice strikers are workers who go on strike to protest an unfair labor practice that their employer has engaged in. Such strikers cannot be permanently replaced or released.
Unfair labor practice strikers are entitled get their employment back when the strike is over, even if workers hired to do their job must be let go, barring substantial wrongdoing on their part.
If the Board determines that economic strikers or unfair labor practice strikers who filed an unequivocal demand for reinstatement had it wrongfully rejected by their employer, the Board may grant these strikers severance pay beginning at the moment they ought to have been reinstated.
To know more about strike, visit:
brainly.com/question/5171285
#SPJ4
B ) Who gets to consume the goods and services that are produced
