Answer:
The answer is: As described in the question, North Korea is one of the poorest countries in the world, and it is expensive to train doctors to perform eye surgery. In a poor country, the labor cost of the doctor will not be that large but doctors need very specific and expensive equipment to perform eye surgeries. North Korea probably cannot afford to purchase the equipment necessary for performing eye surgeries.
Answer:
The correct answer is a. national income; goods and services
Explanation:
This is a relationship that we use in macroeconomics.
The IS curve describes the combinations of two variables , they are interest rate and the level of income, when the market of goods and services is in equilibrium.
So, The IS curve plots the relationship between the interest rate and national income that arises in the market for goods and services
Answer: shows the amount of real GDP that will be demanded at each possible price level.
Explanation:
The Aggregate Demand curve shows how much of real GDP is demanded at each possible price level which means that is shows the effect of the price level on real GDP.
If the price level rises, real GDP will decrease and if the price level falls, real GDP rises. This is why the aggregate demand curve is downward sloping, to reflect this inverse relationship between real GDP and price level.
Answer: Expense capitalize
Explanation:
The expense capitalize is the term which is used to refers to the capitalizing the given cost of the expenses based on their values for the purpose of evaluating all the expenses in the balance sheet.
The capitalize the expenses provide various types of benefits to the firms for obtaining the various types of updated assets that typically helps in providing the long term duration.
According to the given question, the interest in the given two cases is basically treat by expense capitalize for the purpose of financial reporting.
Therefore, Expense capitalize is the correct answer.
Answer:
International trade is the exchange of capital, goods, and services across international borders or territories.
Each nation should produce goods for which its domestic opportunity costs are lower than the domestic opportunity costs of other nations and exchange those goods for products that have higher domestic opportunity costs compared to other nations.
Benefits of trade include lower prices and better products for consumers, improved political ties among nations, and efficiency gains for domestic producers.
International trade is the exchange of capital, goods, and services across international borders or territories. Trading-partners reap mutual gains when each nation specializes in goods for which it holds a comparative advantage and then engages in trade for other products. In other words, each nation should produce goods for which its domestic opportunity costs are lower than the domestic opportunity costs of other nations and exchange those goods for products that have higher domestic opportunity costs compared to other nations.
Explanation:
In economics, the production possibility frontier (PPF) is a graph that shows the combinations of two commodities that could be produced using the same total amount of the factors of production. It shows the maximum possible production level of one commodity for any production level of another, given the existing levels of the factors of production and the state of technology.
PPFs are normally drawn as extending outward around the origin, but can also be represented as a straight line. An economy that is operating on the PPF is productively efficient, meaning that it would be impossible to produce more of one good without decreasing the production of the other good. For example, if an economy that produces only guns and butter is operating on the PPF, the production of guns would need to be sacrificed in order to produce more butter. If production is efficient, the economy can choose between combinations (i.e., points) on the PPF: B if guns are of interest, C if more butter is needed, or D if an equal mix of butter and guns is required.
