Answer:
If Meekertown allows free trade, then it will import meekers.
Explanation:
Meekertown would have no choice but to import meekers, since its import cost ($ 21) would be much less than its local production cost ($ 35). In other words, Meekertown would find it much more expensive to manufacture its own products than simply buying them in markets abroad. Therefore, importing would be much more beneficial to its economy.
Answer:
11 years is the required answer.
Explanation:
is the formula for compound interest.
Where, r is the interest rate in decimals and n is the number of times interest is compounded anually. Putting the values, we get:
Best Regards!
Answer:
B. Judger
Explanation:
The Myers-Briggs personality trait describes the Judger as people who are coordinated and have a structured way of carrying out tasks and achieving their objectives. They are mostly organised and structured in their lifestyles.
Therefore, the attributes noted in Dennis, best describes him as a Judger according to Myers-Briggs personality trait
Answer:
Opportunity cost
Explanation:
The theory of comparative advantage represent that if there is any benefit from the international trade so it does not only show the absolute advantage at lesser cost but it also represent the comparative advantage and generating at a lesser opportunity cost as the theory of comparative advantage says that the product and services should be produced at lower opportunity cost
Answer:
C) $5 million increase.
Explanation:
The computation of the change in fund balances to governmental activities is shown below:
= Capital outlay expenditures - actual expenditure
where,
capital outlay expenditure is $12 million
And, the actual expenditure would be assumed as a depreciation expense which is calculated below
= (Total capital cost - land value) ÷ (useful life)
= ($80 million - $10 million) ÷ (10 years)
= ($70 million) ÷ (10 years)
= $7 million
As land is not depreciated so we excluded it from the capital assets
Now put these values to the above formula
So, the value would equal to
= $12 million - $7 million
= $5 million increase