Answer:
it is just as easy to start a business overseas as it is in the U.S.
Explanation:
Foreign trade is the exchange of goods and services across international borders.
For example, if a car is bought from china and brought into the US, foreign trade has occurred.
Foreign trade has two components :
export would comprise of goods and services produced in the US that are been sold to foreign countries
Import would comprise of foreign produced goods and services that are been sold in the US
Reasons for participating in foreign trade
- According to economic theory, a country should specialise in the production of good for which it has a comparative advantage and import goods for which it does not have a comparative advantage in its production . A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
- Some countries do not have the resources needed to produce all the goods needed e.g. some countries do not have crude oil and would have to import from oil producing countries
- For most countries, it is impractical to produce all the goods they need.
Answer:
A) anchoring bias
Explanation:
Anchoring bias refers to a common mistake of relying heavily on the first information that we get, or in this case, the first information that we look for.
We all tend to suffer from anchoring bias, that is why it is one of the oldest sales techniques. Everyone has seen an ad that states a before price and a discount price. If the difference between the before price and the after price are significant, then we will consider that it is a bargain. Or a salesperson first shows us an expensive product, and then shows us a similar but lower priced product, we tend to believe the second product is cheap.
When most of us look for a job, of course we focus on the salary, since we want to work to earn money. But only focusing on the salary is seeing only half the picture, although the most important half. Other associated benefits or costs are usually not considered, e.g. a high paying job might also require dressing formally or spending a lot of time travelling.
Answer:
a. Municipal bond
b. Yes. To Corporate Bond.
Explanation:
Municipal bonds are tax exempt so the better option will be the one offering a higher return after it is adjusted for tax.
a. Corporate after-tax rate = 9.5% * ( 1 - 33%)
= 0.06365
= 6.4%
<em>Municipal rate is higher at 7% and so is a better option. </em>
b. Corporate after-tax rate = 9.5% * ( 1 - 15%)
= 0.08075
= 8.08%
<em>Corporate bond return is now higher than Municipal bond so is a better option.</em>
Answer:
Steve
Craig
48
32
42 hours
Explanation:
A person has comparative advantage in production if it produces at a lower opportunity cost when compared to other people.
Opportunity cost of Steve in catching pineapples = 4/2 = 2
Opportunity cost of Craig in catching pineapples = 2/2 = 1
Craig has a lower opportunity cost in picking pineapple and he has a comparative advantage
A person has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other people
Steve can catch 4 fish and Craig can catch 2 fish. Steve catches more fish and has an absolute advantage
If they both caught only fish, Steve would catch 4 fishes in an hour and Craig would pick 2 pineapples in an hour
In 8 hours = (4 x 8) + (2 x 8) = 48
If they both worked 8 hours and wanted to collect exactly four baskets of pineapples per day, they would collect 4 pineapples in 1 hour
That leaves 7 hours
(4 x 7) + (2 x 7) = 42
Answer:
C. Policies that encourage sequencing are needed to recruit women with children into the full-time workforce.
Explanation:
Most women with children are faced with the task of combining career and raising children. With the world ever evolving today most women pursue several careers. In order not to limit their abilities, job sequencing policies are needed to allow women effectively combine career and family.
Job sequencing is applied when jobs are chosen based on abilities to meet deadlines. It can be used for women who decide to re-enter the work environment after being away perhaps in the course of taking care of their families.