Answer:
B. Switzerland has the comparative advantage in watches.
Explanation:
Comparative Advantage is when an economy can produce a commodity with comparatively less opportunity cost in terms of other good sacrifised, than other economy.
It can also be denoted as an economy's more relative productivity in consumption, compared to other economy.
Watch Chocolate
Switzerland 1 50
Germany 1 100
Switzerland can produce a watch by sacrifising lesser units of chocolate i.e 50, than Germany - which sacrifises 100 watches chocolates for a watch production.
Switzerland is 0.02 (1/50) times productive in watch than chocolate. Germany is lesser i.e 0.01 (1/100) time productive in watch than chocolate. Also, Germany is more productive in chocolate than watch 100X > 50X.
So, Switzerland has comparative advantage in Watches & Germany in Chocolate.
Answer:
Rise
Rise
Explanation:
Pepsi and Coca cola are considered substitutes. If the price of Pepsi increases, consumers would begin to consume more coca cola and the demand for coca cola would increase. This would lead to an excess of demand for coca cola over supply and prices would rise.
I hope my answer helps you
Answer:
Option B is the correct answer.
Explanation:
Business permits regulate the safety, structure, and appearance of the business community. They act as proof that a business follows specific laws and ordinances. Requirements differ by jurisdiction, and failure to comply often results in fines or even having the business shut down. Therefore, most businesses need a general business license to operate in a particular county or city.
Thus, the permit departments are helpful in conversion investigation efforts by identifying the nature and location of businesses, new leases, and recent constructions.
Option B is the correct answer.
<span>I contributed to the total supply of money in the economy because my demand for good and services were paid for using money and it made the supplier to have more resources with which he can manufacture or purchase more product so that consumers can purchase. In this my economic decision was using the money which I could have used for other purposes for the purchase of goods and services as I had to forgo something and also my account balance became reduced as a result of the decision i made</span>
Answer:
it has grown substantially
Explanation:
in the past, China's government has total control over other economy. They failed to run it efficiently since the system provide no incentives for people to work harder and invents new things.
In the 1980s, china started to adopted some aspect of Capitalism and let the private sector grow their influence in the economy.
As a result, many people start to have incentives to contribute more to the economy. This system basically allowed the citizens seek personal wealth for themselves, but they are indirectly improving the country's economy.
