Answer:
Mexico's speciality is the manufacture of high-end vehicles and it exports those. They then import low-end vehicles that are usually manufactured at a low cost in other places.
Explanation:
Comparative advantage refers to the ability of an economy to create products and services at a reduced cost than that of the business partners.
Answer:
An example of external failure cost is:
Scrap and rework during production
Explanation:
External failure cost is the concept used in the finance, business, and management sciences to qualify the loss of a business after a product is sold. Examples involve lawsuits, legal fees, returns, etc. Now, the argument behind the answer is that warranty claims on handling are not part of the company, but the carrier and the retailer company. but scrap and rework during production is an external failure cost because after the production and selling scrap and rework during production will remain.
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Answer:
c. governments that print too much money
Explanation:
In the long run, increase in money supply causes inflation. Since there are more money circulated in the market than the needs for transaction, inflation (an increase in prices) will be rise inevitably.
The government print too much money when they borrow to much or cannot pay their loans. The government finance its policies by tax and borrowing (issuing the government bonds), when the tax is not enough, the will issue bonds. If the due comes and they do not have enough money, they may force the central bank to print more money to pay their loans or buying their own bonds. This causes the rise of money supply resulting in inflation in the long run. Bolivia is an example of this situation.
Answer:
have received its powers through the delegation doctrine.
Explanation:
The delegation doctrine establishes that Congress has the power to delegate authority to federal administrative agencies (e.g. FDA) which enables them to create rules regulating certain specific activities, and to provide oversight regarding the specific activities that they regulate.
In order to create this federal agencies and to delegate them authority, Congress must pass enabling legislation by which the agency is created. This legislation must specify the agency's name, purpose, functions and the specific powers being delegated to them.