Answer: <u><em>A nation cannot have a comparative advantage in the production of every good.</em></u>
The principle of comparative advantage states that under free commerce, an representative will produce more of and consume less of a commodity for which they have a comparative advantage. Comparative advantage is the economic experience depicting the work increase from trade for individuals or nations, which originate from differences in their factor endowments or technological progress.
Answer:
. when an organized body of workers withholds its labor to force the employer to comply with its demands.
Explanation:
Answer:
Explanation:
The main goal is to compare these two based on the same terms; present values. Find the present value of $500 today by discounting it using 10% interest rate over two years.
PV = FV/ (1+r)^n
where FV = Future value = $500
r = discount rate = 10% or 0.10 as a decimal
n = total duration of investment = 2
PV = $500/(1+0.10)^2
PV = $500/1.21
PV = $413.22
Since you are basing the decision on what you would rather pay, you would want a lower pay amount. The $425 is already in its present value terms and it is more expensive. Therefore, you would prefer to pay $500 in two years.
Answer:
b. Secondary research
Explanation:
Based on the scenario being described within the question it can be said that this type of research is an example of secondary research. This is a research method that focuses on using already existing data in order to support the research by summarizing and organizing that data. Such as the PR firm is doing with the cencus data, in order to support the trends in teen clothing that they are researching.
The answer is D. Physical or cultural difference; subordination.
