War profiteering, pretty straightforward. The term refers to any firm, person or an organization that benefits from warfares or selling military goods. Notable examples include Lockheed Martin, which sells Fighter jets to aid America, Raytheon, which produces radar for the fighter jets and missiles. They make the majority of their profit by war, and how the countries desire for better weaponry to win against the opposing nation.
Suppose both john and bill can do two tasks in a day. if john can do each of the two tasks faster than bill, then <u>John should specialize in performing the task for which he has a </u><u>comparative advantage</u><u>. </u>
Comparative advantage refers to the capacity to provide goods and offerings at a lower possibility price, not always at a greater quantity or satisfactory. Comparative gain is a key perception that trade will still occur even though one u . s . has an absolute gain in all products.
In an economic model, retailers have a comparative advantage over others in producing a selected desirable if they can produce that excellent at a lower relative opportunity price or autarky rate, i.e. at a decrease relative marginal price previous to trade.
In economics, a comparative advantage occurs when a country can produce a very good or carrier at a lower opportunity value than another u . s .. The principle of comparative gain is attributed to political economist David Ricardo, who wrote the book standards of Political economic system and Taxation (1817).
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Answer:
The correct answer is Inspection of products produced to ensure that the products meets customer specifications.
Explanation:
To be considered as such, a value-added activity must meet all three of the following criteria:
a) The customer is willing to pay for this activity to be done
b) The action must be done right the very first time
c) The activity transforms somehow the product or service
The correct answer meets the three criteria, since the user is willing to pay to make sure that the product meets his standards, it is done right the first time and transforms the product, since it adds a type of quality control and certification.
B. They loan out and invest the money that has been deposited.
GDP is known as a lagging indicator.
Unemployment rate is also a lagging indicator.
Inflation is a lagging indicator.
Pretty sure National debt is not considered an economic indicator.
