There was a rise in human population.
Answer:
The correct answer is option c.
Explanation:
The only kind of market structure where the price is set by market forces and not the firms is pure competition. The firms in other market structures such as oligopoly, monopoly and monopolistic competition are price setters.
The market for wheat is a pure competition as there is a large number of sellers who are producing identical products. The firms are price takers and the price is determined by market forces.
Answer:
D
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
For example, England produces 10 yards of clothes and 5 kg of cheese. France produces 5 yards of clothes and 10 kg of cheese.
for England,
opportunity cost of producing clothes = 5/10 = 0.5
opportunity cost of producing cheese = 10/5 = 2
for France,
opportunity cost of producing cheese = 5/10 = 0.5
opportunity cost of producing clothes = 10/5 = 2
England has a comparative advantage in the production of clothes and France has a comparative advantage in the production of cheese
Answer:
$9,240 loss recognized
$43,000 basis
Explanation:
Tax basis of share purchase is the cost of share together with any tax related to this purchase.
Mr. Slake's loss recognized on the February 13 sale is $9,240 = total cost of 1,580 share purchased in the past - total amount collected from sales of these share = $49,240 - $40,000 = $9,240
His tax basis in purchase of 1,600 shares on Mar 2 is $43,000, the total cost he paid to acquire 1,600 shares
Answer:
The correct answer is letter "A": be sanctioned under Rule 11 of the Federal Rules of Civil Procedure.
Explanation:
Rule 11 of the Federal Rules of Civil Procedure states that a court can sanction a party involved in a trial because of presenting inconsistent arguments against another individual. Section (b)(2) of the rule established that claims, defenses or legal contentions must be unfrivolous and that allegations have evidentiary support or that it must be reasonable enough to start an investigation.
Otherwise, <em>monetary sanctions can apply if there is a violation of subdivision (b)(2).</em>
