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Kay [80]
3 years ago
15

A high school student has begun to investigate the field of finance as a career choice. In deciding about the field, the student

should focus on which question first?
Social Studies
1 answer:
Rama09 [41]3 years ago
5 0

Answer:

Will I find a balance between financial rewards and personal satisfaction from work?

Explanation:

Financial rewards is important to maintain our basic needs, But  Most people actually put too much focus on financial rewards  and completely neglected the personal satisfaction when choosing the job.

Personal satisfaction will determine the emotion that we felt during the job. When we are happy at what we are doing, we will become much more willing to put more hours and endure more hardship, which eventually contribute to our success.  Because of this, it is important for us to get the correct balance between the two.

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Why did great britain and france finally declare war on germany in September 1939
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Assume labor and capital are the only two inputs. Digitopolis is a capital-abundant country that produces personal computers and
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Answer:

Following the Ricardian Model of Comparative Advantage, <u>both Digitopolis and the labor-abundant country will specialize at producing  what each does best, according to its factors endowment.</u>

This means that <u>Digitopolis will shift its production to computers</u> as it is a capital intensive activity and <u>its opportunity cost </u>for computers production is lower,<u> while the second country, being labor-abundant, will specialize on producing fax machines.</u>

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The Ricardian Model of Comparative Advantage assumes that countries benefit from international trade as they will specialize in producing goods where they hold comparative advantage, that is, where their opportunity cost is lower. The opportunity cost describes the trade-off between choosing to produce one good or the other based on inputs availability and efficiency. In this case, capital is abundant in Digitopolis, so it is evident that the opportunity cost of shifting output to a capital-intensive industry (computers) will be less than producing labor-intensive goods (fax machines).

Being a capital-abundant country, for Digitopolis the opportunity cost of producing fax machines is higher than for producing computers, so it is less efficient for this country to focus on producing fax machines. <u>Thus, it will be more productive that it specializes on producing computers. </u>

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