Sarah has an absolute advantage in the PRODUCTION OF MUGS. This is because Sarah can produce 32 mugs while Charles in comparison can only produce 25 mugs.
Absolute advantage refers to the capacity of a country or a company or a person to execute a particular economic activity more efficiently than others. Someone who has an absolute advantage will be able to produce a particular good or service at a greater quantity than his competitors using the same resources. In the scenario given above, it can be seen that Sarah is able to produce more mugs efficiently more than Charles in six hours period.
Answer:
The correct answer is
a) how would you expect the monetary policy curve to be affected, if at all?
the MP curve will shift downward because decreasing unemployment results in a loosening of monetary policy
.
b) what would be the effect on the aggregate demand curve?
the AD curve will shift to the right .
good luck
The right answer for the question that is being asked and shown above is that: "c. Balance of trade summarizes the flow of goods and services; balance of payments summarizes all capital flows." This <span>correctly defines the terms : balance of trade balance of payments</span>
the bank has 7500 accounts. 2500 multiplied by 3 is 7500, and 7500 divided by 3 is 2500.
Answer:
The correct answer is: The second option.
Explanation:
As Anne is a bargain-minded shopper, she will constantly look for paying less as much as the purchases allow it. To determine which option is the less-expensive in the example, Anne should <em>determine what is the cost per toothpaste unit</em> at each of the two local supermarkets. Thus,
- First option:
- Suppose the price of each toothpaste is "n".
- The store offers is buy 2 and get 1 free.
- Then, Anne is getting 3 toothpastes paying only for 2 or: 2 x n = 2(n).
- It implies the price of each toothpaste is:
- Second option:
- As the toothpaste price is equal in both stores, it will be "n"
- The store offers a 40% discount on each toothpaste.
- Thus, each toothpaste is only 60% of "n" or:
So, <em>the less-expensive choice was the second.</em>