Answer:
If Mary and Tim specialize in the good in which they have a comparative advantage, ______.
Mary would specialize in making cakes while Tim would specialize in making pies.
Explanation:
a) Data and Calculations:
Mary's opportunity cost of making a cake = 2 pies
She can make additional 5 (10/2) cakes instead of making pies
This will increase her cakes to 25 a day (20 + 5)
Tim's opportunity cost of making a cake = 4 pies
She can make additional 40 pies (10 * 4) instead of making cakes
This will increase her pies to 60 pies a day (20 + 40)
When they specialize there will be 25 cakes and 60 pies produced in a day instead of 30 cakes and 30 pies.
In the problem, Mari is doing everything to provide for her
family which means Mari is motivated by psychological needs according to Maslow’s
Hierarchy of needs. Psychological needs
are the main needs of human in order to survive in daily life such as food,
clothing, shelter, and water. Mari
accepted the job opportunity at the fast food restaurant in order to have money
in response to these psychological needs.
Though her position is a step down from her previous job, but that also
means that she can provide for her and her family’s needs. Not fulfilling the psychological needs makes
human body not functional, so psychological need is the first and most important
needs of the human beings.
Answer:
The correct answer is 414 million.
Explanation:
According to the scenario, the computation of the given data are as follows:
We can calculate the labor force by using following formula:
Labor force = Total unemployed + Total employed
By putting the value in the formula, we get
= (20 + 29 + 16 + 30 + 18 + 23) + ( 39 + 52 + 36 + 56 + 41 + 54)
= 136 million + 278 million
= 414 million
Answer:
Option d: Is not included in gross income each year because of the substantial restrictions on gaining access to the policy's value
Explanation:
Cash Surrender Value is commonly known as the monetary amount an insured could get if there is a termination of policy that is before or earlier than maturity. It is also called a guarantee value.
Cash Surrender of Life Insurance policies is simply the outdated or a noncurrent investment with which a particular company is the beneficiary instead of the insured employees. The 1st few years of a policy, note that there is no cash surrender value that is attached to the policy but in course of the period, the entire insurance premium will be expense therefore dividends received from the life insurance policy forthwith are not recorded as revenue but recorded as an offset against insurance expense.