Answer:For example, the Ricardian model of trade, which incorporates differences in technologies between countries, concludes that everyone benefits from trade, whereas the Heckscher-Ohlin model, which incorporates endowment differences, concludes that there will be winners and losers from trade.
Answer:
False
Explanation:
There is no restriction that prohibits the payment of dividends from a subsidiary to a parent company. The parent company has to report the subsidiary's profit as taxable income, so the subsidiary must pay its dividends to the parent company. To avoid multiple layers of taxation, parent companies can use the dividends-received deduction to reduce their taxes on the dividends received. Then the parent company must itself distribute dividends to its shareholders.
Answer:
A) David will make pizza because he has comparative advantage in making pizza.
Explanation:
Make Pizzas Serving make pizzas/serving pasta
25 40 0,63
20 30 0,67
Cities develop in a series of rings/circles.
"Concentric" means circles sharing the same center. Basically, cities start small and then expand in all directions. If you look at a map of a large city, you will often notice highways that are in loops around the city and get larger and larger as you move toward the edge.
Because not all resources are equally well suited to producing both consumer and capital products, the production possibilities frontier would probably be reached.
What is Economy?
A territory with an economy is one where goods and services are produced, sold, traded, and used. It is generally accepted that it is a social domain that emphasises the actions, conversations, and outward expressions related to the production, use, and management of finite resources. The processes of an economy are greatly influenced by factors such as a person's culture, values, education, technical development, history, social organisation, political structure, legal system, and availability of natural resources. These elements set the guidelines and conditions that govern how an economy functions in addition to giving background and substance. To put it another way, the economic sphere is a social area made up of interconnected human interactions and behaviours that are dependent on one another.
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