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dsp73
3 years ago
13

Use the following scenario to answer the following questions: Suppose that Canada, an industrialized nation, and Mexico, a devel

oping nation, both produce clothes and cars. The real wage in Mexico is lower than in Canada. The countries have a free trade agreement. Each nation will find a comparative advantage.
A society could achieve a higher level of productivity if:________

a. each person in the society is a jack-of-all-trades.
b. it takes advantage of each individual's comparative advantage.
c. it does not trade with other nations.
d. it does not tax imported goods.
e. it does not limit exports.
Business
1 answer:
Delicious77 [7]3 years ago
8 0

Answer:

A society could achieve a higher level of productivity if:________

b. it takes advantage of each individual's comparative advantage.

Explanation:

In the same way that nations can achieve higher levels of productivity if each nation takes advantage of its comparative advantage in production, individuals in the society can help it to achieve a higher level of productivity if each individual takes advantage of her or his comparative advantage.  This economic concept calls for specialization in the fields where one has comparative skills that are better than others'.  This implies that one can deploy resources and skills to achieve more in a specialized field than being a jack-of-all-trades.

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You recently were hired as a front line debt collection agent for a debt collection service in Michigan. Your boss assigns you t
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Answer:

need

Explanation:

3 0
3 years ago
how much time does a bike with an acceleration of 2ms2 takes to increase its velocity from 10ms-2 to 30ms-2​
aniked [119]

Answer:

Time, t = 10 seconds.

Explanation:

<u>Given the following data;</u>

Initial velocity, u = 10 m/s

Final velocity, v = 30 m/s

Acceleration, a = 2 m/s²

To find the time, we would use the first equation of motion;

v = u + at

Where;

  • v is the final velocity.
  • u is the initial velocity.
  • a is the acceleration.
  • t is the time measured in seconds.

Making time, t the subject of formula, we have;

t = \frac{v - u}{a}

Substituting into the equation, we have;

t = \frac{30 - 10}{2}

t = \frac{20}{2}

<em>Time, t = 10 seconds.</em>

4 0
3 years ago
Required reserves of banks are a fixed percentage of their.
mylen [45]

Required reserves of banks are a fixed percentage of their fixed deposits.

<h3>What are required reserves?</h3>

Required reserves is the percentage of deposits required of banks to keep as reserves by the central bank. Required reserves are used to control the amount of loans a bank can give out. This in turn affects the money supply in the economy.

Reserves are also needed to meet unforeseen circumstances.

To learn more about required reserves, please check: brainly.com/question/12417681

5 0
2 years ago
A company's normal selling price for its product is $23 per unit. However, due to market competition, the selling price has fall
zmey [24]

Answer:

$2.720

Explanation:

Under the inventory at the lower of cost or market method, we value inventory by taking the lowest value, either market, or cost. In this case, the cost, or replacement cost, is lower than the market value, so the value of the inventory will be found by multiplying the units by the replacement cost:

170 units x $16 per unit  = $2.720

4 0
3 years ago
A local bank advertises the following deal: "Pay us $100 at the end of each year for 12 years and then we will pay you (or your
NNADVOKAT [17]

Answer:

Present value of payments to the bank=938.51

Explanation:

The present value of the payment to the bank are an ordinary annuity i.e equal payments made at the end of each year for 16 years.

The Present value of an ordinary annuity  is calculated as follows:

Present value =PMT*\frac{[1-(1+i)^-^n]}{i}

where PMT is the annual payment made at the end of each year=$100;

i is the interest rate or discount rate = 4%,

n=the number of years the periodic payment of 100 is to be made=12

Present value of payments to the bank = &#10;100*\frac{[1-(1+0.04)^-^1^2]}{0.04}  = 938.51

7 0
3 years ago
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