<span>I don't think there was any official contract set in place. It says they wrote a letter and said they'd sell it before June 1st. However, this wasn't a contract. It was only a letter of information. No one had a contract so no contract could have been breached.</span>
A comparative advantage exists when the possible value of specialization is lower than that of different nations. The life of comparative advantage is, in turn, suffering from things consisting of abundance, productivity, cost of exertions, land, and capital.
Comparative gain refers back to the capacity to produce goods and services at a decreased opportunity value, no longer necessarily at a greater volume or quality. Comparative advantage is a key insight that trade will still arise despite the fact that one u . s . has an absolute advantage in all products.
Comparative gain is a key principle in global trade and paperwork the basis of why free change is useful to nations. The idea of comparative advantage indicates that even supposing a country enjoys an absolute advantage in the manufacturing of goods, trade can nonetheless be beneficial to each trading partner.
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Answer:
$398,000
Explanation:
Data provided
Projected benefit obligation = $4,870,000
Plan assets = $4,472,000
The calculation of pension liability on Noble's balance sheet is shown below:-
= Projected benefit obligation - Plan assets (at fair value)
= $4,870,000 - $4,472,000
= $398,000
Therefore for computing the pension liability on Noble's balance sheet we simply deduct the plan assets from projected benefit obligation.
