Answer:
D. The ratio of the quantity of labor to the quantity of capital is different for each nation, resulting in different relative endowments of capital and labor.
Explanation:
The Heckscher-Ohlin (H-O) model is an international economic theory which states that each country should produce and export what it is most efficient in.
The theory is also referred to as 2x2x2 model because it is employed to assess trade and trade equilibrium between two countries that have different areas of specializations and natural resources. By implication, the emphasis of the model is that a country should produce and export goods which it has its factors in abundance to produce. A country should produce and export good in which it a relative factor endowment and therefore import goods in which it does not have relative factor abundance.
Assuming there are two factor of production, capital and labor, country X has a relative factor endowment or abundance in labor if the ratio of its quantity of labor to the quantity of capital is higher than that of country Y. Also, country Y also has a relative factor endowment or abundance in capital if its ratio of the quantity of capital to the quantity of labor is higher than that of country X. Therefore, country X should produce a product that uses labor intensively while country Y should produce good that uses capital intensively.
Therefore, an additional assumption of the Heckscher-Ohlin model in the question is option D. The ratio of the quantity of labor to the quantity of capital is different for each nation, resulting in different relative endowments of capital and labor.
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During the Selling Era, the prevalent business philosophy turned from an emphasis on production to an emphasis on advertising and selling.
A business's philosophy is the set of guiding principles it adheres to in order to accomplish its main objective. It encompasses the company's principles and grounds it amidst ups and downs. It ought to fit with the character, purpose, and vision of the brand. It highlights the company's actions, choices, and culture. You want your business philosophy to be inspiring, practical, and applicable to all company endeavours and divisions.
Production is the process of combining different material and immaterial inputs to create something that is intended for consumption. Production is the act of creating a result, a good or service that has value and enhances people's utility.
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A merchant's PCI DSS compliance can be confirmed using the PCI Report on Compliance. The PCI DSS's standards and procedures were created to increase the security of credit card-based transactions and safeguard cardholder data from fraud and other unauthorized uses of their personal data.
To protect cardholders' private information and boost the security of transactions involving credit, debit, and cash cards, the Payment credit card Industry Data Security Standard (PCI DSS) is a well-known set of rules. PCI Compliance is NOT a one-time project but an ongoing practise. Merchants (the Business Owner) are in charge of overseeing the finances of their company's activities.
To learn more about PCI, click here.
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Answer:
Price of bond=$691.034
Explanation:
The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).
Value of Bond = PV of interest + PV of RV
Let us assume the bond had a per value of 1000 and also redeemable at par
The value of the bond can be worked out as follows:
Step 1
<em>Calculate the PV of interest payments</em>
semi Annual interest payment
= 8.5% × 1000 × 1/2= 42.5
PV of interest payment
= 42.5 × (1-(1.0629)^(-25×)/0.0629)
=643.6780
Step 2
PV of redemption Value
PV = 1000 × (1-(1.0629)^(-25×2) = 47.35
Step 3
Price of bond
=643.678 + 47.356
=$691.034
Price of bond=$691.034
Answer:
$38,536.3567
Explanation:
Given that,
Annual salary = $31,000
Growth rate = 2.2 percent per year
Time period = 10 years
Salary 10 years from today:
= Current salary × (1 + Growth rate)^{Period}
= $31,000 × (1 + 0.022)^{10}
= $31,000 × 1.24310828
= $38,536.3567
Therefore, the annual salary of this person ten years from today is $38,536.3567.
