Answer:
The answer is network.
Explanation:
Network is a way of interacting with others to exchange some information or establish social contacts. Since Jacob has built up a wide range of contacts, clients, and local business neighbors over the years as mentioned in the statement, he will generally leverage on the network he has developed with these individuals as he intend to move to another phase of his career.
<span>$1500 was invested at 11%
$2500 was invested at 8%
Assuming simple interest for each investment, we have the following expressions
0.11x = interest on 11% investment. (x = amount invested at 11%)
0.08(4000-x) = interest on 8% investment
Adding the 2 expressions together and setting the sum to 365 gives
0.11x + 0.08(4000-x) = 365
Now solve for x by first distributing the 0.08
0.11x + 320 - 0.08x = 365
Subtract 320 from both sides and combine x's
0.03x = 45
Divide both sides by 0.03
x = 1500
So $1500 was invested at 11% and (4000-1500) = 2500 was invested at 8%</span>
Answer:
a. Consumption will increase as goods and services are now cheaper for people to buy.
b. Investment increases as people will have more money to invest due to having spent less on consumption.
c. Net exports increases as exports become cheaper due to lower prices in the country. More people outside will therefore demand exports leading to them increasing more than imports.
d. Money Demand - B. There is a movement along the Money Demand curve to the Left
As price has decreased, the amount of money needed to buy goods will decrease which would lead to less demand for money. Money demand curve will show this as a movement to the left of the Money demand curve.
e. The interest rate will decrease because there will be more money to invest as explained above. With more money to invest, loanable funds will b in high supply thereby dropping interest rates.
f. Aggregate expenditure shifts right to show that expenditure has increased from people buying cheaper goods.
g. Aggregate demand - B. AD shifts to the Right.
More people will demand goods and services because they are cheaper.
The complete question is:
Some time ago, the nation of Republica opened up its paper market to international trade. Which of the following results of this policy change is consistent with the notion that Republica has a comparative advantage over other countries in producing paper?
a. The price of paper in Republica decreased as a result of the policy change.
b.Republica began exporting paper as a result of the policy change.
c.The domestic demand curve for paper shifted to the right as a result of the policy change.
d.The domestic quantity of paper demanded increased as a result of the policy change
Answer:
b.Republica began exporting paper as a result of the policy change.
Explanation:
When a country has comparative advantage in producing a product, they can produce the product at a lower cost compared to other nations. So they tend to leverage their comparative advantage by exporting to nations that do not have comparative advantage in that good.
If after Republica opens up its paper market to international trade, it starts to export paper. This indicates Republica has comparative advantage in producing paper.
