Answer: a. 3
b. 1 and 2
Explanation:
a. Gains from trade are possible only when there are comparative advantages in production of a good. German worker takes 400 hours to produce a car and 2 hours to produce wine. While, a French worker takes 600 hours to produce cars and X hours to produce wine.
Opportunity cost of producing car for a Greman worker is
wine case
Opportunity cost of producing wine for a German worker is
Gains from trade are possible only when the French worker face a different opportunity cost than the German worker for both the goods.
Correct option is 3.
b. Germany will export cars and import wine only when it has a comparative advantage in producing cars and France has a comparative advantage in producing wine. This is possible when the opportunity cost of producing cars in Germany is smaller than that of France.
Opportunity cost of car in Germany < Opportunity cost of car in France
Therefore, when it take France less than 3 hours to produce a case of wine, Germany will import wine from France and export Cars to France.
Correct options as 1 and 2.
Answer:
2.
Explanation:
On March 15, 2017, it was raised by $1.7B. On September 30, 2017, the debt ceiling was suspended. On March 1, 2019, it was $22.03T and raised by $2.18B. On August 2, 2019, it was again, suspended.
Answer:
B. False.
Explanation:
A subject Matter Expert basically champion the course of implementing the best practice in his/her area of expertise. He is there to provide the know-how and answers questions in relation to his area of expertise.
Answer:
Affirmative action is an effort by institutions to improve educational and economic opportunities for underrepresented groups and communities. Quotas force diversity without factoring in actual inclusion. The pathetic attempt to meet numerical goals to appear diverse.