<h3>Competition has a positive impact, not only on the well-being of consumers, but also on a country's economy as a whole.Competition bolsters the productivity and international competitiveness of the business sector and promotes dynamic markets and economic growth.</h3>
Answer:
provide banking services
watch banks and protect customers
influencing the money supply
Answer:
France should specialize in producing phones and import computers from Sweden
Explanation:
France can produce: 4 phones or 3 computers
The opportunity cost of producing 1 phone = (3 ÷ 4)
= 0.75 computers
The opportunity cost of producing 1 computer = (4 ÷ 3)
= 1.33 phones
Sweden can produce: 1 phone or 2 computers
The opportunity cost of producing 1 phone = (2 ÷ 1)
= 2 computers
The opportunity cost of producing 1 computer = (1 ÷ 2)
= 0.5 phones
According to the comparative advantage,
Sweden has a comparative advantage in producing computers because the opportunity cost of producing computers is lower for Sweden than for France.
France has a comparative advantage in producing phones because the opportunity cost of producing phones is lower for France than for Sweden and import computers from Sweden because Sweden has a comparative advantage in producing computers.
Answer:
Independent sources of information
Explanation:
Magazines, consumer groups, and government agencies all represent independent sources of information.
