Answer:
Section 1..... Italy has a comparative advantage in the production of shoes, and Austria has a comparative advantage in the production of fish.
Section 2.... 5 pounds of fish, ; 1/10 pairs of shoes
Section 3..... A and C.
Explanation:
The comparative advantage is known to be a term that is in use in the economic world,where a country or company has the ability of producing goods at extremely lower cost compared to that of its partners or competitors.
This is very important because, the country or company will be able to produce its goods by making use of fewer resources.
And thereby gives the country or company an edge in selling its goods at a reasonable lower price when compared with that of its competitors.
In this case, it is summarized or concluded that, Italy has a lower opportunity cost of producing shoes. So, Italy has a comparative advantage in shoes and Sweden has a comparative advantage in fish.
Answer:
Its simple .
Explanation:
We use apron to cover the body so that we can remain clean and any dust free while doing daily chores like cooking ,sweeping ,etc
Answer:
analyzer
Explanation:
This strategy is used by companies wishing to gain market share. It is a moderate aggressive strategy, as it presents low aggregate risks, and innovation is not a very relevant factor in companies that use the analyzer strategy. Companies seek to provide a production of goods already in the market, with modifications and differentiations.
Answer:
The answer is "15 minutes"
Explanation:
I will approximately spend 15 minutes on prewriting once i have gathered the information needed.
Answer:
Option (d) is correct.
Explanation:
Initial price of perfume three years ago = $75
New price of perfume = $100
Therefore,
Percentage change in the perfume price:
= [(New price of perfume - Initial price of perfume) ÷ (Initial price of perfume)] × 100
= [($100 - $75) ÷ ($75)] × 100
= 33.33%(approx)
Hence, the percentage change in the perfume price is 33.33%.
