Answer:
c.export zinc, since that country has a comparative advantage in zinc.
Explanation:
In the case when the zinc world price is more than the domestic zinc price without trade so the country should export the zinc as the company would have the comparative advantage. Here high price menas the international demand is more than the domestic demand due to which the country could earn more profits
I would say the correct answer is B. t<span>he ability of a company to change prices and output like a monopolist. Market power is basically the power of a particular company to manipulate the price of the product and thus affect all other participants, as well as customers. Monopolists have the greatest market power; conversely, in an ideally balanced economy, nobody would have market power. All participants would have equal chances and nobody would dictate the terms to others.</span>
Answer:
For example, trying to study when your peers call for a night out. Even though a personal priority was to get an A for that exam on Monday morning, it is tough to resist the invite for hanging out with your friends. Hanging out is something you love to do often and therefore it is very hard for you to say no to them.
Answer:
$1,000,000
Explanation:
As the name suggests, the production-of-final-goods approach refers to the production of goods should be recorded at the final goods and ignored the intermediary goods. Moreover if the workers earned any income so it would not be relevant for this approach
As in the question there are two goods produced i.e raw silver and silver necklaces
So this means that the raw silver produced the silver necklaces i.e represents the intermediate goods which is not relevant here
So in this case the silver necklaces is only considered i.e $1,000,000
