Answer: Option (d) is correct.
Explanation:
Producer surplus is associated with the producer of a good. Graphically, producer surplus is the area between the upper portion of supply curve and equilibrium price level. Producer surplus is also defined as the difference between the price at which sellers are willing supply and the actual price they received.
Producers surplus = Price paid by buyers - Cost of production
Statistics
Exports $318 billion (2014 est.)
Export goods Electronics, flat panels, ships, petrochemicals, machinery; metals; textiles, plastics and chemicals (2014)
Main export partners China 27.1% Hong Kong 13.2% United States 10.3% Japan 6.4% Singapore 4.4% (2012 est.)
Imports $277.5 billion (2014 est.)
Answer:
Primary data
Explanation:
Since the available secondary data are not sufficient for the marketing research study, Chun Hei must collect primary data.
Primary data unlike secondary data are data that were not in existence beforehand. Such a data can not be found in any journals, books, websites or data sites. To get primary data a researcher has to go into the field and they can collect these data through questionnaires, surveys or interviews. Chun Hei will get the information she needs from first hand sources.
Answer:
International Monetary Fund, IMF and the World Bank
Explanation:
The Bretton Woods Agreement was negotiated in July, 1944 which established a new global monetary system. It made US dollar the global currency and replaced gold standard.
This agreement created The World Bank and International Monetary Fund (IMF) which would monitor the new monetary system.
The Bretton Wood system was dissolved in 1970's but IMF and The World Bank still exist and are strong pillars of global monetary system.
