Answer:
<span> 1) If a producer can provide cable service more cheaply than another producer, it is an</span> absolute advantage.<span>
2) If a producer can produce salads while giving up fewer opportunities to make sandwiches than another producer, it is a</span> comparative advantage.
3) If a producer can create more car parts than another producer does, using the same number of resources, the price per unit is cheaper and it is an absolute advantage.
Absolute advantage<span> is the ability of a person, a country, company or region to produce a good or service at a cheaper price per unit than another entity producing the same good or service.</span>
Comparative advantage<span> is the ability of a person, a country, company or region to produce a specific good or service more efficiently (lower opportunity cost) than another entity to produce the same good or service.</span>
Answer:
B. Appreciate / Depreciate / Decrease
Explanation:
If the businessmen want to purchase some American Properties them will need to exchange the Koruna by the Dollar, it means Sell Koruna to buy dollar,which is, increase the Koruna supply and increase the demand by dollars.
It exchange will appreciate the dollar value because of an increase in the Dollar demand as the supply keeps at the same level.
While the Czech Koruna will see its price decrease because of the increase in the supply of Koruna while the demand of Koruna keeps at the same level,
In the meantime, the American Export see their market negatively affected by the increase in the dollar price, as the dollar increase its value and will be more difficult to the Americens sell their products to the rest of the world, because others countries need more money for each dollar.
Because all people ( the public ) can fully enjoy this good/service without competing for it.
The notion that developing countries can catch up or converge with developed countries is one of the key insights of a branch of economics called <u>development</u> economics.
Economics is the observation of scarcity and its implications for the use of assets, manufacturing of products and services, growth of manufacturing and welfare over time, and an outstanding form of other complicated issues of crucial problems to society.
Economics is the social science that researches the manufacturing, distribution, and intake of products and services. Economics specializes in the behavior and interactions of financial agents and how economies work.
Economics, at its very heart, is the study of people. It seeks to give an explanation for what drives human behavior, decisions, and reactions when confronted with difficulties or successes. Economics is an area that combines politics, sociology, psychology, and records.
Learn more about economics here brainly.com/question/17996535
#SPJ4
Answer:
FV= $94,108.42
Explanation:
<u>First, we need to calculate the future value of the 12 annual deposits:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {3,500*[(1.06^12) - 1]} / 0.06
FV= $59,044.79
<u>Now, the future value at the end of the 20 years (8 years more):</u>
FV= PV*(1 + i)^n
FV= 59,044.79*(1.06^8)
FV= $94,108.42
