Answer:
As the country gets richer, there will be a shift in the society from "traditional" to "secular rational" values
Explanation:
In this scenario Weinsland decided to liberalize the country's economy. This will reduce government regulation on the economy and increase participation of private entities.
Liberalisation encourages economic growth.
Traditional conservative values are passed from generation to generation, and change only a little over time.
Secular rational values on the other hand embrace an ever changing economic environment where innovation constantly changes acceptable ways of doing things
Answer:
b. countries can become better off by specializing in what they do best.
Explanation:
Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.
The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.
In 1817, David Ricardo who is an english political economist talked about the law of comparative advantage in his book “On the Principles of Political Economy and Taxation."
Also, the principle of comparative advantage asserts that countries can become better off by specializing in what they do best.
This simply means that, any country applying the principle of comparative advantage, would enjoy an increase in output and consequently, a boost in their Gross Domestic Products (GDP).
The more they focus on a task the more efficient they become at this task, which means that less time and less money is involved in producing a good.
Answer:
Net present value $1,363.50
Explanation:
The computation of the net present value of B is shown below:
Year Cash flows PVIFA factor at 15% Present value
0 -$15,600 1 -$15,600
1 0 0.8696 0
2 0 0.7561 0
3 25,800 0.6575 $16,963.50
Net present value $1,363.50
Answer:
The correct option is;
B. You have an increased chance of financial stability
Explanation:
The advantages of going to college includes;
1) College graduates make more salary on average
2) Holding a college degree improves career stability
3) Improved job satisfaction
4) Improved financial know how on savings and investment
5) Stable marital life
6) College graduate are able to be better citizens, by their willingness and ability to contribute meaningfully whenever a volunteer requirement
