Answer:
$340,363.55
Explanation:
you need to calculate the future value of your deposit:
future value = present value x (1 + interest rate)ⁿ
- present value = $12,000
- interest rate = 12% / 365 = 0.032877%
- n = 40 x 365 = 14,600
future value = $12,000 x (1 + 0.032877%)¹⁴⁶⁰⁰ = $1,456,975.20
if the interest is compounded annually, the future value = $12,000 x 1.12⁴⁰ = $1,116,611.65
the difference = $1,456,975.20 - $1,116,611.65 = $340,363.55
A country would have a comparative advantage to produce a good if the cost of producing this good, even if it produces efficiently, is higher than that of other countries.
Explanation:
The Competitive Vantage Principle explains how an individual produces more commodities and uses fewer goods with a comparative advantage under freer trade.
For example, the comparative advantage of oil-producing countries in chemical products. Compared to countries that are not there, the local manufactured oil is a cheap source of chemicals.
It can produce products with fewer resources, which offers countries a comparative advantage at lower incentive costs. The PPF's gradient reflects the cost of output capacity. Improving one good's production means producing less of one.
Answer: Bureaucratic organizations
Explanation: These organisations works with a high degree of formality in their operations. The structure of authority in such organisations are fixed and usually depicts pyramid structure.
The decisions under such organisations are made in an organized and predetermined basis. In such organisations, a separate pyramid structure of authority is followed by every different department.
