Answer: Greece; Sweden
Explanation:
A country or a firm has a comparative advantage in producing a commodity if the opportunity cost of producing that commodity in terms of other commodity is lower in that country or firm as compared to the other country or firm.
Greece's opportunity cost of producing a pane of stained glass = 4 barrels of oil
Sweden's opportunity cost of producing a pane of stained glass = 8 barrels of oil
Therefore, opportunity cost of producing a pane of stained glass is lower in Greece as compared to the Sweden.
Hence, Greece has a comparative advantage in producing stained glass.
Greece's opportunity cost of producing a barrel of oil =
= 0.25 pane of stained glass
Sweden's opportunity cost of producing a barrel of oil =
= 0.125 pane of Stained glass
Therefore, opportunity cost of producing a barrel of oil is lower in Sweden as compared to the Greece.
Hence, Sweden has a comparative advantage in producing Oil.
Answer:
Ponzi scheme
Explanation:
Ponzi scheme is a fraud investment strategy that promises to pay a substantial sum of returns. In a Ponzi scheme, generate income for the old investor by using the money of the newest investor and this chain goes on. This is basically a fraudulent scam or investment strategy to get a significant amount of money. Ponzi scheme is similar to pyramid strategy both are based on using new investor’s fund.
Explanation:
Risks and uncertainties are inherent in every business. When starting a new venture, there must be studies and research involved to assess the viability of the business, the risks, the return on investment, the potential audience, etc.
Strategic planning is a necessary tool for any business, regardless of size or structure, through planning the company develops its identity, its strengths and weaknesses, defines the action plan to achieve its objectives and goals, etc., which helps the business to be more viable and structured to reduce risks and negative externalities.
<u>Answer:</u>
Profits for manufacturers and suppliers
<u>Explanation:</u>
When a product is produced there are producer of goods then comes the manufacturers, who sell it to suppliers, who sell the goods to retailers from where the final user of products that is the consumer purchases.
The money also then is transferred in reverse order. But most of the money goes in the pocket as profits for manufacturers and suppliers. They deal in a bulk or products and therefore keep a nice amount of profit margin.