Answer:
The correct answer is option b.
Explanation:
Comparative advantage refers to the situation where an individual, firm or nation can produce a good or service at a relatively lower opportunity cost.
If the US has a comparative advantage in the production of spreadsheet software it means that the US can produce it at a lower opportunity cost.
The US specializes in the production of spreadsheet software, so with the opening up of trade, it will be benefited from a higher price. Since the other countries can produce at a higher opportunity cost, the world price must be higher.
As a result, the producer surplus in the US market will increase.
Answer:
The answer is "False".
Explanation:
False, because the fall in the price of logging permits will reduce the cost production and fall in the permit will increase the supply of the market. Thus, the supply curve will shift from S to S1. Consequently, the price will fall from P to P1. Here, it can be seen that the equilibrium price has decrease but the question says equilibrium price has increased. So it is false.
Answer: LAND 3.227,680
BUILDING 806,920
LAND IMPROVEM 134,000
Explanation:
Land 4 0.8 $ 3.227,680
Building 1 0.2 $ 806,920
5 $ 4.034,600
Land Improvement
Parking Lot $ 88,000
Lanscaping $ 46,000
Total $ 134,000
Computation Of Cost Of Land And Building
Purchase Price $ 4.000,000
Add:
Title Insurance Cost $ 22,000
Legal Fees $ 8,000
State Transfer Fees $ 4,600
Demolition of old building $ 310,000
Land Clearing Expenses $ 85,000
Less: Salvage Material $ -9,000
Total Cost Of Land $ 4.420,600
Answer:
e. the 3 month projections for the peso and dong will be larger
Explanation:
this question is about a company that imports coffee from Colombia and Vietnam (along with 3 other countries). The report stated an estimation of the future value of the Colombian peso and Vietnamese dong. But that report is outdated and irrelevant now. Since the central banks of Colombia and Vietnam decide to increase their money supply, while the US money supply remains stable, that will result in a higher depreciation of the peso and dong. I.e. their currencies will be cheaper against the US dollar, so the estimations made before are incorrect now. The previous estimates were:
Vietnam
-
23,205.35 Dongs per dollar - Today
- 23,025.00 Dongs per dollar - 3 month projection
Colombia
- 3,163.75 pesos per dollar - Today
- 3,001.25 pesos per dollar - 3 month projection
Since the currencies will depreciate more against the US dollar, both estimates must increase, e.g. probably in 3 months $1 will be worth 24,000 dongs or 3,200 pesos.
Answer:
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Explanation: