Answer:
D
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries. A country would export the good for which it has a comparative advantage and import the good for which it doesn't have a comparative advantage
For example, country A produces 10kg of beans and 5kg of rice. Country B produces 5kg of beans and 10kg of rice.
for country A,
opportunity cost of producing beans = 5/10 = 0.5
opportunity cost of producing rice = 10/5 = 2
for country B,
opportunity cost of producing rice = 5/10 = 0.5
opportunity cost of producing beans = 10/5 = 2
Country A has a comparative advantage in the production of beans and country B has a comparative advantage in the production of rice
Country A would export beans to country B and B would export rice to A
That information means the accounts are out of balance. It happened because there is probably an error that has been made previously. This happens because if $55,800 is subtracted by $77,520 it will result in an imbalance and create a loss.
An income statement is a financial document that must be owned by a company after the balance sheet and cash flow. From the report, you can see how much income and expenses are borne by the company in a certain period of time. In addition, the income statement also has several benefits as below:
Informing the total tax to be paidProvide profit or loss informationCompany evaluation referenceSee company efficiencyBe the basis for making a decision
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Answer:
Harvesting rainwater can help the environment in a number of ways. ...
Reduces Water Bills. ...
Reduces Demand on Ground Water. ...
Can Be Used for Non-drinking Purposes
It is <u>FALSE</u> that the expected level (value) of the forecasted quantity is the most important aspect of the forecast.
<h3>What is a forecast?</h3>
A forecast is an estimate of future trends using predictions of past and present data. A forecast assumes future repeatable patterns. However, a good forecast is:
- Cost-effective
- Accurate
- Meaningful.
Thus, since the actual values will always differ from forecasted values, the most important aspect of the forecast is not the expected value.
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The gold standard emerged at the center of the international monetary system in the <u>1880s </u>until the first world war.
A monetary standard under which the basic unit of currency is the same in fee to and exchangeable for a precise quantity of gold.
National money and other sorts of cash (bank deposits and notes) were freely converted into gold on a fixed price. England followed a de facto gold fashionable in 1717 after the master of the mint, Sir Isaac Newton, overrated the guinea in terms of silver, and formally adopted the gold widespread in 1819.
The gold standard was the basis for the global monetary system from the 1870s to the early 1920s, and from the overdue Twenties to 1932 in addition to from 1944 till 1971 while America unilaterally terminated convertibility of america greenback to gold overseas important banks, efficaciously ending the Bretton Woods.
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