Answer:
D. Each nation should produce those goods that it can produce more efficiently and effectively than other nations, and buy the goods it cannot produce efficiently from other nations
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost ( has greater efficiency in production) when compared with other countries.
I hope my answer helps you
If you don't own a home or a car, your liability is b. lower than one who owns both.
<h3>What is a Liability?</h3>
This refers to the legal state of a person who is responsible for something that is put in his care.
Hence, we can see that for a person that owns a car and house, the liability that he has is far higher than someone that does not own any of them.
Read more about liability here:
brainly.com/question/25687338
#SPJ1
<u>The party may be entitled to a </u><u>partial recovery</u><u> under the </u><u>contract.</u>
<u></u>
<h3><u>What is Substantial Performance in Contract Law?</u></h3>
Each party promises to uphold its end of the bargain when two parties enter into a contract. Say, for instance, that a property owner hires a contractor to work on their property's construction, such as adding a wing to the house. The property owner will pledge to pay for the services provided, and the contractor will promise to carry out the construction as specified in the contract.
When there is just a minor deviation from the terms of the agreement, a good faith attempt was made to achieve complete performance, and there was no major breach, a party may claim substantial performance. In essence, the result will be adequate to support payment for the services provided.
Learn more about substantial performance with the help of the given link:
brainly.com/question/15835417?referrer=searchResults
#SPJ4
Answer:
A. To qualify for exclusion during this transaction, you must have owned and occupied for two of the five prior years ⇒<u> Sale of a home.</u>
B. This term essentially includes all income subject to federal tax ⇒ <u>Gross Income</u>.
C. Using taxable income, it is based on tax tables or tax rate schedules ⇒ <u>Tax liability.</u>
D. This term includes expenses that can only offset portfolio income. ⇒ <u>Investment expenses. </u>
<u></u>
E. This is used to offset passive income Investment expenses. ⇒ <u>Real estate or limited partnership expenses. </u>
<u></u>
F. This term includes income from self-employment ⇒<u> Active Income. </u>
<u></u>
G. This item is taxed at different rates depending on the holding period ⇒ <u>Capital gains. </u>
H. This is used to determine tax liability ⇒<u> Taxable income</u>.
I. This term includes income gained from real estate and limited partnerships. ⇒ <u>Passive income. </u>
<u></u>
J. This term refers to earnings and capital gains generated from investment holdings. ⇒ <u>Portfolio income. </u>