Answer:
In real dollars, Babe Ruth's salary = $80,000 / 0.0645 (CPI 1930) = $1,240,000
Since Babe Ruth was the highest paid baseball player back then, if we compare his updated salary to Kershaw's salary, it represents only = $1,240,000 / $33,000,000 = 3.76%.
That means that most of the players' salary raise was due to other factors, not just inflation.
I inferred want to know more about free trade agreements.
<u>Explanation:</u>
Put simply, a <u>free trade agreement</u> occurs between two or more countries, in which the agreement removes barriers of trade (imports and exports) between the Countries.
For example, if country A sells shoes to country B, <em>under</em> a free trade agreement there will be no government tariffs imposed by country B on the goods imported from country A.
Answer:
Use strong judicial tools as patents and copyrights. Be flexible to enter the market. Understand that is more expensive to acquire a new client that to maintainn and excisting one.
Explanation:
The powerfull companies can make a product or service look bad (sabotage) or can change its prices to eliminate possible competitors from the market, they also have a huge share of the market so there are not many avilable new clients to gain.
D.) An account earning interest compounded daily.
This is the account that would have the greatest accumulated value at the end of one year.
Let us assume the following figures.
Principal = 1,000
Interest rate = 12% p.a.
Term 1 year
a) account earning no interest = 1,000
b) account earning simple interest
S.I. = 1,000 x 12% x 1 = 120
Balance = 1000 + 120= 1,120
c) account earning interest compounded annually
FV = 1,000 (1+.12)¹
FV = 1,000 (1.12)
FV = 1,120
d) account compounded daily
FV = 1,000 (1 + .12/365)³⁶⁵
FV = 1,000 (1 + 0.00033)³⁶⁵
FV = 1,000 (1.00033)³⁶⁵
FV = 1,000 (1.128)
FV = 1,128
