Answer:For example, the Ricardian model of trade, which incorporates differences in technologies between countries, concludes that everyone benefits from trade, whereas the Heckscher-Ohlin model, which incorporates endowment differences, concludes that there will be winners and losers from trade.
Answer:
Explanation:
The journal entry is shown below:
Work in Process-Molding A/c Dr $3,000
To Accounts Payable Control $3,000
(Being the purchase and used production is recorded)
The computation of the purchase amount is shown below:
= Number of kgs purchased × price per kg
= 500 kgs × $60
= $3,000
The other information which is given is not considered. Thus, ignored it
Answer:
So the answer for this case would be n=12 rounded up to the next integer
Explanation:
represent the sample mean
population mean (variable of interest)
s=840 represent the sample standard deviation
n represent the sample size
The margin of error is given by this formula:
(a)
And on this case we have that ME =150 and we are interested in order to find the value of n, if we solve n from equation (a) we got:
(b)
The critical value for 95% of confidence interval, the significance level if 5% and the critical value would be 
, replacing into formula (b) we got:
So the answer for this case would be n=12 rounded up to the next integer
Answer: c). supply is limited and demand is not limited
Explanation: When supply of a good is limited while its demand is not limited as rise in the price of the good, will not lead to a substantial decline in the quantity. The 2005 boston globe article discussing ticket scalping points out that the price people will pay for tickets will rise when supply is limited and demand is not limited. This limited supply will induce consumers to compete among themselves and pay a higher price in order to get the limited supply.
