The correct answer of the given question above would be to LEASE THE CAR. If Jim wants to buy a car, but he'll probably need it for a couple of years and he only has a short commute to work so he won't be putting many miles on his vehicle, the best transportation option for him is to lease the car. Hope this answer helps.
Answer:
a. Have a comparative advantage in some products.
Explanation:
France, Bolivia, and Taiwan have a comparative advantage in some products.
Although the impact on the equilibrium quantity cannot be determined, a rise in demand and a decrease in supply will result in an increase in the equilibrium price. 1. Consumers now place a higher value on goods, and producers must charge a higher price to offer the goods; as a result, prices will rise for all quantities.
If demand increases at the same time as supply increases, as is the case in the scenario depicted, the new equilibrium price will be greater than the initial equilibrium price.
We therefore know that an increase in supply decreases equilibrium price and increases quantity, while a rise in supply increases equilibrium price and decreases quantity (and vice versa) (and vice versa).
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Answer:
A. Education, savings, and human capital, respectively.
