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Monica [59]
3 years ago
10

Italy and India are countries that trade with each other. If Italy has a comparative advantage in cell phones and India has a co

mparative advantage in hats​, which of the following is a correct statement about the effects of trade between these​ nations?
A. Italy will lose jobs in the cell phone industry.
B. Both countries are likely to be better​ off, and world production will increase.
C. There will be a net loss of employment in India.
D. Both countries will lose jobs through trade and be worse off.
Business
1 answer:
nydimaria [60]3 years ago
4 0

Answer: Option B

Explanation: It would be better for both the countries to trade with each other. India will save its opportunity cost of producing cell phones and Italy will save it on production of hats. Also the employment will increase in both countries in the relative sector in which they have competitive advantage over the other.

Thus, from the above we can conclude that the correct option is B.

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1 year ago
Adam is a part-time employee who earned $495.00 during the most recent pay period. He is married with two withholding allowances
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Answer:

Amount of Social Security tax  = $30.69

Explanation:

given data

earned = $495.00

pay = $6,492.39

to find out

How much should be withheld from Adam's gross pay for Social Security tax

solution

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and social security tax rate is  6.2%

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