Answer: TRUE
Explanation: In case of partnership, the owner and business are not considered to be separate legal entity. Thus, if a partner leaves the company whether willingly or unwillingly as in case of death, the existing agreement dissolves.
In such a case, the remaining partners calculate if there is any obligation on the entity to pay to the old partner or some share that the old partner is liable to pay to the firm.
After such considerations a new partnership agreement is formed by the remaining partners.
Closing mines has economic impacts on communities. It cuts off all the many advantages that are attached to mineral resources and have negative impacts on the government returns for that community. Thus, the answer is false.
Answer:
Brazil has comparative advantage in Ethanol.
Both US & Ethanol can gain from trade, if they specialise in their good of comparative advantage & import the other at lower opportunity cost.
Explanation:
Comparative advantage is when an economy can produce a good with lesser opportunity cost than other economy.
Brazil can produce ethanol at lower opportunity cost, as it uses lesser resources to produce Ethanol, compared to US.
So, Brazil has comparative advantage in producing ethanol. Both US & Brazil can gain from specialisation : As, US can get more ethanol at lesser than domestic opportunity cost. And, Brazil can also gain from trade by importing the good in which US has better opportunity cost & comparative advantage, in exchange of exported ethanol. It would imply Brazil would get more of the other good at lesser than domestic opportunity cost.
Answer:
Set.
Explanation:
Closure property in algebra asserts that 'when an operation(multiplication, addition) takes place among the members of a set, the result produced would surely be a member of that same set.' For example, if we add or multiply two real numbers(members of the same set), the result would be a real number for sure(a member of the same set). It implies that 'real numbers are closed under multiplication and addition.' While if I subtract two real numbers, I may or may not get a real number. Thus, the real numbers are closed under subtraction.
A credit report is a detailed report of an individual's credit history.
