Answer:
(b). What to produce with unlimited resources.
Explanation:
The main economies issues involve how to produced, what to produced and whom to produced
How to produced involves the method by which the production could take place i.e machinery, equipment, etc. It consists of a labor-intensive technique and capital intensive technique.
What to produce: It is a most important question about what type of product is to be produced, in which quantities, etc
Whom to produce: For which classes, the product should be produced. It would be lower, middle or upper class. This can be determined by analysis of purchasing power
And we already know the resources are very limited.
Answer: Option (d) is correct.
Explanation:
A country has a comparative advantage in producing a commodity if the opportunity cost of producing that commodity in terms of other commodity is lower in that country as compared to the other country.
A country has an absolute advantage in producing a commodity if less resources are required to produce a unit of a commodity as compared to the other country.
Therefore, Colombia has an absolute advantage in producing coffee.
This business is a price setter. There are two kinds of business in the market: price takers and price setters. Price setters are those that don't go with the flow, and set their own market value. Price takers are the opposite. They mostly follow or accept the prevailing market prices. Since the business sells a product that's one-of-a-kind, it has the advantage of selling it at any price it wants.
The annual percentage rate so calculated in the given case is equal to <u>11 percent.</u>
<h3>What is the formula for Annual Percentage Rate?</h3>
The Annual Percentage Rate(APR) is calculated by dividing the finance cost by the total amount borrowed in the following manner:
To know the amount of the Finance charge, we have to add the interest and the service charge.
Finance charge = $100 + $10
Finance charge = $110
Hence, The annual percentage rate is equal to <u>11%.</u>
Learn more about the Annual percentage rate:
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Answer:
poop is the place to go. as long a as there is a bathroom nearby
