Answer:
A. Low; low
Explanation:
When interest rate on treasury bill and other financial asset is low , that means , there is less demand of money in the market . It implies that the opportunity cost of holding money is low . The opportunity cost of holding money is return on treasury bill which is stated to be low. It happens so because demand of money is low in the market.
Answer:
B) aliceland has an absolute advantage, but not comparative advantage, in producing food.
Explanation:
Aliceland has absolute advantage in the production of food because it produces more food (32) than Georgeland that produces (16). Aliceland doesn't have a comparative advantage because both lands have the same comparative advantage in the production of food.
Comparative advantage of Aliceland in food production = 16 / 32 = 0.5
Comparative advantage of Georgeland in food production = 8 / 16 = 0.5
Aliceland has absolute advantage in the production of food and cloth but no comparative advantage in either.
Georgeland doesn't have absolute or comparative advantage in the production of food and clothes.
I hope my answer helps you
Answer:
if business owners want to maximize the value of the company, they should invest in projects that have the greatest value added.
The correct answer is Singapore. For Plato!