A comparative advantage exists when the possible value of specialization is lower than that of different nations. The life of comparative advantage is, in turn, suffering from things consisting of abundance, productivity, cost of exertions, land, and capital.
Comparative gain refers back to the capacity to produce goods and services at a decreased opportunity value, no longer necessarily at a greater volume or quality. Comparative advantage is a key insight that trade will still arise despite the fact that one u . s . has an absolute advantage in all products.
Comparative gain is a key principle in global trade and paperwork the basis of why free change is useful to nations. The idea of comparative advantage indicates that even supposing a country enjoys an absolute advantage in the manufacturing of goods, trade can nonetheless be beneficial to each trading partner.
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The answer for the question is the letter B) advanced graphics
Answer:
$100
Explanation:
Of the beginning balance on the supplies account was $1,000 and purchase of supplies of $500, it would have given a balance of $1,500 in the supplies account during the day for the business. The amount that was used from supplies at end of day is $1,400.
So balance at end of day is 1,500- 1,400= $100.
Alternatively we can use the following formula
Closing balance= Opening balance+ Inflows - Outflows
Closing balance= 1,000+ 500 - 1,400
Closing balance= $100
Answer:
False
Explanation:
The opportunity cost is the cost that an economy faces when people decide to do something and not doing another thing. In this case, the opportunity cost of producing butter is not producing guns and in the same way, the opportunity cost of producing guns is to not produce butter. Then, if the economy produces more butter, the opportunity cost in terms of guns increases because resources are being used in butter and not in guns.
For example:
I have 20 units of resources and to produce 1 gun or 1 butter I spend 1 unit of those resources. If I was producing 15 butters and 5 guns and then I increase butter production to 18, the opportunity cost in terms of guns is that I am producing 3 guns less, my cost is 3 guns less. If I decide to increase the butter production to 19 units, my cost is 4 guns less.
In the same way, if the economy produces more guns, the opportunity cost in terms of butter increases because resources are being used in guns and not butter. Thus, it is false that as more guns are produced, the opportunity cost of guns in terms of butter decreases. As more guns are produced, the economy is sacrificing more units of butter, then the opportunity cost, in terms of butter, increases.
Answer:
.[D] Sue must invest approximately $800,000 per person
Explanation:
Sue requires $ 2000 supplemental monthly income, per person
Interest rate 3 % per year
Requires income per year = $ 2000 x 12 = $24,000
$ 24000, represents 3 % of investments required
i.e. 3/100 %= $ 24,000 per person
0.03% =$24,000
100 % investment =24000/0.03
=$ 800,000.00
