Answer:
The correct answer is <em>d. Canada requires fewer resources than the U.S. to produce a bushel of wheat.</em>
Explanation:
A country (in this case Canada) has a comparative advantage over another country (in this case the United States) to produce a certain product (in this case wheat) if the production costs of that product (wheat) are less than from the other country, regardless of the opportunity cost of producing that other product in that country.
The comparative advantage is based on the fact that the country has developed greater efficiency in the use of resources or that it has greater ease of access to them due to better conditions of nature, greater technological development in the field in question, human capital more specialized in that economic field, etc.
The opportunity cost of producing a product or another in the same country does not affect a deterioration or increase of the comparative advantage developed to produce such a product.
Answer:
1.075
Explanation:
The computation of the profitability index is shown below:
= Net Present value ÷ Required investment
where,
Net Present value
= Annual cash inflows × PVIFA for 8 years at 12%
= $92,000 × 4.9676
= $457,019.2
0
Refer to the PVIFA table
And, the required investment is $425,000
So, the profitability index is
= $457,019.2
0 ÷ $425,000
= 1.075
Answer: Depends
Explanation:
If you aren't attending days continue the chances of you missing out on available infromantion it likely. I wouldn't trip on it to much but know that if you are looking to attend a college they have ways to see your attendance by looking into your previous school records. As long as you have good grades I wouldn't trip that much ¯\_(ツ)_/¯
Trade Protectionism helps to create domestic jobs, increase GDP and make a domestic economy more competitive globally.
<h3>
What is trade protectionism?</h3>
Trade protectionism is described as when a country, or occasionally a collection of countries working together as a trade bloc, erects commerce barriers with the express purpose of defending its economy from potential risks associated with global trade.
Strategies that can be used for this purpose are:
- Tariffs, which are taxes on imports from other nations and international markets, are one tactic that can be employed for this aim. Here, the government is enforcing the tariff in an effort to limit the importation of products and services from abroad, safeguard its own industries and businesses that produce these things, and increase tax revenues.
- Quotas are specific limitations on the volume of a given class of goods, commodities, and products that may be allowed to be imported into a country. A particular group of people or businesses are typically granted import licenses in order to comply with this import quota.
- subsidies: Government payments to domestic producers are known as subsidies. This can take the form of monetary compensation, loans with low or no interest, tax deductions, or government ownership of common stock in domestic corporations.
- A country may impose local content requirements by establishing a manufacturing standard requiring that a specified part or parts of a product be manufactured domestically in an effort to reduce imports.
- Administrative trade policies are composed of laws, rules, and regulations that are intended to make it extremely difficult for someone to import goods or commodities into a specific country.
- Antidumping laws are put in place by a country to stop products from being sold in foreign markets for significantly less than their manufacturing costs in an effort to capture a sizable portion of that market.
- By reducing the value of a country's currency in the foreign exchange markets, exchange rate controls can be used to lower the price of a country's exports.
To know more about Trade Protectionism refer to: brainly.com/question/27622280
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