Electricity is caused by the flow or net movement of

Suppose that Italy and Sweden both produce jeans and stained glass. Italy's opportunity cost of producing a pane of stained glas

vichka [17]

Answer:

Based on the answer to the question, the only one of the given terms of trade (that is, price of stained glass in terms of jeans) that would allow both Sweden and Italy to gain from trade is 8 pairs of jeans per pane of stained glass because 8 pairs is more than 4 pairs, which will be attractive to ITALY and is less than 10 pairs which is a cheaper cost for SWEDEN.

Explanation:

1. Italy's opportunity cost of producing a pane of stained glass is 4 pairs of jeans while Sweden's opportunity cost of producing a pane of stained glass is 10 pairs of jeans

2. By comparing the opportunity cost of producing stained glass in the two countries, you can tell that SWEDEN has a comparative advantage in the production of stained glass and ITALY has a comparative advantage in the production of jeans.

3. Suppose that Italy and Sweden consider trading stained glass and jeans with each other. Italy can gain from specialization and trade as long as it receives more than <u>4 Pairs </u>of jeans for each pane of stained glass it exports to Sweden. Similarly, Sweden can gain from trade as long as it receives more than 0.1 pair of stained glass for each pair of jeans it exports to Italy.

4.Based on the answer to the last question, the only one of the given terms of trade (that is, price of stained glass in terms of jeans) that would allow both Sweden and Italy to gain from trade is 8 pairs of jeans per pane of stained glass because 8 pairs is more than 4 pairs, which will be attractive to ITALY and is less than 10 pairs which is a cheaper cost for SWEDEN.

4 0

3 years ago

You have just sold your house for $ 1000000 in cash. Your mortgage was originally a 30-year mortgage with monthly payments and

DedPeter [7]

Answer:

cash will you have from the sale once you pay off the mortgage is $ 510194.55

Explanation:

given data

sold your house = $1000000

time t = 30 year = 360 month

initial balance P = $750,000

mortgage currently exactly = 18½ years = 138 months

interest rate r = 7.75 % = 0.646% per month

solution

we get here monthly loan payment that is

C = P ÷ $\frac{1}{r} \times (1-\frac{1}{(1+r)^n})$ ...............1

Putting values in formula we get

C = 750,000 ÷ $\frac{1}{.00646} \times (1-\frac{1}{(1+0.00646)^{360}})$

C = $5374.12

so monthly payment is $5374.12

and here Balance after 18.5 year will be

Balance after 18.5 year = $5374.12 × $\frac{1}{0.00646}$ × $(1-\frac{1}{1.00646^{138}})$

Balance after 18.5 year = $489805.45

and

we received here $1000,000 excess cash received is

cash received = 1000,000 - 489805.45

cash received = $ 510194.55

4 0

4 years ago

Which of the following best explains why most people don’t consume units of goods to the point that their marginal utility falls

Oksana_A [137]

Explanation:

xxxxoxoxoxoxoxoxxooxoxpxpxpxpxpxpxppx0x

5 1

3 years ago

Read 2 more answers

What is true of representative money? Check all that apply

mixas84 [53]

Complete Question

What is true of representative money? Check all that apply.

A. It can be exchanged for a valuable good.

B. It was once the most common form of money.

C. It was used in systems involving a "gold standard."

D. It can be traded for a commodity such as silver.

E. It is made with precious metals or stones.

Answer to this Question:

A. It can be exchanged for a valuable good.

C. It was used in systems involving a "gold standard."

D. It can be traded for a commodity such as silver.

Yes, it is very much true that money can be exchanged for valuable goods. We can certainly buy goods in return for giving money. Different commodities can be purchased by exchanging it. This is very common method which you can see all around you now-a-days. Money can also be used to buy the gold. It means money's form can be changed in this particular way, the gold then can be traded in the same way as you can use money as we have mentioned in the option A. Money can also be traded directly for a commodity such as sliver or other precious metals as well. Money's main function in all of the valid options here will remain the same; Exchange, used to purchase another commodity by using it in its pure form or trading it indirectly in another form. Whereas it totally different from the Barter trade where people used different commodities as an exchange medium to buy another one.

7 0

4 years ago

Read 2 more answers

A _______________ ___________ is part of the organization’s hierarchy, controlled by a manager/supervisor, with authoritarian or

Andru [333]

Answer:

Work Group

Explanation:

Work groups are groups of people with differents skills that work in sinergy to achieve a goal. They are controlled by a supervisor , PM or manager. This are the decision making focals but they let the team do what they do best.

3 0

3 years ago