Yes, this makes Mexican workers more cost-effective than U.S. workers, keeping other things constant.
<u>Explanation:</u>
Minimum wage is the amount of money that an employee will get from his employer for working for an hour. This adds up to the total cost of the goods produced by the workers.
If the minimum wage of the workers in Mexico is less than the minimum wage received by the workers in the United States, it means that they are more cost effective and will lead to the production of the goods at a cheaper rate, keeping other things constant in the production process.
EMI = $658.69
<u>Explanation:</u>
Amount of money, Principal P = $131,040
Time, n = 15 year , n = 180 months
Rate of interest, R = 6% per annum = 0.5% per month
Amount per month, EMI = ?
We know,
EMI = [ P X R X (1 + R)ⁿ] / [(1 + R)ⁿ⁻¹]
EMI = [131040 X 0.005 X (1+0.005)¹⁸⁰ ] / [(1+0.005)¹⁸⁰⁻¹
EMI = [655.2 X 2.454] / 2.441
EMI = $658.69
Therefore, EMI = $658.69
1. Shock
2. Pain
3. Anger
4. Acceptance
In my opinion the Government has to do just two thing: give security to people (police force) and an adequate legal system. All the other things can be done by the private sector and even the two things mentioned before can be done by private companies. I am not Keynesian. I don't believe in the government intervention. I believe that politicians have their own agenda and it is not helping people but to be elected.
The proper answer in your case is D ok by
