Answer:
1.Georgeland has an absolute but not a comparative advantage in producing clothing.
Explanation:
Georgeland has an absolute advantange, because with the factors of production that it has available (the question does not specify the amount), it can produce either more food, or more clothing than Alland.
But Georgeland does not have comparative advantage in producing clothing, because the cost of opportunity of doing so is higher than Alland's, as can be seen in this comparison:
If Alland produces 16 units of clothing, it gives up on 32 units of food.
If Georgeland produces 18 units of clothing, it gives up on 36 units of food.
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</span>
<span>·<span> </span></span>solutions, products, and services,
<span>·<span> </span></span>marketing skills,
<span>·<span> </span></span>financial strength,
<span>·<span> </span></span>response capability,
<span>·<span> </span></span><span>resource availability.
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Answer:
D. -$1,116
Explanation:
Total amount of purchase = number of shares * price per share
= 300 * $8.62
= $2,586
Total dividends received = number of shares * dividend per share
= 300* $0.10
= $30
Total proceeds from sale of shares = number of shares sold * price per share
= 300* $4.80
= $1,440
Total dollar return = (Total proceeds from sale of shares + Total dividends received - amount of purchase)
= $1,440 + $30 - $2,586
= -1,116
Answer:
economic (or business) cycles are less severe.
Explanation:
If the wages follow the general price level, it means that they will follow the inflation rate. When the economy is strong and inflation might rise, then the wages should increase accordingly. When the economy is starting to enter a recession then the inflation rate will reduce, so wages will not increase as much (if any increase at all).
This type of economic policy favors expansion cycles since private consumption is the main component of the GDP and also helps when the economy enters a recession because the wages will follow inflation rate which will help make the recession less severe and hopefully shorter.
One basic concept for this to work is that inflation is always a positive number, countries rarely (if ever) go through deflation processes.
Annual interest rate that factors in compounding effects.
Formula: APY = ( 1 + APR/n )^n - 1
