Answer:
3%
Explanation:
Data provided as per the question
Nominal interest rate = 100%
Inflation rate = 7%
The computation of the real interest rate is shown below:-
Real interest rate = Nominal interest rate - Inflation rate
= 10% - 7%
= 3%
Therefore, for computing the real interest rate we simply deduct the inflation rate from the nominal interest rate.
Answer:
True
Explanation:
Strategic planning process is what help identify the objectives of a business and then develop plan to achieving those objectives. It gives direction to management decision while addressing business challenges.
The aim of strategic planning process is to prevent a company from carrying out task without directions because when those controlling business or its owners do not have clear vision, wrong decision may be made hence create problems for the employee regarding their stand in the company.
Strategic planning process includes identifying strategic position, gather information, conduct SWOT analysis, create a strategic plan, execute the strategic plan etc.
Answer:
c. potatoes
Explanation:
The computation is shown below:
Opportunity cost of producing 1 tons of wheat is
for US = 4 ÷ 3 = 1.33 tons of potatoes
for Ireland = 2 ÷ 1 = 2 tons of potatoes
As the opportunity cost is higher in united states of potatoes so here the united stated should be comparative advantage in generating potatoes
