Answer:
Distinguish between an absolute advantage and a comparative advantage is discussed below.
Explanation:
Absolute advantage and a comparative advantage
- Absolute advantage concentrates on the marginal cost of reproduction of an asset whereas comparative advantage characteristically concentrates on the opportunity cost of production.
- Trading judgments based on comparative advantage between nations are forever respectively advantageous.
Answer:
(European) goldsmiths
Explanation:
European goldsmiths (Italian goldsmiths were the first) formulated a principle that only 5% of deposits were needed in reserve at any particular time, therefore they could lend 95% of the gold they held in deposit.
Goldsmiths would rent space in their vaults that allowed other people to keep their gold in a safe place. That led to transactions were notes indicating the amount of gold deposited would be traded instead of trading gold itself.
Eventually goldsmiths discovered that they could trade (lend) more money than the amount of gold they held in deposits, inventing fractional reserve banking.
Answer:
Explanation:
In a group meeting or any setting that requires a leader, many body language signs can accidentally cause someone to be singled out or chosen as a leader. Such signs as smiling, making eye contact, good posture, assertive attitude, hand gestures, etc are all body language signs that give off confidence to those around you, and confidence is the main trait of a leader.
Answer:
No - FALSE
Explanation:
Scoop Masters Inc. has been charged by Fab Flavors Corp. with stealing Fab Flavors' patented process for making ice cream. After the papers are filed, Scoop Masters begins shredding all documents pertaining to its ice cream-making process. Since no motion has been made requesting production of documents, Scoop Masters has done nothing wrong is a false statement. Scoop Masters Inc. has done really wrong. They have stolen someone else's idea of making a product even without their consent and then without mentioning their name and rights and trademarks. Moreover, they shredded all the proof in order not to be caught by the court in law. They have some serious crime which is totally wrong and unacceptable in all cases at all grounds.
