Answer:
The theory of comparative advantage says that nations should yield and trade only those merchandises in which they have a reasonable advantage i.e. which they are specialize in.
To compute the comparative advantage of two nations A and B, let us first compute the opportunity cost of making movies and vehicles in each.
Country A:
Opportunity cost of making 1 automobile = 2 movies
Opportunity cost of making 1 movie = 1/2 automobile
Country B:
Opportunity cost of making 1 automobile = 8/5 movies
Opportunity cost of making 1 movie= 5/8 automobile
Since the prospect cost of making an automobile is lesser in Country B and the prospect cost of making movies is lesser in country A, thus Country A would make movies and country B would make automobiles.
Answer:
The correct answer is letter "C": increase; remain unchanged.
Explanation:
Externalities are the effect by which third parties are affected by the actions of others even if the third party does not have to do with operation s of the entity causing the harm. The typical example of an externality is related to companies' pollution. Governments are more than likely to impose taxes on such organizations. Not to affect their profits and to keep their production at the same level, those companies raise the price of their products affecting the consumer eventually.
Then, <em>imposing levies on carbon will rise the price of carbon goods keeping the quantity produced at the same rate.</em>
Answer:
1. The GDP deflator for this year is calculated by dividing the <u>value of all goods and services produced in the economy this year</u> using <u>this year's prices </u>by the <u>value of all goods and services produced in the economy this year </u>using <u>the base year's prices</u> and multiplying by 100.
This is why the formula for the GDP deflator is = GDP by year n prices/ GDP by base year prices.
2. However, the CPI reflects only the prices of all goods and services<u> bought by consumers. </u>
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3. Which does an increase in the price of a Chinese-made car that is popular among U.S. consumers show up in? - <em><u>B) CPI</u></em>
The Chinese-made car is not made in the US and is included in the basket of goods consumers buy which is used to calculate calculate CPI.
4. Which does a decrease in the price of a Treewood Equipment feller buncher, which is a commercial forestry machine that cuts and stacks trees show up in? - <em><u>A) GDP Deflator</u></em>
This is not part of the goods in the basket and it is assumed to be made domestically so it is part of the GDP Deflator.
Phased retirement gives employers the benefit of keeping an experienced worker and gives older people a chance to make a continued contribution at a more relaxed pace.
<h3>What is Phased retirement ?</h3>
- A human resource's strategy called phased retirement enables full-time employees to work part-time hours while starting to receive retirement benefits.
- Employers may be able to better manage or even lower payroll costs during the transition by utilizing phased retirement.
- This plan enables the retiree to work less hours, often switching from full to part-time, and uses less payroll funds.
- It is completely optional and requires the agreement of both the employee and the hiring organization.
- An employee must have worked three years straight at a full-time job in order to be eligible to participate.
Learn more about retirement here:
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