Answer: C. Colombia has an absolute advantage producing coffee, and Cuba has an absolute advantage producing oranges
Explanation:
From the question, we are informed that Colombia spends 2 hours producing coffee and 6 hours producing oranges, and Cuba spends 3 hours producing coffee and 1 hour producing oranges.
Since Columbia spends a lesser time producing coffee and Cuba spends a lesser time producing oranges, it means that Colombia has an absolute advantage producing coffee, and Cuba has an absolute advantage producing oranges.
Answer:
Barb will earn interest on interest yes because she don't retire the interest
Explanation:
a. Barb will earn compound interest both will aearn compound interest.
b. Barb will earn more interest the first year than Andy both are compound annualy. The first year both will earn the same amount of interest.
c. Barb will earn interest on interest yes because she don't retire the interest and reinvest it.
Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest of previous periods of a deposit or loan
d. After five years, Andy will have more money in his account than Barb. No because he spend his interest.
e. Andy will earn more interest the first year than Barb both are compound annualy. The first year both will earn the same amount of interest.
A company controls the market for a good or service
<span>The fact that Ramon funds small businesses that he believes have the potential to grow large and when these companies are still in their initial stages and need investment, he buys their stocks at a low price and later sells them at higher prices when they are successful means that Ramon is a venture capitalist. The term venture capitalist in economics describes a person who i</span>nvests in a business venture, providing capital for start-up or expansion.
