Non-farm payrolls refer to jobs in the manufacturing sector and other industries that are not farm. As part of its Employment situation report, the U.S Bureau of Labor Statistics releases closed-followed monthly data on nonfarm payrolls, the statistics from the nonfarm payroll also shows which sectors are generating the most employment additions. It measures the change in the number of people employed during the previous month except to the farming industry. At the onset recession, the nonfarm payrolls tend to reduce. The PMI or the Purchasing Managers Index is a measure of the economic health of the manufacturing sector. As stated by an analyst at TD Securities, the point of view for manufacturing is demoralized, and the sector is in recession.
Answer:
b. countries can become better off by specializing in what they do best.
Explanation:
Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.
The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.
In 1817, David Ricardo who is an english political economist talked about the law of comparative advantage in his book “On the Principles of Political Economy and Taxation."
Also, the principle of comparative advantage asserts that countries can become better off by specializing in what they do best.
This simply means that, any country applying the principle of comparative advantage, would enjoy an increase in output and consequently, a boost in their Gross Domestic Products (GDP).
The answer to this question is "OUTCOME FAIRNESS". Such as in addition to compensation, the customers expect OUTCOME FAIRNESS. In other words, the customers expect fairness in terms of policies, rules, guidelines, and timeless of the complaint process. Therefore, the answer is the last item in the choices which is outcome fairness.
Answer:
B) quota
Explanation:
A quota is a trade constraint imposed by government, which confines a nation's import or export within a certain period, or the amount or monetary value of the products. Nations use quotas to control trading volumes between them and the other nations in global trade. A tariff would put taxation on the Chinese's exports and it doesn't favour them.
Answer:
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