It is the standard (IRS) form that individuals use to file their annual income tax returns
Answer:
The correct answer is letter "B": generalized system of preferences.
Explanation:
Generalized System of Preferences or GSP is a set of preferential tariffs developed countries set to developing countries usually at a lower rate to boost the trade among those countries which mainly helps developing countries to increase the quality and number of their manufacturing companies.
Country A would have absolute advantage because it produces the most pounds of bananas per year per growing acre.
<h3>What is Absolute advantage?</h3>
This is defined as the ability to produce more than available competitors in the market.
Country A produces more pounds of bananas per year per growing acre which is why it has an absolute advantage over country B.
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The wage will create surplus of workers since it is above the equilibrium wage.
