Its people add to the value of its resources by making it inimitable
Answer:
the supply of dollars is likely to exceed the demand in the foreign exchange market, ceteris paribus.
Explanation:
A deficit can be defined as an amount by which money, falls short of its expected value.
In Financial accounting, deficit is usually as a result of revenue falling below expenses or expense exceeding revenue at a specific period of time.
For instance, if in a country liabilities exceeds assets or import exceeds export there would be a deficit in the financial account of the country.
This is simply as a result of a country having to import more goods and services than it is exporting to other countries in trade.
Generally, a deficit on the current account is because the value of goods and services exported is lower than the value of goods and services being imported in a particular country.
If the United States imports more than it exports, then the supply of dollars is likely to exceed the demand in the foreign exchange market, ceteris paribus (all things being equal) because it is not selling its goods and services to other countries.
Answer:
$8
Explanation:
Fixed cost is the cost that does not vary with output. It is the cost incurred even if output it zero - if no unit of output is produced.
fixed cost = average fixed cost x output
The fixed cost is $24. this is the cost incurred when output is zero
Average fixed cost = $24/3 = $8
