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Bas_tet [7]
2 years ago
7

Why does a country need to have a comparative advantage in a particular product in order to engage in trade with another country

?
Business
1 answer:
harkovskaia [24]2 years ago
5 0

Answer:

Countries have a comparative advantage in production when they can produce a good or service at a lower opportunity cost than other producers.

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Profits from a sole proprietorship are reported as taxable income and (B) are subject to a self-employment tax of approximately 15%.

Explanation:

Sole proprietors are asked to  contribute  to both the Social Security and Medicare systems,this type of  contributions is known as the  "self-employment taxes."

Self-employment taxes are considered equal to the  payroll tax in case of an  employees of a business. Regular employees are said to make their  contributions to the above mentioned  two programs in form of  deductions fr, sole proprietors  make such contributions when the pay their  income tax

The rate of  self-employment tax  is 15.3%, which is further divided as  12.4% of  Social Security  and 2.9% of  Medicare .

Thus we can say that Profits from a sole proprietorship are reported as taxable income and (B) are subject to a self-employment tax of approximately 15%.

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Steve Jobs of Apple was known as a perfectionist. "My job is not to be easy on people," he said. "My jobs is to take these great
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<span>North america is about 80% urbanized. this mean that about 75% of north american people live in cities. also the population is very less compared to the land area. May be people would prefer to live in urban areas rather living in rural or forest areas. this condition is helpful in preserving forest and natural resources. the only problem is the quality of living in urban areas will be poor compared to rural areas.</span>
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