Answer: In general, individuals and nations should specialize in producing goods <u>"C. for which they have a lower opportunity cost compared to"</u> other individuals or nations.
Explanation: According to the theory of comparative advantages: Each country should specialize in what is most efficient. A comparative advantage is the ability of one country to produce using relatively less resources than another.
Answer:
rate at which a person can trade the currency of one country for the currency of another
Explanation:
Nominal exchange rate is a rate at which a person can trade the currency of one country for the currency of another.
Nominal exchange rate = real exchange rate + inflation rate
Real exchange rate is the number of goods a person can trade for a similar good in another country.
The real exchange rate has been adjusted for inflation.
Real éxchange rate = nominal exchange rate - inflation rate
I hope my answer helps you
Answer:
$20,000
Explanation:
The small investment in equities and bonds must be valued at market value and must not be accounted for in-accordance with the speculation of the company. So the market value here is $20,000 and must be valued at this price irrespective of the management valuation.
Answer:
Assets include the value of securities and funds held in checking or savings accounts, retirement account balances, trading accounts, and real estate. Liabilities include any debts the individual may have including personal loans, credit cards, student loans, unpaid taxes, and mortgages.
Explanation:
Answer: TRUE
Explanation: Gross Domestic Product ( GDP) can be described as the market value of all goods and services produced in a country within a particular time period which is usually a year.
The equation for finding GDP is given as -
GDP = Consumption + Investment + Government Spending + ( Exports - Imports)
Nominal GDP can be described as the market value of all goods and services produced in a country within a particular time period using current market prices.
Real GDP can be described as the market value of all goods and services produced in a country within a particular time period using base year prices. Using base year prices to calculate real GDP adjusts for inflation.