Answer:
Comparing the opportunity cost and possible gains for both Juan and Wanda helps to determine which party should produce Pancakes and who should produce Bacon.
In other words, it reveals where their comparative advantages lie.
The party with the lowest opportunity cost in a particular product has the highest Comparative Advantage.
Explanation:
If for instance, the ratios give off Juan as having the highest opportunity cost in the production of Pancakes, when compared with Bacon and Wanda has the highest opportunity cost in the production of Bacon when compared to pancakes then Juan should focus on producing Bacon and Wanda Pancakes whilst they trade with each other for the other product where their comparative advantage is lowest.
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<span>Correct matches
</span>
<span>receiving $5 for washing your father’s car (incentive)
leakage in the US economy (a person in the United States purchasing a car made in Germany)
paying part of your income to the government (taxation)
injection in the US economy (a person in China purchasing an
American mobile phone)
</span>
$5 is an incentive because it motivates.
<span>
</span>Tax is a proportion of income paid to the government in a progressive rate. (
When a person in the US buy outside, he reduces the flow of income (leakage).When someone buys inside he introduces an income (injection in the economy). <span>
</span>
Answer:
the likely thing is to simply show him the approach
the least likely thing to do is to follow what he says
Explanation:
The answer is B, help a friend edit his college essay. Hope I helped!!