It would be depending on how they filled out their tax forms before starting the job. Some people may have children to claim on their tax returns and some people may only be able to claim only theirself .
Answer:
May; cannot do anything
Explanation:
In the short run, the aggregate supply curve will react to price level, which means it is upward sloping rather than vertical. If the price level increases, quantity supplied will increase. If the price level decreases, the quantity supplied will decrease.
Answer:
(a) 3 pounds of shrimp
(b) 5 pounds of shrimp
Explanation:
Opportunity costs refers to the costs or benefits that are foregone to select some other alternative.
Vietnam can produce 180,000 pounds of shrimp or 60,000 pounds of rice in a year:
Opportunity cost of producing one pound of rice = 180,000 ÷ 60,000
= 3 pounds of shrimp
Ecuador can produce 130,000 pounds of shrimp or 26,000 pounds of rice in a year:
Opportunity cost of producing one pound of rice = 130,000 ÷ 26,000
= 5 pounds of shrimp
Therefore,
According to the principle of comparative advantage, the Vietnam has a comparative advantage in producing rice because it has a opportunity cost of producing rice than Ecuador.
Answer:
C. Rapid rises in price levels made the Zimbabwean dollar near worthless in terms of purchasing power.
Explanation:
As in the given situation it is mentioned that 10 year old boy has the bill of billion dollar this represented that the country really printed the bill of billion dollar. It means that the attempt is to be done in order to print a currenct note of higher denomination that also represent that the country would increased such level also at the same time a big amount is required to purchased the goods and services.
Also the high denomination values would not consist of actual value as they have purchasing power i.e. negligible
