Business, 28.02.2020 04:00 FlyingUnicorn123

There are two countries trading. The one (A) devalues by 25%, while in both A and B their prices go up 25%. Talk on the issues of standard of living in the two countries, as well as competitiveness (standard of living is affected by both productivity and competitiveness.). Secondly, would your answers differ, if in the case of country A there is no devaluation, but a 25% productivity increase and a commensurate price decrease? (for B, its prices still rise by 25% in the second scenario).

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Answer from: iwantcandy2002

Exchanging among two nations:

Devaluation of productivity in two nations to the work will impact the business in the market. Directly it consequences for the benefit on the company. If we talk about the issues and the explanations behind downgrading between the nations, it will matters a great deal in the item trade and boundaries between the trading. If the work compensation increments on profitability, eventually work can deliver most extreme items which prompts colossal stockpile between the two nations.

If there is no devaluation there is no downgrading, at last creation increments in amount and furthermore work hours will increment with viably, at that point certainly work will get the real wages without creation misfortune and it assists with delivering substantial creation.

We can investigate the expectation for everyday comforts and the seriousness between the nations and produce the item as needs be

If we follow the strategy follow the methodology of production will increment and there will be no devaluation further. Labour will get great wages when contrasted with previous. It encourages in great benefits to the organization.

Answer from: Quest

1 all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

Answer from: Quest

disadvantages of leasing a vehicle: no vehicle equity and mileage limitations

disadvantages of purchasing a vehicle: large down payment and vehicle depreciation

#plato4lyfe

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There are two countries trading. The one (A) devalues by 25%, while in both A and B their prices go...

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