Ted Nancy
Fish
60
45
Cheese
25
40
1) Which person has the absolute advantage in the production of fish?
2) Which person had the absolute advantage in the production of cheese?
3) Which person has the comparative advantage in Fish?
4) Which person has the comparative advantage in Cheese?
5) What should Ted specialize in? What should Nancy specialize in?

c. it required that townships set aside land for public schools.

the answer is: must pay taxes on profits

since it is considered as a part of your income, profits from investments is eligible for tax payment.

the tax from your investment could be influenced by how long you decided to sell it. united states promotes keeping your investment for long term period. so, the tax rate for investments that you sell in less than one year is typically higher compared to investments that you sell in more than one year period.