In 1821 david ricardo wrote that: england may be so circumstanced, that to produce the cloth may require the labour of 100 men for one year; and if she attempted to make the wine, it might require the labour of 120 men for the same time. . to produce the wine in portugal, might require only the labour of 80 men for one year, and to produce the cloth in the same country, might require the labour of 90 men for the same time. it would therefore be advantageous for her to export wine in exchange for cloth. this exchange might even take place, notwithstanding that the commodity imported by portugal could be produced there with less labour than in england. suppose that the amount of labor ricardo describes can produce 1,000 yards of cloth or 2,000 bottles of wine in either country. then answer the following: 1. what is england’s marginal product of labor in cloth and in wine, and what is portugal’s marginal product of labor in cloth and in wine? which country has absolute advantage in cloth, and in wine, and why? 2. use the formula pw/ pc = mplc/ mplw to compute the no-trade relative price of wine in each country. which country has comparative advantage in wine, and why?

Daniel owns 100 shares of abc corporation's common stock. abc uses the fair value option, and recent declines in the firm's credit rating have caused the value of the firm's outstanding bonds payable to drop by 10%. daniel feels this is good news, but he wants to know what you think about the situation. which of the following represents your best response? a : "this situation may be positive for you in that the change in abc's credit standing indicates that the value of the firm's assets is likely increasing. however, the drop in bond value may negate any positive effects on your bottom line, because it means your claim on the firm's assets is simultaneously decreasing." b : "actually, this is bad news all around. the drop in the value of abc's bonds payable means shareholders' claims on the firm's assets have decreased. moreover, abc's declining credit rating means that the firm's assets are probably also dropping in value, thus magnifying your losses even more." c : "on the surface, this seems like good news because it means your claim on the firm's assets has increased. however, the drop in creditworthiness may also indicate that abc's assets are declining in value, thus offsetting any gains associated with the drop in bonds payable." d : "you're right! this is good news because it means that abc's debtholders have a decreased claim on the firm's assets. as a result, the firm's existing shareholders"like you"have seen their claim on the firm's assets increase."

What is the equity method balance in the investment in lindman account at the end of 2018?

Which statement best defines tuition? tuition is federal money awarded to a student. tuition is aid given to a student by an institution. tuition is money borrowed to pay for an education. tuition is the price of attending classes at a school.