Answer the question on the basis of the following information about the cost ratios for two products—fish (f) and chicken (c)—in countries singsong and harmony. assume that production occurs under conditions of constant costs and these are the only two nations in the world.
singsong: 1f = 2c
harmony: 1f = 4c
refer to the given information. if these two nations specialize based on comparative advantage:
a) harmony will produce chicken and singsong will catch fish.
b) singsong will produce chicken and harmony will catch fish.
c) singsong will both produce chicken and catch fish.
d) harmony will both produce chicken and catch fish.

What does the phrase limited liability mean in a corporate context?

Suppose an economy consists of three sectors: energy (e), manufacturing (m), and agriculture (a). sector e sells 70% of its output to m and 30% to a. sector m sells 30% of its output to e, 50% to a, and retains the rest. sector a sells 15% of its output to e, 30% to m, and retains the rest.

9. tax types: taxes are classified based on whether they are applied directly to income, called direct taxes, or to some other measurable performance characteristic of the firm, called indirect taxes. identify each of the following as a “direct tax,” an “indirect tax,” or something else: a. corporate income tax paid by a japanese subsidiary on its operating income b. royalties paid to saudi arabia for oil extracted and shipped to world markets c. interest received by a u.s. parent on bank deposits held in london d. interest received by a u.s. parent on a loan to a subsidiary in mexico e. principal repayment received by u.s. parent from belgium on a loan to a wholly owned subsidiary in belgium f. excise tax paid on cigarettes manufactured and sold within the united states g. property taxes paid on the corporate headquarters building in seattle h. a direct contribution to the international committee of the red cross for refugee relief i. deferred income tax, shown as a deduction on the u.s. parent’s consolidated income tax j. withholding taxes withheld by germany on dividends paid to a united kingdom parent corporation