An RL Series Circuit Has the Following Components: 4

question 59

Multiple Choice

An RL series circuit has the following components: 4.8-mH coil,1.6-Ω resistor,13-V battery,ammeter and switch.What is the time constant of this circuit?

• A) 3.3E+2 s
• B) 3.0E-3 s
• C) 1.7E-3 s
• D) 5.9E-4 s
• E) ​3.9E-2 s

Identify and evaluate the factors that contribute to a nation's trade balance and its implications on the economy.

Distinguish between absolute and comparative advantage in the context of global trade.

Recognize the role of government policies and interventions in international trade.

Explain the concept of opportunity cost in the production and trade of goods.

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Definitions:

Comparative Advantage

The capacity for a person, company, or nation to generate a product or offer a service at a lesser opportunity cost compared to its rivals.

Opportunity Cost

The expense incurred by not choosing the second-best option available when a decision is made or an action is taken.

Pure Capitalism

An economic system characterized by private ownership of the means of production and where investments, distribution, income, production, and prices are determined by the market.

Owns No Resources

The condition of not having access to or control over any assets, capital, or means of production.