Trade as well as comparative advantage

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Reference no: EM139352

Q1. As the ending of month approaches, you realize that you perhaps will not be able to pay the next month's rent. Explain both an informal and formal financial instrument which you might use you to solve your dilemma.

Q3. The article states "geneticists also researchers get trapped in looking at a very petite question, they can have blinders on. Working with a clinician, you see big picture" moreover "scientists tend not to be very good at running a business also a lot many times not very interested in it". Enlighten these concepts in terms of specialization, opportunity cost, trade as well as comparative advantage.

Reference no: EM139352

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