The theory of comparative advantage states that an individual nation should concentrate on exporting the goods that it can produce most efficiently

Fake News Entertainment Corporation earned $500,000 in operating profits (revenue less operating costs) last year. It paid $50,000 in interest and spent $60,000 on new equipment for expansion. Its tax rate is 20% and it maintains a dividend payout ratio of 45%. This year it expects to achieve exactly the same results, hence it plans to expand further and double its spending on new equipment. What will happen to Retained Earnings this year compared to last?

a) higher b) same c) lower

Quantitative research is essentially survey research

Indicate whether the statement is true or false