You would like to establish a fund that will be used to offer a scholarship each year to a worthy student at your alma mater. you would like the total annual award to be $5,000, with the first award to be presented next year. your alma mater is able to invest the funds at a constant, annual, tax-free rate of 8%. how much must you donate today to fund this award? round your answer to the nearest dollar.

Suppose portugal has 700 workers and 26,000 units of capital, and france has 18,000 workers and 700 units of capital. technology is identical in both countries. assume that wine is the capital-intensive good and cloth is the labor-intensive good. which of the following statements is correct if the nations start trading with each other? a) wages will increase in portugal.b) rental rates in france will increase.c) wages in france will decrease.d) rental rates in portugal will increase.