Business, 31.07.2020 17:01 labrandonanderson00
Match each economic scenario with the correct economic term.
1. A country can produce more units of good B without reducing the units of good A it produces.
2. A country cannot produce more units of good A without producing fewer units of good B
3. A country wants to produce 10 units of good A and 12 units of good B but can produce only 5 units of good A and 4 units of good B.
a. efficiency
b. under utilization
c. unattainability
Answers: 3
Business, 22.06.2019 00:50, tommyaberman
Suppose that: 1. malaysia requires 1 hour of labor to produce 1 pound of rice and 2 hours of labor to produce 1 pencil; 2. indonesia requires 2 hours of labor to produce 1 pound of rice and 4 hours of labor to produce 1 pencil; 3. each country has 10,000 hours of labor to allocate between the production of rice and pencils; and 4. in autarky, malaysia consumes 5,000 pounds of rice and 2,500 pencils. which country has an absolute advantage in rice production? in pencil production? which country has a comparative advantage in rice production? in pencil production? will trade between the two countries be mutually beneficial?
Answers: 1
Business, 22.06.2019 19:30, Lucid4465
Which of the following constitute the types of unemployment occurring at the natural rate of unemployment? a. frictional and cyclical unemployment. b. structural and frictional unemployment. c. cyclical and structural unemployment. d. frictional, structural, and cyclical unemployment.
Answers: 2
Business, 22.06.2019 19:40, Animallover100
Best burger is a major fast food chain. its managers are motivated to grow the firm in order to increase their market power and change the industry structure in their favor. which of the following strategies is most associated with their motive for growth? a. employing celebrity spokespeople b. implementing automated burger-making machinery c. purchasing competitors d. increasing executive salaries
Answers: 3
Match each economic scenario with the correct economic term.
1. A country can produce more units of...
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