Assume that England and Spain can switch between producing cheese and producing bread at a constant Labor Hours Needed to Make 1 Unit of Number of Units Produced in 24 Hours Cheese Bread Cheese BreadEngland 2 3 12 8Spain 3 6 8 4Assume that England and Spain each has 24 labor hours available. If each country divides its time equally between the production of cheese and bread, then total production is:_________. a. 10 units of cheese and 6 units of bread. b. 25 units of cheese and 7.5 units of bread. c. 20 units of cheese and 12 units of bread. d. 12 units of cheese and 8 units of bread.
Answers
Answer:
a. 10 units of cheese and 6 units of bread.
Explanation:
Total there are 24 labor hours
So, for each there is 12 hours
Now the distribution is as follows
For england
= 12 ÷ 2 + 12 ÷ 3
= 6 units + 4 units
= 10 units
For Spain
= 12 ÷ 3 + 12 ÷ 6
= 4 units + 2 units
= 6 units
Hence, the correct option is a
And, the same is to be considered
All other options are wrong
Related Questions
why studying business low is so important?
Answers
It is important to study business law because it helps you spot potential legal issues as they come up, make better decisions, and know when to seek legal help.
If you are not aware of these laws you could be putting your staff at risk, violating employment laws and failing to ensure your premises are safe for customers.
What does the phrase "business law" mean?The formal procedure for making a company organization and the rules managing the sale of corporate entities are governed by business law. Moreover, it has rights delegation, contract drafting, task delegation, breach of contract, transactions, contracts, and sanctions for contract violations.
What is it , and what does it serve?When it comes to businesses and their dealings with people, organizations, and other enterprises, the goals and functions of business law include making order, defending rights and freedoms, creating standards, and settling conflicts.
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The custom order will incur no variable selling expenses. However, due to a special logo needing to be embossed on each ball, the direct materials expense will increase by $10 per ball. How will the profit of the company increase or decrease if they decide to accept the offer
Answers
Answer:
Hi, the question you have provided is missing data concerning the current costs of manufacturing the cost object and the price of the special offer amongst other items.
However, I will break down the principles and steps that are used to determine the effect on profit if firm decides to accept the offer.
Principle :
An Incremental analysis of Revenues and Costs is used to evaluate the acceptance of an offer. Only accept offers that results in incremental profit. Incremental Profit = Incremental Revenue - Incremental Costs.
Incremental Revenue
The special offer comes with a price that is different from the current prices used by the firm. Get this price and use it to find incremental revenue as a result of accepting the offer.
Incremental Costs
The special offer usually does not affect the fixed cost of manufacturing and selling the product. These are head office costs and are incurred whether or not the offer existed.
Consider Fixed costs when and only when they arise due to acceptance of the offer.
Only the Variable Cost Manufacturing and Selling Costs for the units to be supplied are considered in this analysis. Also account for any increases of variable costs and variable cost items
According to the above material, there exist large differences between economic growth rate using traditional expenditure approach and the satellite night-light data. How do you evaluate the night-light data method? and can you identify several reasons why there exists such differences?
Answers
The use of satellite night-light data as a method to evaluate economic growth has both strengths and limitations. Reasons for Differences between Traditional Expenditure Approach and Night-light Data: Informal Economy, Data Limitations, Urbanization Bias and Structural Changes.
Here is an evaluation of the night-light data method and several reasons for the differences observed between the traditional expenditure approach and the night-light data:
Evaluation of the Night-light Data Method:
Objective and Timely: Satellite night-light data provides an objective and timely measure of economic activity. Wide Coverage: Night-light data can cover large geographical areas, including remote and inaccessible regions. Granularity: The data can be analyzed at a fine-grained level, allowing for detailed spatial analysis of economic patterns. This can help identify pockets of growth and disparities within regions.Reasons for Differences between Traditional Expenditure Approach and Night-light Data:
Informal Economy: The traditional expenditure approach relies on official economic data, which may not fully capture the informal sector. Data Limitations: Night-light data has its limitations. It primarily measures economic activity related to lighting, which may not capture other dimensions of economic growth such as services or knowledge-based industries. Urbanization Bias: Night-light data tends to be more representative of urban areas with higher population density and greater access to electricity. Structural Changes: The traditional expenditure approach focuses on consumption and investment, while night-light data primarily captures the energy consumption associated with lighting.For such more question on economic:
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A group of users can perform certain operations on a shared workbook. Which option helps them to update and track changes in the shared workbook?
The
option allows all group members to update information and track changes in the workbook.
Answers
Answer: Edit option allows everyone in a group to edit the contents work
Explanation:
Hope it helps
Consider a simplified situation where you have two credit cards. Credit card 1 has a balance of $1,132 and has a 5% interest rate. Credit card 2 has a balance of $5,273 and a 14% interest rate. What is the best strategy to reduce your debt? (Assume consolidation, balance transfers, and other debt management strategies are not options)
Group of answer choices
Figure out the maximum amount of money you can afford to pay and pay it equally on both cards.
Pay the minimum on both cards.
Pay the minimum on card 1 and as much as possible on cart 2. When card 2 is paid off pay as much as possible on card 1.
Pay the minimum on card 2 and as much as possible on card 1. When card 1 is paid off pay as much as possible on card 2
Answers
Answer:
This is a question about what's often called the "avalanche method" versus the "snowball method" of paying off debt.
The avalanche method involves paying off the debt with the highest interest rate first, which minimizes the total interest you'll pay. The snowball method involves paying off the smallest debt first, which can provide a psychological boost, but may lead to paying more interest overall.
Given the balances and interest rates on these credit cards, you would save the most money by using the avalanche method. This is because Credit Card 2 has a much higher interest rate, and a balance that's also higher than Credit Card 1.
The more interest a balance accrues, the more you ultimately have to pay back. So, it's best to eliminate the highest-interest debt first if you're solely aiming to pay as little as possible in the long run.
Therefore, the best strategy in this case, to reduce your debt in the most cost-effective manner, is to:
"Pay the minimum on card 1 and as much as possible on card 2. When card 2 is paid off, pay as much as possible on card 1."
Note that this advice is focused on minimizing your total payments. There can be psychological benefits to paying off smaller debts first (the "snowball method") because it can feel like you're making more progress. But if you're looking to pay the least amount of money overall, focusing on the debt with the highest interest rate is the way to go.
Which scenario describes the highest level of productivity?
A. Producing 25 shoes using resources that cost $50
B. Producing 50 shoes using resources that cost $25
C. Producing 50 shoes using resource that cost $50
D. Producing 100 shoes using resources that cost $100
Answers
Answer:
B. Producing 50 shoes using resources that cost $25
Explanation:
Productivity is described as a measure of efficiency. An increase in efficiency results in an increase in productivity. Productivity is the efficient use of resources. It is the ability to give more output using fewer resources.
An increase in productivity is an increase in production using proportionate fewer resources. In this case, producing 50 shoes with resources of $25 is the most efficient way of using resources from the list produced.
Answer:B
Explanation: you make more shoes at a lower price than the other answers showing productivity
What happens if an eyewitness gets subpoena and he decides not to go to court?
Answers
Laura, an inventory manager, always maintains a certain quantity of goods as a buffer to utilize in times of emergency. Which technique of controlling inventory costs does Laura use?
A.
ABC classification
B.
just in time
C.
maintaining safety stock
D.
following economic order quantity
Answers
Answer:
C. maintaining safety stock
Explanation:
Safety stock refers to the minimum stock level that businesses would wish to maintain at all times. The safety stock level assures a business does not experience stock out. Every time stock approaches the safety stock level, an order should be placed to replenish inventory. Businesses that apply the concept of safety stock do not allow the inventory to go below the level marked at safety stock.
The safety stock method requires inventory to be ordered when it approaches safety stock. Allowing inventory to drop below the safety stock is risking running out of stock leads to halting production.
Answer:
C. maintaining safety stock
Explanation:
I just took the test on Edmentum/Plato and got the answer right
Northern Energy, Inc. (Northern) is a large oil company with production and marketing operations worldwide. You are a recently hired manager at Northern's subsidiary in Nigeria, which provides jobs to hundreds of Nigerians and supports many local merchants and suppliers. Suppose Northern's drilling and refining practices have severely damaged the natural environment in Nigeria, polluting the air, land, and water. As a result, Northern has faced violent protests and much negative publicity in Nigeria. Develop suggestions on how Northern should address these issues. Keep in mind that top management is reluctant to invest significant new resources in Nigeria, given the firm's weakening business performance there.
Answers
Communicate openly and transparently with the community about the steps the company is taking to mitigate the environmental damage and address their concerns. This can help build trust and understanding.
Work with local organizations and experts to develop a plan for addressing the environmental damage and implementing measures to prevent further harm. This could include cleaning up contaminated sites, implementing new technologies to reduce pollution, and reforestation efforts.
What are Northern Energy, Inc.'s issues?Generally, It is important that Northern takes steps to address the environmental damage it has caused and address the concerns of the local community. Here are a few suggestions:
Consider compensation for affected individuals and communities. This could include financial compensation as well as support for rebuilding infrastructure and businesses that have been impacted by environmental damage.
Review and improve the company's environmental policies and practices to ensure that such damage does not occur in the future. This could involve investing in new technologies, training employees on best practices, and conducting regular audits to monitor compliance.
Support local economic development efforts through partnerships with small businesses and investments in education and training programs. This can help create new opportunities and build a more sustainable future for the community.
It is understandable that Northern's top management may be reluctant to invest significant new resources in Nigeria, but it is important for the company to recognize the importance of addressing these issues and find ways to address them within their existing resources. By taking these steps, Northern can demonstrate its commitment to being a responsible corporate citizen and help to rebuild trust with the community.
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Which of the following is a reason why a company's market value of equity differs from its book value of equity? Multiple Choice Shareholders are keenly aware of book values but have little interest in market values. Accountants' charges for the cost of equity are often higher than they should be. Fair value accounting is becoming more widely used. O O Values of assets on the balance sheet typically reflect historical cost, adjusted for appropriate depreciation
Answers
The reason why a company's market value of equity differs from its book value of equity is-
Fair value accounting is becoming more widely used.
The market value of equity represents the current market price of a company's outstanding shares, which reflects the perceived value of the company by investors and the stock market. In contrast, the book value of equity is the value of the company's assets minus its liabilities, as reported in the company's balance sheet, which is based on historical cost and accounting conventions. Fair value accounting, on the other hand, seeks to reflect the current market value of assets and liabilities, rather than their historical cost, and is becoming more widely used in financial reporting. This can result in significant differences between the market value and book value of equity, as fair value accounting can lead to adjustments in asset values that affect equity values. Shareholders may be more interested in market values as they reflect current expectations of future earnings and growth, rather than historical costs.
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Consider a labor market in equilibrium. If the demand curve shifts to the right while the supply curve stays constant, then the wage rate in the market will ________. Group of answer choices increase decrease remain unchanged either increase or decrease or remain unchanged
Answers
Answer:
prices will increase or remain
Hale’s TV Productions is considering producing a pilot for a comedy series in the hope of selling it to a major television network. The network may decide to reject the series, but it may also decide to purchase the rights to the series for either one or two years. At this point in time, Hale may either produce the pilot and wait for the network’s decision or transfer the rights for the pilot and series to a competitor for $100,000. Hale’s decision alternatives and profits (in thousands of dollars) are as follows:
State of Nature
Decision Alternative
Reject, s1
1 Year, s2
2 Years, s3
Produce pilot, d1
-100
50
150
Sell to competitor, d2
100
100
100
The probabilities for the states of nature are P(s1) = 0.20, P(s2) = 0.30, and P(s3) = 0.50. For a consulting fee of $5000, an agency will review the plans for the comedy series and indicate the overall chances of a favorable network reaction to the series. Assume that the agency review will result in a favorable (F) or an unfavorable (U) review and that the following probabilities are relevant:
P(F) = 0.69
P(s1 | F) = 0.09
P(s1 | U) = 0.45
P(U) = 0.31
P(s2 | F) = 0.26
P(s2 | U) = 0.39
P(s3 | F) = 0.65
P(s3 | U) = 0.16
Construct a decision tree for this problem.
What is the recommended decision if the agency opinion is not used? What is the expected value?
Answers
Answer:
To construct the decision tree, we can follow these steps:
1. Start with the initial decision nodes representing the two decision alternatives: "Produce pilot" (d1) and "Sell to competitor" (d2).
2. Assign the payoffs for each decision alternative under each state of nature.
3. Add chance nodes for each state of nature and connect them to the corresponding decision alternatives.
4. Assign the probabilities of each state of nature at the chance nodes.
5. Calculate the expected payoffs at each chance node by multiplying the payoffs with their respective probabilities and summing them up.
6. Determine the optimal decision by comparing the expected payoffs at the initial decision nodes.
Here is the decision tree for this problem:
| Produce pilot (d1)
| -100
|____________
/|\
/ | \
/ | \
/ | \
P(F) = 0.69 / | \ P(U) = 0.31
/ | \
/ | \
/ | \
/ | \
s1 / | \ s2
/ | \
/ | \
/ | \
/ | \
/ | \
50 | F U F | 100
| |
| |
| |
| s3 | s3
| |
150| F | 100
|_______________________________|
If the agency opinion is not used, the recommended decision would be to produce the pilot (d1) since it has a higher expected value compared to selling to the competitor (d2).
To calculate the expected value:
Expected value (d1) = (-100 * P(s1 | F) * P(F)) + (50 * P(s2 | F) * P(F)) + (150 * P(s3 | F) * P(F))
= (-100 * 0.09 * 0.69) + (50 * 0.26 * 0.69) + (150 * 0.65 * 0.69)
= -6.93 + 8.97 + 66.88
= 68.92
Expected value (d2) = (100 * P(s1 | U) * P(U)) + (100 * P(s2 | U) * P(U)) + (100 * P(s3 | U) * P(U))
= (100 * 0.45 * 0.31) + (100 * 0.39 * 0.31) + (100 * 0.16 * 0.31)
= 13.95 + 12.09 + 4.96
= 30
Comparing the expected values, the recommended decision is to produce the pilot (d1) with an expected value of 68.92.
Sandra and Kelsey are forming a partnership. Sandra will invest a piece of equipment with a book value of $4,300 and a fair market value of $15,000. Kelsey will invest a building with a book value of $34,600 and a fair market value of $57,600. What amount will be recorded to Kelsey's capital account
Answers
Answer: $57600
Explanation:
The capital account of a business indicates the net worth it that particular business. The fair value of an asset brings about an increase to the capital account.
In this scenario, the amount that will be recorded to Kelsey's capital account will be her fair market value of the building which is $57,600.
A female employee brings effective insight into how the clients have been involved in the change process previously. How do men and women differ in their leadership styles?
Answers
Answer:
This question is incomplete, the options are missing. The options are the following:
a) Women use more participative leadership.
b) Men have higher emotional intelligence.
c) None of these answers are correct.
d) Men are less harsh when they punish their subordinates.
e) Men make fewer decisions on their own.
And the correct answer is the option A: Women use more participative leadership.
Explanation:
To begin with, there is a scientific study that proves that when it comes to terms of leadership the female participants tend to be more participative regarding subjects of decision making process and taking ideas from others and work as a team, like it should be. Meanwhile the male participants tend to be in their majority more centralized when it comes to decide every aspect of what it has to be done. And that is in part because of the personality of each one due to the fact that male tend to be more dominant because of biology reasons then they make decisions without consulting with other while women take the right way and involves every member in order to take the final decision.
On December 1, Year 1, Childe Company purchased $100,000 of bonds issued by Paperman Company at face value. The bonds mature in ten years. Childe’s intent was to keep the bonds available to sell when cash needs arise in future years. The fair value of those bonds increased to $102,000 on December 31, Year 1. Which of the following statements are correct with regards to this investment? (Select all that apply.) Check All That Apply The bonds should be reported among assets in the balance sheet at December 31, Year 1. The bonds should be reported among assets in the balance sheet at December 31, Year 1. The bonds should be reported at their fair value of $102,000 in the balance sheet. The bonds should be reported at their fair value of $102,000 in the balance sheet. An unrealized holding gain of $2,000 should be included in net income for Year 1. An unrealized holding gain of $2,000 should be included in net income for Year 1. An unrealized gain of $2,000 should be included in other comprehensive income for Year 1.
Answers
Answer: A- The bonds should be reported among assets in the balance sheet at December 31, Year 1.
B- The bonds should be reported at their fair value of $102,000 in the balance sheet.
D- An unrealized gain of $2,000 should be included in other comprehensive income for Year 1.
Explanation:
The trial balance for jumanne sandali, a garage owner failed to agree on 31st march
Answers
Any mathematical mistakes that have occurred in a double entry accounting system can be found using a trial balance.
Why is there a trial balance?In order to create balance sheets and other financial accounts, trial balances are a crucial document for auditors. The debit and credit column totals of the general ledger accounts are compared using a trial balance to ensure accuracy.
An example of a trial balance is what?Trial Balance is an accounting report in which the closing balances of the company's various general ledgers are available. For instance, utility expenses during a period include the payment of four separate bills totaling $ 1,000, $ 3,000, $ 2,500, and $ 1,500. As a result, in the trial balance, a single utility bill is reflected as being paid in each of these amounts.
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What have you learned from the self-reflection in this class, and how do you think it will help you in the workforce? Be specific.
Okay, I will give you 45 points and mark you Brainliest if you answer this as good as you can. I would really appreciate if you can answer before 10:00pm 12/07/2020.
THANK YOU!!!
Answers
Answer:
The first week of this unit I had a mix of emotions, excitement and stress . The topics covered each week have giving me the opportunity to increase my knowledge in many areas. Having an interest in teaching when I started this course has now grown to having an interest in learning as well. Reflecting on my education as a child has shown me the growth in teaching and our current education system.
Professionalism was a great way to start the unit; this topic has giving me the chance to understand the responsibilities that teachers have to students and their parents. On beginning this topic I believed that professionalism was about ethics and how teachers conducted themselves in and out of the classroom. However while this is…show more content…
Cognitive learning and constructing knowledge are topics that hold a strong interest to me. Working with children that have language disorders and cognitive issues the more knowledge I gain in this area assist with the quality of instruction that I provide. Meaningful learning is vital in assisting students to learn and to store newly learned knowledge. Students will benefit from high quality concrete examples, simple and precise instructions. Language development should be encouraged and modelled students should have the opportunity to ask questions. Introducing new words within instructions will assist the student in extending their vocabulary. It is important for all students to put into words their understanding of the tasks being taught.
Understanding cognition and how we learn is essential in the developmental stages of children. Not all students learn in the same way, understanding the cognitive process will assist in the development of the students. By modifying my approach when giving instructions I have noticed growth in current students that I am working with. Using concrete materials and giving the opportunity for students to be involved in hands-on activities on a daily basis, is essential in making new material meaningful to learners.. The knowledge gained from this topic has increased my understanding.
Explanation:
suppose the owners of the bank borrow $100 to supplement their existing reserves. this would increase the reserves account andincrease thedebt account. this would also bring the leverage ratio from its initial value of14.00 to a new value of14.80 . which of the following do bankers consider when deciding how to allocate their assets? check all that apply.
Answers
A, B, C, and D. Bankers consider all of these factors when deciding how to allocate their assets.
What is Banker?A Banker is a professional who works in the financial services industry and provides services such as banking, lending, investments, and financial advice. Bankers typically work in a bank or other financial institution such as a credit union, investment firm, or insurance company.
Risk tolerance is the degree to which a bank is willing to take on risk in order to achieve a desired return. Investment returns are the amount of money that a bank expects to earn from its investments. Interest rate risk is the risk that changes in the interest rate will adversely affect the value of investments. Liquidity needs refer to the amount of cash a bank needs to have on hand to meet its financial obligations.
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Complete Question:
suppose the owners of the bank borrow $100 to supplement their existing reserves. this would increase the reserves account andincrease thedebt account. this would also bring the leverage ratio from its initial value of14.00 to a new value of14.80 . which of the following do bankers consider when deciding how to allocate their assets? check all that apply.
a. Risk tolerance
b. Investment returns
c. Interest rate risk
d. Liquidity needs
how can a career pathway help you acquire jobs while working toward a career goal
Answers
(I really hope this helps you)
Making a career pathway gives the ability to base such decisions on knowledge and abilities at the time.
What is a career pathway?The US employs the workforce development method known as "Career Pathways" to help workers make the transition from school to the workforce and back again.
To increase education, training, and learning opportunities for America's current and future workers, this plan has been embraced at the federal, state, and local levels.
The goal of career routes is to strengthen students' fundamental academic, technical, and employability abilities while also placing them in high-demand, high-opportunity positions.
Career pathways are an integrated group of programmes and services. At the federal, state, and municipal levels, career pathway models have been established.
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Use each of these key terms to best complete the following sentences. Use each term no more than once. Intuition Scientific method Hypothesis Theory Independent variable Dependent variable Correlation Meta-analysis Global replication The variable predicted to be affected by something else A statistical technique used to combine the results of many different research studies done in a variety of organizations and for a variety of jobs Relying on an understanding of many of the norms, expectations, and behaviors of others learned from living and working with them A collection of verbal and symbolic assertions that specify how and why variables are related, and the conditions under which they should and should not relate The size and strength of the statistical relationship between two variables Relies on systematic studies that identify and replicate a result using a variety of methods, samples, and settings
Answers
Intuition relies on an understanding of many of the norms, expectations, and behaviors of others learned from living and working with them.
The scientific method relies on systematic studies that identify and replicate a result using a variety of methods, samples, and settings. A hypothesis is a collection of verbal and symbolic assertions that specify how and why variables are related, and the conditions under which they should and should not relate.
A theory is a well-substantiated explanation of some aspect of the natural world that is acquired through the scientific method. An independent variable is a variable used to measure the effect of the independent variable.
A dependent variable is a variable predicted to be affected by something else. Correlation is the size and strength of the statistical relationship between two variables.
A meta-analysis is a statistical technique used to combine the results of many different research studies done in a variety of organizations and for a variety of jobs. Global replication is the replication of the study’s results in different contexts.
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case study “Nürnberg Augsburg Maschinenwerke (N.A.M)” Contemporary Logistics
Answers
The case study "Nürnberg Augsburg Maschinenwerke (N.A.M)" focuses on the logistics operations of the company. N.A.M is a manufacturing company that produces machine tools and specializes in CNC (Computer Numerical Control) machining centers. The company faces various logistical challenges and seeks to improve its operations to enhance customer satisfaction and profitability.
In this case study, several key topics related to contemporary logistics are explored. Some of these include:
1. Supply chain management: The case study examines how N.A.M manages its supply chain, including the procurement of raw materials, inventory management, and supplier relationships.
It discusses the importance of effective supply chain management in ensuring smooth operations and reducing costs.
2. Distribution network design: The case study delves into the design of N.A.M's distribution network, including the location of warehouses and distribution centers.
It discusses the factors that influence network design decisions, such as customer proximity, transportation costs, and service requirements.
3. Inventory management: The case study explores how N.A.M manages its inventory levels to balance customer demand and production capacity.
It discusses inventory control techniques, such as Just-in-Time (JIT) and Economic Order Quantity (EOQ), and their impact on operational efficiency.
4. Transportation management: The case study highlights the transportation challenges faced by N.A.M, including the need to transport heavy and bulky machine tools to customers.
It discusses strategies for optimizing transportation, such as route planning, load consolidation, and choosing the appropriate mode of transportation.
5. Information systems: The case study emphasizes the importance of information systems in managing N.A.M's logistics operations.
It discusses the role of technology in tracking inventory, optimizing production schedules, and enhancing communication with suppliers and customers.
Overall, the case study provides insights into the complexities of contemporary logistics and the strategies employed by N.A.M to overcome logistical challenges. It showcases the importance of efficient and well-coordinated logistics operations in achieving customer satisfaction and maintaining a competitive edge in the market.
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(Economics)
In an essay of at least two well-developed paragraphs, explain the global benefits of international trade and multinational corporations.
Answers
International trade refers to the exchange of goods and services across national borders. It plays a significant role in promoting economic growth and providing several global benefits.
One of the primary advantages of international trade is that it allows countries to specialize in producing goods and services in which they have a comparative advantage. This means that countries can focus on producing goods that they can produce more efficiently and at a lower cost compared to other countries. As a result, resources are allocated more efficiently, leading to increased productivity and higher standards of living.Furthermore, international trade enables countries to access a wider variety of goods and services that may not be available domestically. This increases consumer choices and provides opportunities for individuals to enjoy a higher quality of life. For example, consumers in a landlocked country can still enjoy fresh seafood by importing it from coastal countries. Similarly, individuals in colder climates can purchase tropical fruits from countries where they are grown.Multinational corporations (MNCs) also contribute to the global benefits of international trade. These are companies that operate in multiple countries, with business activities ranging from production to distribution. MNCs play a crucial role in facilitating international trade by establishing global supply chains, investing in foreign markets, and creating jobs. They bring capital, technology, and managerial expertise to host countries, which can lead to economic development and improved living standards.Moreover, MNCs often engage in research and development (R&D) activities, driving innovation and technological advancements. This can have far-reaching benefits for both the host country and the global economy. For instance, a multinational pharmaceutical company conducting R&D in a developing country may discover new drugs or medical treatments that can benefit people worldwide.In conclusion, international trade and multinational corporations provide numerous global benefits. They promote specialization, resource allocation efficiency, and access to a wider variety of goods and services. Additionally, MNCs contribute to economic development, job creation, innovation, and technological advancements. Overall, international trade and MNCs play a crucial role in fostering economic growth and improving the well-being of individuals and nations around the world.
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Question 1: Critique the case from a leadership, internal and external communication with stakeholders, and barriers to communication point of view.
Answers
A general view from the leadership, internal and external communication with stakeholders has been provided
The leadership, internal and external communication with stakeholdersLeadership:
Efficient leadership necessitates setting a definitive vision, encouraging and motivating personnel, and making judicious decisions when required. A successful leader should succinctly verbalize the vision and objectives of the organization and guarantee that employees comprehend their positions in attaining those aims.
Internal communication with stakeholders:Interior communication with stakeholders pertains to communication within an institution with staff, superior executives, and additional internal stakeholders. Successful internal communication can facilitate aligning the visions and aspirations of the corporation and guaranteeing that everybody is progressing towards common ambitions.
External communication with stakeholders:
External communication with stakeholders alludes to communication with purchasers, vendors, financiers, and other external parties. Effective external communication can promote constructing associations with these stakeholders, embellish the standing of the establishment, and elevate customer gratification.
Barriers to communication:Certain obstructions to productive communication can affect the capability of leaders to communicate effectively with stakeholders. These impediments involve speakers barriers, cultural differences, physical detachment, and technological issues. Other hindrances consist of inadequate trust, deficient listening aptitudes, and indefinite or ephemeral messages.
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Which models of decision making describe how managers actually make decisions?
Answers
Generally Non-rational models used to show managers methods of taking decisions.
Non-rational models assume that a genuine situation exists in which decisions must be made.
Non-rational models are commonly employed when there is a lack of information regarding the outcomes of many choices. Management judgments, perception, and personal biases are always used in non-rational models.Learn more:
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What current trend in the sport or entertainment area do you think will fall into disfavor with the consumer population
Answers
Answer:
Bantering of words between entertainers in the social media forums.
Explanation:
Today, it is not unusual to find entertainers in the sport and entertainment industries, exchanging words, and settling squabbles on social media platforms. Such behaviors are unprofessional and persistently resorting to these crude ways would create tensions among fans who are the consumer population.
Most fans who are enlightened would definitely not be favorably disposed to these trends. Entertainers should do well not to foster disunity among themselves.
A customer sells short 1,000 shares of ABC stock at $4 in a margin account. The customer must deposit:________.
A. $2,000
B. $2,500
C. $4,000
D. $5,000
Answers
Answer: $4000
Explanation:
A margin account is typically offered by a brokerage firms so that investors can borrow money in order to purchase securities.
A customer sells short 1,000 shares of ABC stock at $4 in a margin account. The customer must deposit:
= $4 × 1000
= $4000
Suppose the central bank in interested is decreasing money supply by $2000. Assume the money multiplier is 10. By how much should the government change bank's deposits/reserves in order to DECREASE money supply by $2000. ANSWER: Increase OR Decrease by ......... The central decrease money supply 1.through Open Market operation by Answer (selling stocks , buying bonds , buying stocks , OR selling bonds) 2. by (decreasing ,not changing , OR increasing the discount rate. 3. by (not changing , decreasing, OR increasing) the required reserve ratio. 4. by (not changing,decreasing, OR increasing) the interest rate paid on banks deposits with the central bank.
Answers
To decrease money supply by $2000 with a money multiplier of 10, the government should decrease bank deposits/reserves by $200.
This is calculated by dividing the desired decrease in money supply ($2000) by the money multiplier (10). The central bank can decrease money supply through open market operations by selling bonds. This will reduce the amount of reserves held by banks and decrease their ability to lend out money. The central bank can also decrease money supply by increasing the discount rate. This will make it more expensive for banks to borrow from the central bank and reduce their willingness to lend out money.
The central bank can decrease money supply by increasing the required reserve ratio. This will require banks to hold more reserves and reduce their ability to lend out money. The central bank can also decrease money supply by increasing the interest rate paid on banks' deposits with the central bank. This will incentivize banks to hold more reserves and reduce their willingness to lend out money.
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1. Briefly explain how globalization encourages worldwide economic growth through trade and labor markets. Also, explain how globalization and technological advancement encourage each other. (4 points)
2. Rapid inflation or deflation can have a domino effect on the global economy. One dramatic example occurred in the first half of the 20th century, when the world faced both the Great Depression and World War II. Briefly explain how rapid inflation and deflation affected the global economy during the Great Depression (1929 – 1938), World War II (1939 – 1945), and the postwar era (1946 – 1950). (4 points)
3. Identify and describe the three most common reasons countries trade, and give an example of each of these trade motivations in action. (4 points)
4. Four of the main types of trade barriers are tariffs, quotas, embargoes, and standards. Define each and briefly describe its economic impact. (4 points)
5. Describe the impact of a strong (appreciating) U.S. dollar and a weak (depreciating) U.S. dollar on both the U.S. economy and the economies of major U.S. trading partners. (4 points)
Part II: Application and Critical Thinking (20 points)
6. In the 20th century, the U.S. economy's shift from the gold standard to the Bretton Woods system, and what happened over time as a result, had an important role in changing the United States' standing in the world. Write a short essay on the Bretton Woods system and the global role of the U.S. dollar that addresses the following prompts.
a. Explain what the gold standard was, including its connection to the U.S. and world economies in the early 1900s.
b. Explain the Bretton Woods system and how it initially affected the global role of the U.S. dollar.
c. What was the effect of the Bretton Woods system over time? Explain what happened in the early 1970s that ended the system. How was the status of the U.S. dollar affected as a result?
(20 points)
Answers
1. Globalization places pressure on nations to reduce tariffs, subsidies and other barriers to free trade. As a result, Globalization promotes economic growth, creates jobs, makes companies more competitive and lowers prices for consumers. Globalization increases technological development by allowing countries to gain easier access to foreign knowledge. Globalization also enhances international competition.
2. The worldwide prosperity of the 1920s ended abruptly with the stock market crash in October 1929 and the great economic depression that followed. The inflation of the money supply during this period led to an unsustainable inceease in both asset prices and capital goods.
3. Differences in Technology: Advantageous trade can happen amongst nations if the countries differ in their technological abilities to produce goods and services. For example conversion of resources to outputs
ii. Differences in Resource Endowments: Advantageous trade can happen between nations if the nations differ in their endowments of resources. For example, presence of certain resources in one country and its absence in another.
iii. Differences in Demand: Advantageous trade can happen among countries if demands or preferences differ between countries. Individuals in different countries can prefer or demand for different products. For example, the Chinese are likely to demand more rice than Americans, even if consumers face the same price.
4. Tariffs are described as levies that a government places on imports entering a country, its impact is that it may increase the price of a commodity.
An import quota infers the numerical limit set to deduce the quantity of a commodity that can be imported into a country.
Tariffs and quotas are established to react to international trade and its effects.
5. The impact of the appreciation and depreciation of dollars is that it will reduce inflation in the US and vice versa in their partners. That is, if dollars appreciate, in the US, inflation is reduce and inflation is increased in that of their partners but when dollars depreciate, inflation occurs in the US and not in their partners .
6a. The gold standard is a monetary system where a country's currency or paper money has a value directly linked to gold. The gold standard is not currently used by any government. Britain stopped using the gold standard in 1931, and the U.S. followed suit in 1933, finally abandoning the remnants of the system in 1973.
b. The Bretton Woods System required a currency peg to the U.S. dollar which was in turn pegged to the price of gold.
What was the effect of the Bretton Woods system over time?The Bretton Woods System demanded a currency peg to the U.S. dollar which was in turn pegged to the price of gold. The Bretton Woods System ended in the 1970s but created a lasting influence on international currency exchange and trade through its development of the IMF and World Bank.
Therefore, the correct answers are as given above
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importance of economic growth
Answers
Answer:
Economic growth generates job opportunities and hence stronger demand for labour, the main and often the sole asset of the poor. In turn, increasing employment has been crucial in delivering higher growth.
If the demand equation is
Q + 4 P = 60
fi nd a general expression for the price elasticity of demand in terms of P . For what value
of P is demand unit elastic?
Answers
We begin by defining price elasticity of demand as follows in order to determine the generic expression for this quantity in terms of P:
Elasticity is defined as (% change in the quantity demanded / % change in the price).
This can be rewritten as follows by applying the midpoint formula:
Elasticity is calculated as [(Q2 - Q1) / (Q1 + Q2 / 2)] / [(P2 - P1) / ((P1 + P2) / 2)]
Streamlining the expression results in:
Elasticity is equal to [(Q1 + Q2) - Q2]. / [(P2 - P1) / (P1 + P2)]
In order to obtain: we can now substitute the demand equation into the expression.
Elasticity is equal to [(a - bP) / (a + bP)]. / [(P2 - P1) / (P1 + P2)]
Further simplification provides:
Elasticity is defined as [(P1 + P2) / (P2 - P1)] * (bP / (a - bP))
We set the absolute value of the elasticity to 1 in order to get the value of P at which demand is unit elastic:
elastic factor = 1
Thus, we get:
1 = [(P1 + P2) / (P2 - P1)] * [(bP / (a - bP)]
Calculating P results in:
P equals (2b) = (a + P1b + P2b)
The average of P1 and P2 plus a constant term given by the demand equation's parameters represents the value of P at which demand is unit elastically elastic.
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