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almond37 [142]
9 months ago
11

one of the ten principles of economics is that a country's standard of living depends on its ability to produce goods and servic

es. true false
Business
1 answer:
Ber [7]9 months ago
8 0

The statement is false. According to Ten Principles of Economics the statement is false.

Among the Ten Principles of Economics is that a nation's ability to generate products and services determines its standard of living. Only a country that can create a lot of products and services can have a high level of living. Since American workers are more efficient than Nigerian workers, Americans have a higher standard of living. Because Japanese employees' productivity has increased more quickly than that of Argentine workers, the Japanese have experienced a higher rate of living standard growth. George Mankiw's book Principles of Economics lays out a fundamental set of rules that are economically sound theories that can be verified.

Countries that have had higher output growth per person have typically done so without higher productivity growth.

True

False

Learn more about ten principles of economics here:

brainly.com/question/17195696

#SPJ4

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Sequential product development has the advantage of not only being a team-oriented approach, but also of being faster in bringin
wariber [46]

Answer:

False

Explanation:

During a sequential product development, each department works to complete its stage before the process continues to the next department.

A team-based new product development approach is used to develop products faster and to be able to sell them faster. This approach does not require that each department finishes its stage before passing to the next one. Instead, several departments work together simultaneously.

6 0
2 years ago
Explain how scarcity relates to the decision you made as the president of the United States.
lions [1.4K]

Because scarcity increases negative emotions, it ends up affecting one's decisions. Socioeconomic scarcity can be caused by depression or anxiety.  A president would be making decisions based on the negativity. But in the U.S.A the government deals with scarcity by implementing quotas on how much people can buy.

Hope this helps,

ROR

3 0
2 years ago
Which trade organization is responsible for 90% of the world’s trade?
pychu [463]

Answer:

World Trade Organization

Explanation:

World trade organization is responsible for 90% of the world trade. The rules and regulations it devises are governing majority of the entire world trade. With 164 members, almost all countries are subject to WTO guidelines and rules. One of the main features of this organization is that it aims to reduce barriers and tariffs to trade thus facilitating free exchange of goods and services in the global village.

Hope that helps.

8 0
3 years ago
Read 2 more answers
Because she beat her goal this year by nearly 30 percent, Helena has been telling everyone in the sales department of her incred
Arte-miy333 [17]

Answer:

The correct answer is D

Explanation:

Self- serving bias is the term which is defined or described as the tendency of people who attribute the positive events to their own character and attribute the negative events to the external factors.

This bias is the common kind of cognitive bias which is extensively studied in the social psychology.

So, in this case, Helena provide the example of the self- serving bias as when she did not reach the goal, then she stated that her failure is due to poor economy which means she attribute the negative event to external factors.

5 0
3 years ago
Suppose that a small county is considering adding a guard rail to a dangerous curve by a river. The guard rail will cost $70,000
Stolb23 [73]

Answer:

b. Do not install the guard rail because the costs exceed the benefits

Explanation:

The cost of the guard rail is $70,000.

The average damage to a car that slides off the road at the curve is $10,000.

Number of cars the guard rail is expected to save from sliding off the road is 5.

Therefore, Total damage prevented/saved is 5 * $10,000= $50,000

Total cost of installing the guard rail is $70,000

So, the cost exceed the benefits.

It is expected the county will not install the guard rail because the total cost outweighs the benefits.

7 0
3 years ago
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