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katrin [286]
2 years ago
12

If, at constant relative prices in a two-commodity and two-factor world, growth in a country’s labor force causes an expansion i

n output of the labor-intensive good and a contraction in output of the capital-intensive good, this situation is an example of the
Business
2 answers:
Aleks04 [339]2 years ago
6 0

Answer:

Rybczynski theorem.

Explanation:

Rybczynski theorem is of the opinion that says that if the demand of some resource increases, the resultant effect will be for the industry that uses that resource most intensively to also increase its output while the other indus­try will decrease its output. Here, relative factor intensity is measured by the ratio of factor use in each industry.

The theory suggests that If, at constant relative prices in a two-commodity and two-factor world, growth in a country’s labor force causes an expansion in output of the labor-intensive good and a contraction in output of the capital-intensive good.

This implies that If two commodities (such as food and cloth) are not jointly produced, but are evenly matched, this relationship will entail that a growth in one factor, such as labour, acts as a force to cause an actual fall in the production of one commodity.

ehidna [41]2 years ago
5 0

Answer:

Rybczynski theorem

Explanation:

Rybczynski theorem states that if the supply of one of the factors of production increases, and other factors remain the same, the output of the product that uses the increase factor will like increase while the output of other goods that do not use the increasing factor will decrease in absolute amount as long as factor and commodity prices do not change. For example, in labor-surplus country, if there is an increase in the supply of labor, there will be a corresponding increase in the output of the commodity that needs labor and reduced output in the commodity that do not need labor, but instead are capital-intensive.

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Which of the following statements regarding GDP is correct?
nirvana33 [79]

Answer:

Correct option is (a)

Explanation:

GDP or Gross domestic product includes monetary value of all goods and services produced within a country. It includes all private and public investments and exports less taxes and imports.

Option b, c and d are incorrect as GDP accounts for only domestic production and not foreign activities. Details about how income is distributed is not given by GDP. GDP provides details about economic condition of the nation. GDP does not indicate wholesome well being of the nation like human development, infant mortality and standard of living.

GDP accounts for factory production but does not account for any production carried out at the cost of environmental degradation.

3 0
2 years ago
Last​ weekend, Bob attended the university football game. At the opening​ kickoff, the crowd stood up. Bob therefore had to stan
Tatiana [17]

Answer:

a non-cooperative game strategy, where participants independently choose their strategy to maximize their payoffs.

Explanation:

From the question, we are informed about Bob, who attended the university football game last week . At the opening​ kickoff, the crowd stood up. Bob therefore had to stand up as well to see the game. In this​ case, Bob was participating in a non-cooperative game of​ strategy, where participants collectively choose their strategy to maximize their joint payoffs. Non-cooperative game strategy can be regarded as the rational ways economic agent relate with each other so that their goals can be achieved. In this game both the available strategies as well as the outcome from various choices will be listed.

6 0
2 years ago
The best definition of an accounting system is: The concepts, principles, and standards specifying the information which should
White raven [17]

Answer:

The personnel, procedures, devices, and records used by an entity to develop accounting information and communicate this information to decision makers.

Explanation:

Accounting system is a system used to organise financial information. Accounting system can be manual or electronic

7 0
3 years ago
Uber’s strategy has been to break these regulations, establishing its service first, and then fighting attempts by regulators to
aleksley [76]

Answer: No it is not.

Explanation:

Uber by first establishing itself and then fighting regulators leaves itself open to attack around the world. This is because the Regulators have the power to keep adjusting the laws that govern Uber if they feel that Uber has an unfair advantage or if it's existence is detrimental to the society. Uber has been accused many times of various infractions such as Tax Evasions and being a conduit through which crime can be committed because it did not conduct proper background checks.

Going back to the issue of taxes, if the regulators feel that Uber may be avoiding taxes, they could impose laws that either cause an increase in Uber prices or remove them from a location which can have a native influence on Uber's bottomline.

This approach is not good because regulators do not like being fought and will try to ascert dominance. It is simply not viable and this has been proven with Uber's many suspensions around the world.

8 0
2 years ago
During its 1st month of business, Noodlecake's cash increased by receiving $5,000 from issuing common stock to its owners, borro
Anestetic [448]

Answer:

Noodlecake

On its statement of cash flows, Cash Provided by Operating Activities equals $__1,000____ Cash from Investing Activities equals $__(3,000)______ Cash from Financing Activities equals $_7,000______  and the Change in Cash equals $_5,000______ Be sure to use parentheses around the amount if it is a cash outflow, e.g. $(1,000)

Explanation:

a) Data and Calculations:

Financing activities:

Common stock $5,000

Bank loan            2,000

Net cash           $7,000

Operating activities:

Cash from customer $3,000

Cash to employees   (2,000)

Net cash                    $1,000

Investing activities:

Equipment     ($3,000)

Net cash from cash flows = $5,000

The net cash from cash flows or the change in cash flows is the summation of the changes in the operating, investing, and financing activities of Noodlecake during the period under review.  It shows by how much the cash has increased or decreased when compared to the beginning balance, which can be zero as in this case.

3 0
3 years ago
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