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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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The DAMIC (Define, Messure, Alalyze, Improve, and Control) methodology of the six sigma project, is used to improve an exsisting
Temka [501]

Answer:

True

Explanation:

Company XYZ's DMAIC (Define, Measure, Analyze, Improve, and Control) tools are the five steps or processes in Six Sigma projects.  They can be used by Company XYZ to improve its existing business project.  Six Sigma is a set of tools for process improvement, started at Motorola and popularized by American Engineer Bill Smith in the 1980s.  It attempts to reduce defects in the production process with its disciplined and data-driven approach.

6 0
2 years ago
"A customer buys pharmaceutical and utility stocks in his portfolio. This portfolio would be best characterized as:"
lilavasa [31]

Answer:

Defensive Portfolio

Explanation:

Defensive portfolio consist of stocks that are protected from the market movement forces such that they perform acceptably well both during good and bad economic times, much unlike cyclical stocks. The companies within the portfolio are those that manufacture and produce essential goods and services and therefore will also thrive when the economy is in a difficult state.

Many defensive portfolio companies offer dividends with the effect of reducing capital losses.

4 0
3 years ago
Which of the following is a nominal variable? - Education - Age - Employment status - One needs to know the attributes to determ
Alja [10]

Answer: Employment status.

Explanation:

Nominal values are values that can't be measured by the use of numbers such as is done in measuring age or counting academic achievements. Nominal values covers aspects such as; gender and employment status which is not measured in numbers.

8 0
3 years ago
How unemployment is impacting on the south africa economy?
Evgesh-ka [11]
Unemployment continues to rise to unacceptable level. As David Lipton said if the government are to navigate this dangerous period. Government must respond concretely to all of these challenges. Despite of political obstacles.  This is important to all countries specially South Africa.
7 0
3 years ago
Barney wants to start a new business that yields a profit of​ 20% per year after a period of 2 years. In this​ period, if he
crimeas [40]

Answer:

Opportunity costs.

Explanation:

Investing in stocks depicts Barney's opportunity cost of money.

The opportunity cost is the money or funds held up by an individual instead of investing it in other businesses or ventures to yield interests.

5 0
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