Answer:
A) Mutual gains could be realized if the United States specialized in producing food and South Korea in producing clothing.
Explanation:
The United States has more available land for farming, while South Korea has many factories.
Answer:
Omega Company
B) Product Y should be produced because it will produce greater total profit.
Explanation:
If only Product X is produced, the total profit it will produced is:
Selling price = $35
Variable Cost = $20
Contribution = $15
Total Contribution = $15 x 75,000/4 = $281,250
If only Product Y is produced, the total profit will be:
Selling price = $25
Variable cost = $15
Contribution = $10
Total Contribution = $10 x 75,000/2 = $375,000
Product Y therefore produces a greater total profit. This is because the fixed cost will remain the same if there are no avoidable elements.
Answer:
d. All of the above
Explanation:
Based on the information provided within the question when doing research all of the answers provided are correct. Any field doing research should follow the scientific method, but Economists cannot use the same experiments as other fields because they have to use the data that the world happens to give them and do not have the ability to make control groups and test different variables on the economy like experiments in the field of Physics and Chemistry can.
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<span>Over the past two decades, more than 50 nations have participated in at least one massive international test of educational achievement. longitudinal data finds that if achievement rises, the national economy advances.</span>
Answer:
To teach High School, you need a Bachelors degree.
To graduate it, you have to pass English/Language Arts · Mathematics · Science · Social Studies/History · Foreign Languages · Physical Education
