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xz_007 [3.2K]
3 years ago
5

In the United States, where land is cheap, the ratio of land to labor used in cattle raising is higher than that of land used in

wheat growing. But in more crowded countries, where land is expensive and labor is cheap, it is common to raise cows by using less land and more labor than Americans use to grow wheat. Can we still say that raising cattle is land-intensive compared to farming wheat? Why or why not?
Business
1 answer:
Svetradugi [14.3K]3 years ago
8 0

Answer:

Yes, raising cattle is land intensive.

Explanation:

In the US there are fewer cowboys per acre of land than wheat farmers per acre of land.

In other countries that do not have a lot of land, generally cows are raised in feed lots and there are much more cowboys per acre of land working, as well as much more cows per acre of land.

So therefore, we can say that raising cattle is land intensive compared to farming wheat because more land is used than labor.

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The correct answer is D) environmental forces.

The sales department of a consumer products organization realized that its rivals were adopting new customer relationship management software to keep better track of their prospects. The director of the sales department decided it would also purchase the CRM software to keep up with its rivals. This is an example of environmental forces affecting business buying behavior.

The environmental factors within an organization are technological, cultural, social, economic, demographic, operational, legal or political factors. They could be internal or external. These factors affect buying decisions of the company and that is why the director of the sales department wants to buy the CRM software to compete with its rivals and maintain good customer relationships.  

The other options of the question were A) consumer forces, B) individual forces, and D) organizational forces.

4 0
3 years ago
Place in order the events that occur in the short run when the Federal Reserve enacts expansionary monetary policy.
ololo11 [35]
CEquilibrium shifts always more money being a lower
8 0
3 years ago
If your broker has been right in her five previous buy and sell​ recommendations, you should continue to listen to her advice. I
elena55 [62]

Answer:

<u>(d)True, brokers often have inside information that is generally not available to the public. You should listen to her and profit from her inside knowledge</u>

Explanation:

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7 0
4 years ago
The values of outstanding bonds change whenever the going rate of interest changes. In general, short-term interest rates are mo
Setler [38]

Answer: False

Explanation:

The volatile short-term interest rates do not affect long-term bonds simply because they are long term.

When it comes to general interest however, Long term bond prices are more volatile to interest rate changes than short term bonds. This is because of how bond prices are calculated.

Bonds are calculated by discounting cashflows over the life of the bond. For a longer term bond therefore, there will be more cashflows over longer periods that need discounting. If rates were to change therefore, the present value of the cashflows especially for the ones further away, will be affected more therefore the long term bond price will be affected more as well.

For example;

Take a 6% $1,000 bond, maturing in a year and a 6% $1,000 bond maturing in 20 years. Assume Yield to be 6% as well.

As the coupon rates equal the yield, both prices will be $1,000

Now assuming the Yield changes to 5%.

Using financial calculators, the 1-year bond will now be priced at $1,009.52

The 20 year bond however will now be priced at $1,124.62.

Conclusion: <em>Long-term bond prices are more sensitive to interest rate changes than short-term bonds. </em>

4 0
3 years ago
What do economists mean by the demand for​ money? A. It is the amount of moneylong dashcurrency and checking account depositslon
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4 years ago
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