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yanalaym [24]
3 years ago
10

Drag each description to the correct location on the chart. Determine which direction a nation’s PPC will shift as a result of t

hese major events.
Several multinational companies close their factories in the nation because of its changing economic climate.
A mass e-learning initiative makes education cheaper and accessible across the nation.
Government money is illegally taken by increasingly corrupt bureaucrats and politicians.
New economic policies facilitate the signing of new international trade agreements.
Business
1 answer:
vampirchik [111]3 years ago
7 0
<span>Several multinational companies close their factories in the nation because of its changing economic climate.
Shifts left. The maximum production of the economy is lower because their are fewer factories. 

A mass e-learning initiative makes education cheaper and accessible across the nation.
Shifts right. This makes education less expensive, freeing up public and private money for investment and other uses which can further increase output.

Government money is illegally taken by increasingly corrupt bureaucrats and politicians.
Shifts left. this money is taken out of the economy where it could otherwise be invested in factors of production. 

New economic policies facilitate the signing of new international trade agreements.
Shifts right. Increased trade opens up markets to foreign imports/exports and investment, increasing the maximum capacity of the economy. </span>
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Janine is an accountant who makes $30,000 a year. Robert is a college student who makes$8,000 a year. All other things equal, wh
Bingel [31]

Answer:

Janine is an accountant who makes $30,000 a year. Robert is a college student who makes$8,000 a year. All other things equal, who is more likely to stand in a long line to get a cheap concert ticket?

Robert; his opportunity cost is lower

Explanation:

Robert has loss of potential gain from the alternative available, his low income will made him to queue in order to get the concert ticket

5 0
3 years ago
True or false: (a) maxwell's equations apply only to fields that are constant over time.
ehidna [41]
False,
Hope this helps
3 0
3 years ago
Journalize the following transactions for Combs Company.
Anarel [89]

Answer: See explanation

Explanation:

a. Debit: Raw material $12000

Credit: Account payable $11500

Credit: Material price variance $500

(To record material purchase)

b. Debit: Work in process 11600

Credit: Raw material 11200

Credit: Material price variance 400

(To record material issued)

Note:

Material price variance for (a)= 12000 - 11500 = 500

Work in progress = 5800 × 2 = 11600

Material price variance for (b) = 11600 - 11200 = 400

5 0
3 years ago
The demand for emeralds tends to be very elastic. This is because emeralds are more of a _____________. It also means that a 33%
Natalka [10]

Answer:

C) luxury item, an increase

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price.

An elastic demand means a small change in price leads to a greater change in quantity demanded.

A luxury good is a good that isn't a necessity. They are usually bought as a status symbol.

Luxury goods usually have elastic demands.

Emeralds are luxury goods and if there's a fall in price of emeralds the quantity demanded of emeralds would rise.

I hope my answer helps you

8 0
2 years ago
According to the definition of profit, if a profit-maximizing firm will always attempt to produce its desired level of output at
Leona [35]

Complete Question:

According to the definition of profit, if a profit-maximizing firm will always attempt to produce its desired level of output at the lowest possible cost, then it will

Group of answer choices;

A. do so regardless of what type of competition exists in a market.

B. take a long-run perspective on costs, when such costs cannot be adjusted.

C. take a short-run perspective on labor costs which cannot be immediately changed.

D. breakdown its cost structure according to short-run adjustments.

Answer:

A. do so regardless of what type of competition exists in a market.

Explanation:

According to the definition of profit, if a profit-maximizing firm will always attempt to produce its desired level of output at the lowest possible cost, then it will do so regardless of what type of competition exists in a market.

Profit maximization is considered by economists as either a short run or long run process that ultimately influences a firm's price, investment or input costs and level of production that would result in the highest profit.

Hence, a firm makes profit when the total cost used for the production of a product is subtracted from the total revenue generated from the sales of that product.

Mathematically, Profit = Total Revenue - Total cost.

Regardless of what competition exists in the market, a firm is only very much concerned with knowing the quantity of goods that it should produce in order to make profits. Having the answer to the above question would help a profit-maximizing firm to produce its desired level of output at the lowest possible cost.

<em>Hence, as the firm sells more of its products, the total revenue is also increasing and thus making more profits with respect to the price level in the market. </em>

4 0
3 years ago
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