Answer:
workers may be replaced by machines.
Explanation:
Potential output is not purely a physical measure based on the number of workers and existing factories because: workers may be replaced by machines.
Economists define potential output as what can be produced if the economy were operating at maximum sustainable employment, where unemployment is at its natural rate.
Output in economics is the "quantity of goods or services produced in a given time period, by a firm, industry, or country". This will include output both by workers and machines
Answer:
c. Debit to Long Term investments for $2,250
Explanation:
The investment have increased therefore it will be debited with corresponding effect to unrealized gain on such investment.
Option C is correct.
The empirical study of the possession, use, and exchange of scarce resources is known as economics, or scarcity science. Since it employs scientific methods to develop ideas that can better explain the behavior of individuals, communities, and organizations, economics is considered a social science.
Answer:
<h2>The correct answer for the given question is False or option b. in the answer list.</h2>
Explanation:
- In business,worldwide area structure or global area structure refers to the business operation of the multinational global companies within a specific or definite geographical area or a region.However,it can still maintain its operational activities in the domestic country or the country of its origin,which is the main existing market where it operates.
- The specific area or region under worldwide area structure can be a particular country or multiple countries where the company or business organization can expand its operational reach.
- The company can decentralize its course of conduct and modes of operation by establishing separate departments,subsidiary units and divide or allocate work responsibilities among those respective departments to facilitate the functioning of its overseas business operations.
