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Flauer [41]
3 years ago
5

Select the correct answer.

Business
1 answer:
Ilya [14]3 years ago
7 0

Answer:

What represents the value of the second-best alternative that a person gives up when making a choice?

Opportunity cost

Explanation:

Opportunity cost entails the next value best to alternative available, the availability to choose from pool of alternatives results into an opportunity cost

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Unemployment and Labor Force Participation: Work It Out 1 of 3 Suppose the island nation of Freelandia is composed entirely of t
gtnhenbr [62]

Answer:

200

Explanation:

The labor force in an economy is composed of all adults able-bodied individuals who are employed or actively seeking employment. Employed people are those engaged in economic or income-generating activities.  Unemployed are jobless individuals who are actively seeking work.

In Freelandia, labor force participation will be composed of the employed and the unemployed people.  As per the definition of the labor force, children will not be included as they are not adults. Students and retired people are not seeking employment; hence should not be in the labor force. Therefore, the labor force will be 190 plus  10, which is 200.

4 0
3 years ago
Countries are interconnected today as never before. From eating foods from different countries to singing along to songs perform
Nuetrik [128]
This is tough to answer in 3-5 sentences, and tends to also be a heavy identifier of your possible political leanings.  You'll have to apologize if some of mine leak out in the response, but this is a question we debate hotly more frequently than every 4 years.

In general, international trade can help increase the GDP and overall profits for US-based corporations.  However, if all we do is export, and we don't import, other countries don't look favorably upon that and may heavily tax our goods to counter this.

I believe we do need to be thoughtful about the amounts and kinds of international trade that we engage in.  For example, farming is always a hotly debated issue for international trade, in part because farmers in other countries with a dramatically lower cost of living OR farmers in countries with a favorable currency rate (exchange from their currency to our dollars gives them an advantage) can undercut our farmers here in the US, many of whom are already struggling.

There are also those who are worried that when we import produce from countries that have not outlawed pesticides we know are carcinogenic, for instance, this creates not only a disadvantage for US farmers, but also for consumers who may be concerned about health issues.

As another example of this, many countries outlawed import of US beef during the Mad Cow Epidemic.  We in turn also placed bans on importing beef from the UK.  

These are examples of why it's important to be thoughtful about trade, but there are certainly many others, including decline in production jobs within the US that have left cities like Detroit a ghost town (this was formerly the hub of our automotive industry production).
5 0
3 years ago
Choosing firm goals for your business
Gala2k [10]

D. Eliminates other options is correct. Just took the test.


8 0
3 years ago
Read 2 more answers
A healthy fast-casual restaurant that offers only vegetarian and vegan meals insists on portraying organic ingredients in its ad
Gelneren [198K]
The strategy that they use is <span>signaling value by targeting sophisticated buyers

This type of strategy could only work if the target market has specific preferences.
Even though the number of potential consumers for this market tend to be considerably small compared to another market, but the customers that obtained through this strategy tend to show higher level of loyalty.</span>
5 0
3 years ago
Power Plate Inc., a consumer electronics manufacturer, introduced a new solar cooker in the market. The team responsible for the
Pepsi [2]

Answer:

Cross-functional team.

Explanation:

A cross-functional team is a group of people with different functional expertise working toward a common goal. It may include people from finance, marketing, operations, and human resources departments. Typically, it includes employees from all levels of an organization.

5 0
3 years ago
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