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TiliK225 [7]
3 years ago
12

How is it possible that Switzerland, a landlocked country with almost no natural resources, is one of the richest countries in t

he world while the Democratic Republic of the Congo, a huge country with vast deposits of many strategically important minerals, is one of the poorest? The case of Switzerland vs. the DR Congo highlights that:
A. it is important to extract as much of the natural resources as possible.
B. once you become rich, it is easier to get even richer.
C. natural resources are more important than the other components of productivity growth.
D. natural resources do not make up for all of the advantages that the other components of productivity growth bring.
Business
1 answer:
BARSIC [14]3 years ago
3 0

Answer:

The correct answer is option D.

Explanation:

Even though the democratic republic of Congo is rich in natural resources while Switzerland has almost no natural resources, but Switzerland is among one of the richest countries while Congo is among the poorest.  

This indicates that abundant natural resources are not the only factor required for economic growth. Other factors such as human capital, physical capital, state of technology, etc. are also necessary for economic growth. Abundant natural resources cannot be efficiently utilized without these factors.  

Even if a country is not rich in natural resources but possesses these factors, it can still have high economic growth.

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pav-90 [236]
Sometimes they don’t want loose change in their wallets, pockets, etc. Coins are pretty heavy as well.
3 0
3 years ago
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Rivals would find it difficult to challenge atlas door in the short run because of high threat of substitution. low buyer switch
elena55 [62]

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8 0
4 years ago
Strand, Inc. is currently engaged in negotiations with one of its major unions. The company is covered by the LMRA. If Strand is
PSYCHO15rus [73]

Answer: True

Explanation:

The Labour Market Regulatory Authority is responsible for regulation of the labour market.

Based on the information given in the question, we can say that Strand will be in compliance with the act. Therefore, the answer is true.

4 0
3 years ago
5 years ago, Barton Industries issued 25-year noncallable, semiannual bonds with a $1,000 face value and a 12% coupon, semiannua
Leona [35]

Answer:

10.77%

Explanation:

FV: $1000

PV: $845.87

PMT: $60

Nper: 40 = (25 years - 5 years ago)* 2 for semi-annual payment

We use excel to calculate semi-annual discount rate by formula Rate(Nper,PMT,-PV,FV)

= rate(40,$60,-$845.87,$1000) = 7.18%

⇒ annual rate = semi-annual rate * 2 = 7.18% * 2 = 14.36%

after-tax cost of debt = 14.36% * (1 - 25%) = 10.77%

<em>Please see excel attached for the calculation</em>

Download xlsx
6 0
3 years ago
A company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 9, 20
lutik1710 [3]

Answer:

February 9, merchandise purchased on account:

Dr Merchandise inventory 57,000

    Cr Accounts payable 57,000

March 7, merchandise sold on account

Dr Accounts receivable 79,000

    Cr Sales revenue 79,000

Dr Cost of goods sold 57,000

    Cr Merchandise inventory 57,000

Explanation:

Since we are not told the date when the company pays for the purchased merchandise, we can assume any date of February to record the payment:

Dr Accounts payable 57,000

    Cr Cash 57,000

The same for the collection of the sales account:

Dr Cash 79,000

    Cr Accounts receivable 79,000

7 0
3 years ago
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