Answer:
Determine if the trade deficit were used to import investment goods or consumer goods.
Explanation:
Note that the capital deepening occurs when the capital per worker is increasing in an economy. Remember also that, If there is increasing <em>investment</em> in an economy it would thus increase the amount of capital to labour.
Therefore the reason (whether import of consumption or investment goods) for the United States trade deficits during the 1980s and 1990s should be analysed.
Answer:
True
Explanation:
A channel of distribution is a series of firms or individuals that facilitate the movement of the product from the producer to the final consumer is a true statement.
A distribution channel consists of vendors, producers, out sourcing firms, logistic providers, sales persons, retailers, and finally consumers. Different companies have different channels of distributions based on their product needs and their market demand and expansion.
A product has to go through several processes in order to reach the consumer.
Answer:
chad
neither
chad
Italy
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
The opportunity cost of Italy in producing one unit of grain = 5/10 = 0.5t dates
The opportunity cost of Italy in producing one unit of dates = 10/5 = 2grains
The opportunity cost of Chad in producing one unit of grain = 25/10 = 2.5 dates
The opportunity cost of Chad in producing one unit of dates = 10/25 = 0.4 grains
Italy has a comparative advantage in the production of grains while Chad has a comparative advantage in the production of dates
A country has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries. Chad produces 25t of dates while Italy produces 5t of dates, this shows that Chad has an absolute advantage in the production of dates. Both Italy and Chad produces the same quantity of grains so neither have an absolute advantage in the production of grains.
Answer:
Option D. We are 95% confident that the mean amount spent on electric service among the 160 households is between $151 and $216.
Explanation:
A confidence interval is a range of values, derived from the sample statistics, which may include the value of an unknown population parameter.
A 95% confidence interval indicates that between 152 of 160 samples (95%) of the same population will produce confidence intervals that will contain the population parameter.
It also means that we have a 95% confidence that the average (average amount) is among the resulting amounts obtained.
Logically, option "D" is missing the final part. This would be: D. We are 95% confident that the mean amount spent on electric service among the 160 households is between $ 15.
This is the only true option, since the test is based on a sample of only 160 households, the entire population of households cannot be included.
Hence, the correct option is:
Option D. We are 95% confident that the mean amount spent on electric service among the 160 households is between $151 and $216.
The demand for good A will increase and the demand curve will shift to the right.
<h3>What is incomes fall?</h3>
- People's disposable income will decrease if consumer earnings decline. Since people will be content with what they currently have, they will purchase fewer products and services. When they do spend money, they could opt for less expensive options like store brands or used goods from the grocery store.
- When a consumer's income drops, it turns inward. A lesser good is one whose consumption grows with rising income and declines with falling income. When income falls, the demand curve for a subpar good shifts out, and when income rises, it shifts in.
- Increases in income will lead to declines in demand for inferior goods, whereas decreases in income will lead to increases in demand.
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