Question Completion:
Production outputs
Luxland Leanderland
Chips 10 4
Pretzels 10 8
Total output 20 12
Answer:
Assuming that Luxland and Leanderland specialize and trade in a way that is advantageous for both of them, the number of pretzels that Leanderland can produce will be 16.
Explanation:
a) Data and Calculations:
Specialization Output:
Luxland Leanderland
Chips 20 0
Pretzels 0 16
Total output 20 16
b) While it is acknowledged that Luxland has absolute advantage in the production of both chips and pretzels when compared to Leanderland, the total output for both economies, without specialization, remains 32 units (of both chips and pretzels). When they specialize, Leanderland's output increases to 16 units from 12. This results in total output of 36 units instead of 32 for both economies.
Answer:
Description
Explanation:
The cluster analysis refer to an activity in which there is a group of objectives set that shows the objects in the similar group that we called as a cluster
Here in the given situation, it is mentioned that the use of descriptor variables is used for cluster analysis in order to make a difference in sub samples
So here the description step is used in cluster analysis
Therefore the third option is correct
Answer:
C. Medicare
Explanation:
Medicare is a federal health insurance program that pays for hospital and medical care both for people in the U.S. who are older and for some people with disabilities. Medicare isn't part of the monetary or fiscal policy responses to the Great Recession
You can make monopolies. You don't have to lower your prices because nobody is offering lower prices. You can sell bad stuff for high prices. But monopolies do tend to disappear.