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AnnyKZ [126]
3 years ago
5

Initially, the number of tools per worker was higher in Hermes than in Gobbledigook. From 2012 to 2062, capital per worker rises

by 5 units in each country. The 5-unit change in capital per worker causes productivity in Hermes to rise by asmaller amount than productivity in Gobbledigook. This illustrates the ___________ effect.

Business
2 answers:
9966 [12]3 years ago
8 0

Options:

Human capital, Natural resources, technology, catch-up

Answer:

Catch-up effect

Explanation:

In 2012, Hermes had 30 workers and 11 tools per worker, total output was 1,800. Output per worker = 60

In 2062, Hermes also had 30 workers but it has 16 tools per worker, total output was 2,160. Output per worker = 72

In 2012, Gobbledigook had 30 workers and 8 tools per worker, total output was 900. Output per worker = 30

In 2062, Gobbledigook also had 30 workers and 13 tools per worker, total output was 1,620. Output per worker = 54

The workers in Hermes increased their productivity by 20% using 5 more tools, while the workers in Gobbledigook increased their productivity by 80% using 5 more tools.

The catch-up effect states that poorer economies tend to grow more rapidly than wealthier economies, e.g. China consistently grows at around 7% a year, while the US growth rate is between 2-3%. In absolute terms, the US economy is still larger with a much higher GDP per capita, but in the future both economies will have the same GDP per capita.

MrRissso [65]3 years ago
4 0

Answer: Catch up effect

Explanation: As per the theory of catch up effect, the economies of the world with poor financial conditions will grow more rapidly than those of the wealthy economies.

In the given case, Hermes had a better tool per worker than the Gobbledigook, and the equal change in capital units in  both economies resulted in more impact on Gobbledigook.

Thus, we can conclude that the given case illustrates catch up effect.

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Calculate the simple interest payable on a ten-month loan of $60,000 if the interest rate is 16.5%.
marysya [2.9K]

Answer:

the correct answer is 69900

3 0
3 years ago
The _________ is the most commonly used type of lineup in police departments. these types of lineup are advantageous in that the
svetoff [14.1K]

The <u>NOT Photo parallel lineup</u> is the most commonly used type of lineup in police departments. these types of lineup are advantageous in that they  <u>allow the witness to see the foils in person</u>.

7 0
3 years ago
LeMay Department Store uses the retail inventory method to estimate ending inventory for its monthly financial statements. The f
Nutka1998 [239]

Answer:

Cost to retail ratio = 57.05%

Explanation:

Particulars                                                               Cost       Retail

Beginning Inventory                                            $46,000    $66,000

Add: Purchases                                                    $213,000   $406,000

Less: Purchases Return                                       $7,000       $9,000

Freight In                                                               $15,558          -

Net Markups                                                               -             $6,400

Good Avail. for Sales (Without markdowns)   $267,558   $469,000

Cost to retail ratio = $267,558/$469,000

Cost to retail ratio = 0.570486

Cost to retail ratio = 57.05%

6 0
3 years ago
According to Gerzema Where are some of the changes that consumers or making when it comes to spending money or buying an item wh
Lunna [17]

Answer: The answer is given below

Explanation:

According to Gerzema, some of the changes that consumers are making when it comes to spending money or buying an item include the idea of using debit cards at the expense of credit cards. This implies that individuals are now paying for goods and services with the money that is already with them.

He also said individuals now go after the “liquid life”, where he said that individuals define success on liquidity and not on having things. He also said individuals look at organization's values and that they're always looking for ways to have value for things they buy. The cause of these are the fact that consumers are being empowered and also wants to improve their economy.

8 0
3 years ago
Under the all-events test, in addition to specifying that all events to establish the liability must have occurred, the test als
IgorC [24]

Answer:

TRUE

Explanation:

It is true that under the all-events test, in addition to specifying that all events to establish the liability must have occurred, the test also provides that the business must be able to determine the amount of the liability with reasonable accuracy

Under Sec. 461(h), a three-prongall-events test is met when

(1) all events have occurred that establish the fact of the liability;

(2) <u>the amount of the liability can be determined with reasonable accuracy</u>; and

(3) economic performance has occurred.

8 0
3 years ago
Read 2 more answers
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