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AnnyKZ [126]
2 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]2 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]2 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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A coupon bond that pays interest of $70 annually has a par value of $1,000, matures in 5 years, and is selling today at a $77.75
Umnica [9.8K]

Answer:

Current Yield = 0.07590 or 7.590%

Explanation:

A current yield refers to the annual return that a security provides based on the interest or dividend payments it makes expressed as a percentage of it current price. Thus, the current yield on bond can be calculated as follow,

Current Yield - bond = Interest payment per year / Current price

Current Yield - Bond = 70 / (1000 - 77.75)

Current Yield = 0.07590 or 7.590%

8 0
3 years ago
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faust18 [17]
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8 0
2 years ago
total fixed costs for diamong enterprises are $700,000. Total costs, including both fixed and variable, are $920,000 if 140,000
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Answer:

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5 0
3 years ago
When a company has both common and preferred stock, its ROE must be adjusted by ______. (Select all that apply.)
beks73 [17]

When a company has both the common and preferred stock, then, its ROE must be adjusted by subtracting the preferred stock balance from the total stockholders' equity  and subtracting preferred stock dividends from net income.

The ROE means Return on equity.

Return on equity is used to measure the profitability of a business in relation to its equity.

If the company have common and preferred stock, then, its ROE must be adjusted by subtracting the preferred stock balance from the total stockholders' equity  and subtracting preferred stock dividends from net income.

Therefore, the Option A and C is correct.

Missing options includes <em>"A) subtracting the preferred stock balance from the total stockholders' equity, B) adding the preferred stock dividends to net income, C) subtracting preferred stock dividends from net income , D) adding the preferred stock balance to total stockholders' equity"</em>

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3 0
2 years ago
Globally, ethical codes of conduct are becoming more sophisticated and accessible. O True O False
allochka39001 [22]

Answer:

True .

Explanation:

Business ethics tell us what is right and wrong, what is good and bad, what is fair and unfair. Business ethics are very important for any company. They help a company to improve there image in front of people. Business ethics is a part of society , business uses its resources ,so its become the moral value of business to do something for society.

Whenever a company do something good for society , then it improves its image in public .

Now a days, the consumer are become the king of the market, they organised powerful association when company do not fulfill there need.

If business do not work ethically then government also interfere . So to avoid government interference , to build good public image it is necessary for businessman to work ethically.

3 0
3 years ago
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