1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
John works for Heinlein Hillclimbers in Wyoming, where he earns $26,500 annually. He contributes $150 per month to his 401(k), o
otez555 [7]

Answer: $40,710

Explanation:

John's annual compensation includes his actual annual salary as well as the various payments that Heinlein Hillclimbers makes on his behalf.

His total annual compensation is:

= Annual salary + Employer's 401 contribution + Health insurance + Life insurance + AD&D + Profit sharing bonus + Tuition reimbursement + employer only taxes and insurance

= 26,500 + (150 /2 * 12 months) + (150 * 12 months) + (30 * 12 months ) + (50 * 12 months ) + (2% * 26,500) + 5,250 + (18% * 26,500)

= 26,500 + 900 + 1,800 + 360 + 600 + 530 + 5,250 + 4,770

= $40,710

4 0
2 years ago
What actions do you think a multinational firm can take to limit the impact of future crises in the global financial system on t
Naddik [55]

Answer:

A Multinational Company will bound the effect of upcoming disasters within the international economic system on the flexibility of the firm to lift investment to recompense its short-run expenses and fund long run funds in the subsequent methods:

  • Confirm that the corporate is cost-effective and collapse resistant by differentiating into artifact parts that are pledge diurnal to the most line of the corporation. Maybe, throughout the world money crisis, the upper education phase did well as variety of dismissed wished to upgrading their abilities or re-skill themselves. College conscription enlarged throughout the world money crisis.
  • Expand geologically in terms of markets, provide foundations, plant positions and then on, so just in case sure economies are consuming inactive development, others will compose. Throughout the world money crisis, the expansion in China and Asian country failed to get exaggerated.
  • Use obligation providentially so the corporate isn't over leveraged.
  • Have a vigorous record and make sure that satisfactory money assets are there with the corporate to require care of adverse times.
  • Be complex to tuned in to international economic circumstances and appearance for early cautionary marks of an at hand crisis.

6 0
3 years ago
Reporting the details of notes is consistent with which accounting principle that requires financial statements (including footn
alexgriva [62]

Answer:

The correct answer is Option B.

Explanation:

The full disclosure principle is a concept that requires all necessary details relating to the notes to the financial statements are provided and explained in such a way that would be understandable to the users of the financial statements.

The disclosures are expected to be in compliance with the accounting standards, regulatory pronouncements, among others.

6 0
3 years ago
Which of the following is a low-interest loan to students with very high financial need? A.Direct PLUS B.Pell C.Gates D.Perkins
8090 [49]
My answer would have to be D.Perkins
7 0
3 years ago
Read 2 more answers
Neptune Company produces toys and other items for use in bthe following and resort areas. A small, inflatable toy has come onto
Sergeu [11.5K]

Break-even point (in dollar sales):

Determine the monthly break-even point for the new toy in dollar sales as shown below:

Break-even point (in sales dollars) = Break-even point (in units) × Selling price per unit

=50,115 units $2.60 each

= $130,299

Thus, the break-even point (in sales dollars) is $130, 299.

The break-even point is the point at which total costs equal total sales. In other words, there is no loss or profit for small businesses. This means that we have reached a stage of production where the cost of production equals the revenue of the product. A breakeven point is used in multiple areas of business and finance.

Learn more about the break-even point at

brainly.com/question/9212451

#SPJ4

8 0
1 year ago
Other questions:
  • Your Competitive Intelligence team is predicting that the Chester Company will invest in adding capacity to their Cell product t
    8·1 answer
  • Suzanne, a sales representative at medex, a pharmaceutical firm, was being sexually harassed by her manager, phil. after suzanne
    12·1 answer
  • A store sells T-shirts at a price of $40 per shirt. None of the buyers are willing to pay this price. In 2 or 3 sentences, descr
    8·2 answers
  • David Harper, the marketing manager of a large cosmetic company, observes that when the company decreases the price of its premi
    5·1 answer
  • Vulcan Company’s contribution format income statement for June is as follows: Vulcan Company Income Statement For the Month Ende
    11·1 answer
  • Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1)
    7·1 answer
  • You should use a(n) _____________ to track the mean diameter of the pipe for a manufacturing process producing copper pipes.
    11·1 answer
  • A master franchisee, in addition to having the right to open and operate a specific number of locations in a particular area, al
    8·1 answer
  • blistre company operates on a contribution margin of​ 30% and currently has fixed costs of​ $550,000. next​ year, sales are proj
    5·1 answer
  • What are the 6 types of government spending?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!