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n200080 [17]
3 years ago
9

Suppose there are only two factors of production, labor and capital, and two goods, cloth and bicycles. a. The UK has 50M worker

s and 100M units of capital. The ROW has 5B workers and 4B units of capital. Which country is relatively labor abundant?
Business
1 answer:
LiRa [457]3 years ago
7 0

Answer:

ROW

Explanation:

Given that,

UK has 50M workers and 100M units of capital.

ROW has 5B workers and 4B units of capital.

A country is labor abundant if the endowment of labor in that country relative to the other factors is greater than the other countries.

Therefore,

In UK:

= 50 workers ÷ 100M units of capital

= 0.5 workers

For every unit of capital there are 0.5 workers.

In ROW:

= 5B workers ÷ 4B units of capital

= 1.25 workers

For every unit of capital there are 1.25 workers.

Above calculations clearly shows that ROW is relatively labor abundant and UK is relatively capital abundant.

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Unencrypted information is
sergiy2304 [10]

Answer:

likely to be stolen and abused.

Explanation:

Uninterrupted information is a type of data that presented in a way that is understandably for most people (such as plain text).

When storing your information online with encrypted information, you make your data become easily  identified, viewed and accessed by hackers. To prevent this from happening, you need to mask the data using encryption algorithms. This will make it really hard for a third party to decrypt your information and prevent it from being stolen.

3 0
2 years ago
Zhang Industries sells a product for $700 per unit. Unit sales for May were 700 and each month's unit sales are expected to grow
ratelena [41]

Answer: $14594

Explanation:

The budgeted selling expense for the manager for the month ended June 30 will be calculated thus:

The unit sales for June will be:

= [700 × (1 + 3%)]

= 700 × (1 + 0.03)

= 700 × 1.03

= 721 units

Commission will be:

= 2% × (721 × 700)

= $10,094

Therefore, the selling expenses to be reported will be:

= $10,094 + $4500

= $14594

4 0
2 years ago
The payroll department provides services for several plants in the city of yee haw junction. the payroll department's budget is
Oksi-84 [34.3K]

Answer:

The amount that the lighting plant be charged from the payroll department for its services is $25,000

Explanation:

Provided data from the question:

Payroll budget = $100,000

number of checks issued per week = 4000

number of employees = 1000

Since, the service department charge rate is calculated as the total service department expense divided by total service department usage, the amount that should be charged from the payroll department for its services;

= $100,000 ÷ 4,000

= $25 × 1,000

= $25,000.

6 0
3 years ago
Atâ year-end, Snowâ, Inc. has cash of $ 15,000â, current accounts receivable of $ 30,000â, merchandise inventory of $ 40,200â, a
Eva8 [605]

Answer:

0.75 times

Explanation:

The formula and the calculation of acid test ratio is presented below

Acid test ratio = Quick assets ÷ total current liabilities  

where,  

Quick assets = Cash + current accounts receivable

= $15,000 + $30,000

= $45,000

And, the current liabilities is $60,000

So, the acid test ratio would be

= $45,000 ÷ $60,000

= 0.75 times

3 0
2 years ago
The difference between a job shadow and an internship is
Brilliant_brown [7]
A job shadow is usually very short term and involves following someone around to observe their work. An internship is usually a month or longer and is more formalized.
8 0
2 years ago
Read 2 more answers
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