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
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.

You might be interested in
Which questions can help someone who is starting to think about personal vision and goals? Select all that apply. What activitie
Rom4ik [11]

Answer:

What would your job need to include in order to make you feel satisfied?

Explanation:

6 0
3 years ago
Read 2 more answers
Project management is ideally suited for a business environment requiring all of the following EXCEPT:________.
SCORPION-xisa [38]

Answer:

D) SPEED

Explanation:

6 0
3 years ago
Moe ’s Electric sales vacuum cleaners with a one-year warranty to fix any defects. For the current year, 200 vacuums have been s
vekshin1

Answer:

$900

Explanation:

Given that

Total repair up to end of year = 12

Estimated need to be repaid = 8

Average cost = $45

The computation of warranty expense for the current year is shown below:-

For computing the warranty expense for the current year first we need to find out the total repaired cost which is here below

Total repaired cost = Total repair up to end of year + Estimated need to be repaid

= 12 + 8

= 20

Warranty expense for the current year = Average cost × Total

= $45 × 20

= $900

Therefore for computing the warranty expense for the current year we simply applied the above formula.

5 0
3 years ago
What are taxes???????????
sladkih [1.3K]
Taxes are the money that the government give you to the last of the years for you work all the years
7 0
3 years ago
Read 2 more answers
Assume that you purchased 140 shares of Misty Company stock for $78 a share, that you received an annual dividend of $1.60 a sha
sergeinik [125]

Answer:

Return  (%)   = 17.43%

Explanation:

T<em>he return on investment is the sum of the dividends earned and capital gains made during the holding period of the investment.</em>

Dividend is the proportion of the profit made by a company which is paid to shareholders.

Capital gains is another type of the return made on an equity investment as a result of increase in the value of the shares. It is difference between the cost of the share and the value at the time of disposal.

Therefore, we can can compute the return on the investment as follows:

Dividend= ($1.60× 140)= $224

Capital gains= (90-78) × 140= $1680

Total dollar return on Investment = $224+ $1680= $1904

Total return in (%) = Return/ cost of shares × 100

                           = 1904/ (140 × 78) ×  100

                           = 17.43%

7 0
3 years ago
Other questions:
  • Colson Inc. declared a $320,000 cash dividend. It currently has 12,000 shares of 7%, $100 par value cumulative preferred stock o
    8·1 answer
  • The process of conducting business on an international scale is a part of _____. globalization Communism mercantilism Socialism
    10·2 answers
  • Consider two points on the PPF: point A, at which there are 50 apples and 40 pears, and point B, at which there are 46 apples an
    13·1 answer
  • Bradshaw Company provided the following data: Standard fixed overhead rate (SFOR) $5 per direct labor hour Actual fixed overhead
    9·1 answer
  • Demand is likely to be most elastic for which of the following: Ground beef O Footwear O Bread O Concert tickets​
    10·1 answer
  • Digital designers need what kind of skills:
    15·2 answers
  • A cement manufacturer has supplied the following data:
    10·1 answer
  • A company has a fiscal year-end of December 31: (1) on October 1, $32,000 was paid for a one-year fire insurance policy; (2) on
    10·1 answer
  • The National Football League (NFL) has expanded into various cities in Western Europe including Barcelona and London. Now Europe
    8·1 answer
  • In 2017, Hurricane Irma had a significant, negative impact on the orange harvest in the state of Florida. The U. S. Department o
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!