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NISA [10]
4 years ago
5

Assume that Japan and Korea each has 2400 hours available. Originally, each country divided its time equally between the product

ion of cars and airplanes. Now, each country spends all its time producing the good in which it has a comparative advantage. As a result, the total output of cars increased by a. 80. b. 40. c. 16. d. 64.
Business
1 answer:
Pavlova-9 [17]4 years ago
5 0

Answer: The answer is b

Explanation:

Since 60minutes = 1 hour

2400 ÷ 60

= 40

The total output of cars increased by 40

The law of comparative advantage states that a country will specialise in producing commodities in which the country has greatest comparative advantage. Therefore a country will produce for export those commodities she can produce cheaply than other countries.

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The basis for this argument is that consumption tax takes a larger percentage of income from low income earners than from high income earners. This is because consumption tax is uniformly applied to all people irrespective of their situation.<span />
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4 years ago
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1) Illustrate how the type of work that he or she does influences a person's lifestyle. For example, contrast a farmer, a factor
steposvetlana [31]

Answer:1)The type of one job influences his lifestyle

2)No

3) value of self services in an economy includes improved customer services,more convenient , reduced overhead cost, customer satisfaction, increase productivity.

Explanation:Type of job tells a lot about people lifestyle,eg a person who spend very long hours at work hardly have adequate rest and social life.

Contrasting between farmers, school teacher and factory worker,the factory workers are semi skilled,teachers skilled and farmer could be non skilled ,the school teacher schedule is always fixed 8am to 4pm for instance so they are more organized,they are mostly in formal attire while a factory worker run shifts and may be see in safety boots and overall and may have little or erratic schedules .the farmer on the other hand has no schedule ,has relaxed routine,wear casuals and not necessarily tidy,does things when willed as most are self employed.

Even in their eating habits,farmers eat more of fresh food,while teachers eat processed foods and factory workers are more likely to eat junks or snacks.

While a school teacher may be seen with books ,a factory worker may be seen with machines and equipment and farmers with tools ,tractors etc

2)An economy can only thrive on goods and services,as both are needed for survival,a service person need commodities like foods,clothes etc to survive while a good traders cannot do without services like transportation,banking etc

3)the value of self service include overhead cost reduction,self service involves customer serving themselves with limited involvement of a third party or vendor e.g payment at pos at gas station, uses of ATM for cash withdrawal etc.

The organization uses less resources like staff,PCs to run self service this fund can be invested in other areas.

Increase customer service occurs as a result of self service , customer can do their trasaction at their pace and convenience.

4 0
3 years ago
Return to question Item 1 Item 1 In its first year of operations, Roma Company reports the following. Earned revenues of $65,000
AlladinOne [14]

Answer:

Cash basis accounting  (record accounting transactions only when the corresponding cash is received or payments are made)

Revenues (cash receipts)          $57,000

<u>Expenses ($27,250+$11,750)    $39,000 </u>

Net income                                 $18,000

Accrual basis accounting  (record accounting transactions for revenue when earned and expenses when incurred)

Revenues (earned)                     $65,000

<u>Expenses (incurred)                   $35,500 </u>

Net Income                                $29,500

6 0
3 years ago
Which of the following is NOT an end goal of BOTH quality improvement programs and continuous process improvement? Select one: a
Mazyrski [523]
<h2>Achieving specific set of goals does not come under Quality improvement programs and continuous process improvement.</h2>

Explanation:

Option B: Reducing errors and defects: Quality improvement means it includes avoiding / reducing errors too. The same can be considered as an improvement in the process too.

Option C: Improving efficiency: Continuous improvement should reflect the efficiency in improving performance and standards and thus enhancing the quality.

Option D: Improving profit: The ultimate aim to is have profit through quality product deliverable and continuous improvement in producing those. So Option D is valid

The given programs are not for achieving a specific goals. So Option A is invalid

8 0
4 years ago
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