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
Bumek [7]
3 years ago
15

what to nations and businesses use to see how much producing some good will cost them in terms of not producing other goods

Business
1 answer:
kifflom [539]3 years ago
5 0

Answer:

Countries use the production possibilities schedule and the production possibilities frontier. (PPF)

Explanation:

These are theoretical and practical tools that are used to determine the opportunity cost incurred when choosing production alternative betwen two or more goods.

In the PPF in particular, good x (for example, sugar) is shown in the x axis, and good y (for example, butter) is shown in the y axis. A curve can be drawn, that illustrates the production possibilties between the two goods: for example, a country can produce either 200 units of sugar and 100 units of butter, or 200 units of butter, and 100 units of sugar.

The points on the curve are efficieny points: production quantities in which all available resources and being utilized efficiently.

Points inside the curve are inefficient: they represent output that is produced with available resources being used inefficiently.

And points outside the curve are unattainable because of lack of resources.

You might be interested in
What is the movement of an economy from one condition to another and back again
pav-90 [236]

The business cycle is the movement of an economy from one condition to another and back again. The business cycle is also known as the economic cycle or trade cycle. This cycle represents the movement of resources from one end and their comeback at the same end after revolving. It can be understood as a businessman invests money in the business in the form of costs and the money comes back in the form of revenue or sales.


Hence the answer is the <u>Economic cycle</u>


3 0
3 years ago
A​ company's employee database includes each​ employee's compensation. ​a) is this variable discrete or​ continuous? ​b) what ar
il63 [147K]
<span>A​ company's employee database includes each​ employee's compensation. ​

Part a)

An employees compensation is a continuous variable because it can take fractional values.

Monetary values doest have to be an integer it also takes decimal values.



Part ​b)

The possible values it can take​ on are any value in the interval of compensations for the employee's level.</span>
4 0
3 years ago
According to the Lewis two-sector model the creation of a Modern (urban) Sector will:
Soloha48 [4]

Answer:

The answer is option B)  According to the Lewis two-sector model the creation of a Modern (urban) Sector will:

Create a flow of labor from the traditional sector into the modern sector.

Explanation:

The two sector model propounded by W. Arthur Lewis is a theory of development that identifies two sectors: the traditional and modern sector.

According to this theory, the creation of a modern sector will generate a flow of excess labor from the traditional sector to the urban sector where there is more demand for labor.

Over time, this migration will create more jobs, stimulate industrialization and a framework for sustainable development.

3 0
3 years ago
If globalization continues over the next few decades, how might your life be different?
dexar [7]

Answer:

Too much globalization is lack of resources which leads to more disease and death

4 0
3 years ago
If workers and firms have rational expectations, they understand that ________ monetary policy will raise the inflation rate, so
Deffense [45]

Answer:

<u>expansionary; will be equal to</u>

Explanation:

<em>Remember</em>, monetary policies are basically divided into:

  1. expansionary monetary policy, and
  2. contractionary monetary policy.

Indeed, as the name implies, the expansionary monetary policy is meant to in a sense boost up economic growth in terms of reducing interest rates thereby theoretically increasing spending and also leading to an increase in the money supply. When there is an increase in the money supply, this thus leads to an increased inflation rate, which would be expected if workers and firms have rational expectations.

6 0
3 years ago
Other questions:
  • Suppose you have a choice between investing in a savings account that pays an 8.6% APR, compounded monthly (Bank Monthly) and on
    12·1 answer
  • . A one-product firm estimates that its daily total cost function (in suitable units) is C (x) = x^3 - 6x^2 + 13x + 15 and its t
    8·1 answer
  • Which of the following is a disadvantage of assembly lines
    7·2 answers
  • A manager attempting to take credit for a subordinate's ideas is engaging in a type of _____
    10·1 answer
  • Arm &amp; Hammer launches a campaign to extend the life of its baking soda products through improved packaging and new uses in p
    15·1 answer
  • The Clayton Act of 1914 makes price discrimination, exclusive dealers, tying contracts, and the acquisition of competing compani
    12·1 answer
  • Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its m
    8·1 answer
  • Parker is a dog whisperer who has consulted with some of the most famous Hollywood stars and their canine friends. He issued an
    9·1 answer
  • Explain two reasons why accurate market research information is important
    14·1 answer
  • Business Rental Corporation (BRC) and Cartage Trucking Companyenter into a contract for a lease of ten hydraulic lifts. Under th
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!