Answer: 1. There is an increases population over the last 30 years.
2. There is a relative decrease in the price of pans and pots.
Explanation: 1. Over the last 30 years, there has been an increase in global population. Increase in population means more food needs to be supplied. And more food needs to be available in the market for the population to consume. This shifts the global demand more and more outwardly over time.
2. The prices of pots and pans have decreased over time, allowing more individuals to purchase them. To use these appliances people need ingredients to prepare food. This means more people can buy food to cook, which increases the demand for food within the economy. This also adds to the global shift outward.
You didn't post the complete information of the exercise, I searched the exercise online and tried to ask the most useful question.
Explanation:
The net present value method is based on two assumptions. These are:
1.The cash generated by a project is immediately reinvested to generate a return at a rate that is equal to the discount rate used in present value analysis.
2. The inflow and outflow of cash other than initial investment occur at the end of each period.
Based on the information given this is an illustration of: The substitution effect.
<h3>What is substitution effect?</h3>
Substitution effect can be defined as the way in which consumer decide to switch or change to other alternative products that are less expensive alternative.
Substituting to alternative product occur when their are rise in price of goods and services that consumer purchased in the market.
When their is decrease in price of a product, consumer tends to go for cheaper or less costly products that offers or gives the same result as the expensive one.
Inconclusion this is an illustration of: The substitution effect.
In the 16th to 18th centuries, mercantilism was the dominant economic theory. Governments were controlling their economies to limit imports and increase exports. It was believed that by doing this, the wealth of the nation would increase due to the surplus in the balance of trade.
HP laptop computers are produced on a line, with multiple workers completing one or two specific tasks to assemble the laptop. This is an example of J<u>ob Specialization Negatives</u> which can leave to boredom and dissatisfaction. A solution may be to introduce J<u>ob rotation</u> where employees shift from one job to another.
Explanation:
<u>Job specialization negatives </u>can result in increased turnover of an organization(due to employee absenteeism and resignations).Due to the j repetitive nature of the job and lack of challenges it leads to boredom among the employees
To avoid such circumstances, the managers of a company should introduce the concept of job rotations.
<u> Job Rotation</u> simply means shifting the job role of an employee for a few days so that he/she can get a exposure about the job role of the other departments company.