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NARA [144]
3 years ago
8

The Nobel Prize-winning economist Paul Samuelson argued that contrary to the standard interpretation, in certain circumstances t

he theory of comparative advantage predicts that a rich country might actually be worse off by switching to a free trade regime with a poor nation
A. True
B. False
Business
2 answers:
Nat2105 [25]3 years ago
6 0

Answer:

Paul samuelson argued that contrary to the standard interpretation, in certain circumstances the theory of comparative advantage predicts that a rich country might actually be worse off by switching to a free trade regime with a poor nation.

So the correct anwer is A. True

Explanation:

Paul Samuelson was an American economist called by the Swedish Academy as the American economist that contributed more to science than anyone else. He deduced that if a free trade deal would be pursued by a rich and a poor country, the one that would perform better would be the poor country because the currency exchange, the tariffs, the costs of production and the competence would make the poor country's products more attractive than the rich country ones.

Oxana [17]3 years ago
3 0

Answer:

True

Explanation:

The theory by Paul Samuelson postulated that trade liberalisation makes a rich country worse off when trading with a poor country.

Paul Samuelson being the American that won the Nobel Peace Prize in Economics, was also called the Father of Modern Economics.

He authored the best-selling economics textbook: Economics: An Introductory Analysis, which is considered an authority in Keynesian Economics.

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Organization development is a systemwide application of ________ knowledge to develop, improve, and reinforce the strategies, st
soldi70 [24.7K]

Answer:

behavioral science

Explanation:

Every organization is made up of people, and people exhibit distinct or similar behavior.

Behavioral science is a discipline that understands the reasons why people behave the way they do.

Therefore, for an organization to be effective it will we apply behavioral science knowledge to develop and improve its processes in the organization.

4 0
3 years ago
During which stage of team development is there a high dependence on the leader for guidance and direction as there will be litt
Daniel [21]

During Forming stage of team development is there a high dependence on the leader for guidance and direction as there will be little agreement on team goals.

Because the forming stage involves a period of orientation and getting acquainted. Uncertainty is high during this stage, and people are looking for leadership and authority. High dependence on the leader for guidance and direction. Little agreement on team objectives other than those received from the leader. Individual roles and responsibilities are unclear.

Orientation is the act or process of orienting or the state of being oriented.

Leadership is the art of motivating a group of people to act toward achieving a common goal.

Responsibilities are the quality or state of being responsible.

To know more about the Orientation here

brainly.com/question/12049504

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6 0
1 year ago
A monopolist finds that a person’s demand for its product depends on the person’s age. The inverse demand function of someone of
KiRa [710]

Explanation:

A manufacturer of computer memory chips produces chips in lots of 1000. If nothing has gone wrong in the manufacturing process, at most 7 chips each lot would be defective, but if something does go wrong, there could be far more defective chips. If something goes wrong with a given lot, they discard the entire lot. It would be prohibitively expensive to test every chip in every lot, so they want to make the decision of whether or not to discard a given lot on the basis of the number of defective chips in a simple random sample. They decide they can afford to test 100 chips from each lot. You are hired as their statistician.

There is a tradeoff between the cost of eroneously discarding a good lot, and the cost of warranty claims if a bad lot is sold. The next few problems refer to this scenario.

Problem 8. (Continues previous problem.) A type I error occurs if (Q12)

Problem 9. (Continues previous problem.) A type II error occurs if (Q13)

Problem 10. (Continues previous problem.) Under the null hypothesis, the number of defective chips in a simple random sample of size 100 has a (Q14) distribution, with parameters (Q15)

Problem 11. (Continues previous problem.) To have a chance of at most 2% of discarding a lot given that the lot is good, the test should reject if the number of defectives in the sample of size 100 is greater than or equal to (Q16)

Problem 12. (Continues previous problem.) In that case, the chance of rejecting the lot if it really has 50 defective chips is (Q17)

Problem 13. (Continues previous problem.) In the long run, the fraction of lots with 7 defectives that will get discarded erroneously by this test is (Q18)

Problem 14. (Continues previous problem.) The smallest number of defectives in the lot for which this test has at least a 98% chance of correctly detecting that the lot was bad is (Q19)

(Continues previous problem.) Suppose that whether or not a lot is good is random, that the long-run fraction of lots that are good is 95%, and that whether each lot is good is independent of whether any other lot or lots are good. Assume that the sample drawn from a lot is independent of whether the lot is good or bad. To simplify the problem even more, assume that good lots contain exactly 7 defective chips, and that bad lots contain exactly 50 defective chips.

Problem 15. (Continues previous problem.) The number of lots the manufacturer has to produce to get one good lot that is not rejected by the test has a (Q20) distribution, with parameters (Q21)

Problem 16. (Continues previous problem.) The expected number of lots the manufacturer must make to get one good lot that is not rejected by the test is (Q22)

Problem 17. (Continues previous problem.) With this test and this mix of good and bad lots, among the lots that pass the test, the long-run fraction of lots that are actually bad is (Q23)

7 0
2 years ago
Johnson, Inc. a builder enters into an agreement to construct a commercial building in a residential area in violation of zoning
lubasha [3.4K]

None of the alternatives are correct.

Explanation:

When a builder enters into an agreement to construct a commercial building in the residential areas that violates the laws , as a result the government stops construction. If such a scenario occurs the workers will not be paid as the construction process has stopped, so no productivity will take place and thus the workers will have to face the scenario.

While signing a contract the contractor must have proper knowledge regarding the property. Otherwise the workers will not be able to earn their daily wage.

7 0
3 years ago
. Assume you are participating in your employer's direct deposit program. On payday, the employer deposits your ________ into yo
Tems11 [23]
On pay day, the employer deposits your NET SALARY into your bank account.
Direct deposit program is a salary payment program in which an employer works together with the bank to deposit the employees salary directly into their accounts on the pay day of each month.
7 0
3 years ago
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