Assume the United States can use a given amount of its resources to produce either 20 airplanes or 8 automobiles and Japan can employ the same amount of its resources to produce either 20 airplanes or 10 automobiles. The U.S. should specialize in airplanes.
Answer: Option D
<u>Explanation:</u>
The resources which are used to produce goods are available in limited amount in the economy. But these resources can be used for alternative purposes and producing various goods. So the producers should focus on the optimum utilization of the resources.
The United States of America can produce 20 airplanes with that amount of the resources, so it should specialist in producing air planes and not on the production of the auto mobiles. Because it can produce only 8 automobiles.
According to Michael Kremer, large populations c. are a prerequisite for technological advances and higher living standards.
<h3>Who is Michael Kremer?</h3>
Michael Kremer is an American development economist and a Nobel Prize winner for developing an innovative economic theory for poverty alleviation, especially in large populations.
Michael Kremer did not think that large populations disadvantaged the nation, but it could be a factor in increasing the living standards through technological advances.
Thus, according to Michael Kremer, large populations c. are a prerequisite for technological advances and higher living standards.
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Decentralization organization? I think that is the answer.
Answer:
a) Decrease LRAS
b) Decrease LRAS
c) Increase AD
d) Increase AD
Explanation:
steel workers go on strike so less steel is produced : this will cause a decrease in the log run aggregate supply of steel in the economy
A tornado destroys factories in Louisiana.: this will cause a decrease in the log run supply of factory products and by-products in the economy
Consumer optimism increases.leads to an increase in the aggregate demand curve
The stock market rallies to 52-week highs increasing consumer wealth. this will definitely lead to an increase in the aggregate demand curve because with more money to spend the demand curve will increase
<u>Answer: </u>Tell and Listen method of appraisal is used in the above mentioned scenario.
<u>Explanation:</u>
In tell and listen method of appraisal the evaluation of the employees is communicated to them at first. The superior in hierarchy does the appraisal where the superior gives the feedback on the performance at first which includes the strengths and weakness.
Then the employee is allowed to respond to the evaluation. The employee can express his feelings after receiving the evaluation whether he is happy or not. The employees have right to vent their feelings even its frustration.
