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balu736 [363]
3 years ago
6

When we compare the factors of production in wealthy and poor nations, we find: A. poor nations have plenty of land and knowledg

e, but very little labor.B. poor and wealthy nations (both) have an abundance of knowledge, it is the land that varies, with rich nations always having more.C.wealthy nations have knowledge and entrepreneurial opportunities, while poor nations are often lacking in these areas.D. wealthy nations have land and labor, while poor nations have capital and entrepreneurship
Business
1 answer:
mafiozo [28]3 years ago
6 0

Answer:

C.wealthy nations have knowledge and entrepreneurial opportunities, while poor nations are often lacking in these areas

Explanation:

Factors of production includes:

1. Land - land includes all natural resources

2. Capital - includes machinery, tools used in the production of goods and services

3. Labour - includes all human effort expended in the production of goods and services

4. Entrepreneurship - coordinates all factors of production.

Poor countries have high levels of illiteracy, so they don't have an abundance of knowledge. Poor countries are usually overpopulated, so they usually have high Quanitity of labour.

On the other hand, rich countries have high literacy levels, so, they have an abundance of knowledge.

I hope my answer helps you

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What are two assumptions pertinent to the resource-based view of competitive advantage? Group of answer choices firms are homoge
qwelly [4]

Answer:

The two assumptions are as <em>resources must also be heterogeneous and immobile.</em>

Explanation:

The two critical assumptions of Resource Based View are <em>that resources must also be heterogeneous and immobile.</em>

Heterogeneous. <em>The first assumption is that skills, capabilities and other resources that organizations possess differ from one company to another.</em>

Immobile. <em>The second assumption of RBV is that resources are not mobile and do not move from company to company, at least in short-run.</em>

6 0
3 years ago
Kearney, Inc., makes kitchen tools. Company management believes that a new model of coffee grinder would sell well at a price of
IRINA_888 [86]

Answer:

$0.15 hours per unit

Explanation:

Given that

Direct material cost = $16

Assume Direct labor cost = X

Manufacturing overheads = $18

Profit margin = 20%

Direct labor per hour cost = $28

The computation of direct labor-hour input is shown below:-

Total manufacturing cost = X + $34

Total cost of goods sold = (X + $34) × 1.7 = $66

Direct labor cost per unit

= (X + $34) = $38.82

= $38.82 - $34

= $4.32

Direct labor hours per unit = Direct labor cost per unit ÷ Direct labor per hour cost

= $4.32 ÷ $28

= $0.15 hours per unit

3 0
3 years ago
Are the following statements true or false? The difference between savings and investments is that savings is money set aside fo
grigory [225]

Answer:

That statement is true.

Explanation:

Basically, You put your money in saving if you intended to use that money for future consumption. You put your money in investment if you intended to make financial gain out of it.

For example,

Let's say that you want to buy a laptop that cost $700. You only able to spend $350 per month since you have to consider other more important payment such as rent or food. So you set aside $350 for two month and purchase the laptop at the end of the second month. This is an example of saving.

In another case let's say that you put that $350 in Bonds rather than purchasing laptop. You Let that bond mature and take a 3% interest as profit. Two month later, the value of your money is increased. This is an example of an investment.

8 0
3 years ago
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The continual process by which managers actively encourage, stimulate, and support employee commitment to the company, the compa
vekshin1

Answer:

Internet marketing

Explanation:

The internet marketing is the marketing technique where the company promotes its goods and services over the internet so that it become for consumers to check out the company products at their convenient time. Also it could be accessed via mobile phones, laptops and etc.

Here in the given situation, the continuous through which managers actively motivates and support the employees so this situation represent the internet marketing

5 0
3 years ago
Which is not a determinant of demand?
barxatty [35]

B is the correct answer

Hope this helps

6 0
3 years ago
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