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Anika [276]
3 years ago
10

Label the following statements as True or False.

Business
1 answer:
kumpel [21]3 years ago
6 0

Answer:

1. All else equal, countries with more natural resources have a higher GDP per capita than those with few natural resources. - True

All else being equal (ceteris paribus), if a country is endowed with more natural resources, it will have a higher GDP per capita than a country with less natural resources, because it will be able to trade and transform those natural resources for a lower cost, allowing it to produce more goods and services.

2. Over the past two hundred years, improvements in productivity have offset lost productivity reduction due to less land being available. - True

This statement is true. In the modern-era, thanks to the green revolution, and other technological improvements, more food can be produced in less land. Many analysts coincide that if the green revolution had not come about, humanity would have been subject to permanent famine.

3. The key to prosperity in the 20th century is an economy rich in natural resources. - False

The key to prosperity in the 20th century is simply producing more goods and services, and human capital has been seen as a more important factor for this than natural resources. For example, countries that are poor in natural resources and are rich such as Japan and South Korea, are so because they have very well-educated populations that produce high quality goods and services.

4. Human and physical capital are only beneficial to an economy when there is an abundance of natural resources in the economy. - False

Human and physical capital can benefit an economy even in the absence of natural resources, because natural resources can be imported. Again, the example of Japan works because the island nation is poor in natural resources, but rich in human capital, and not so deprived of physical capital, and has managed to become a developed nation by highly compex finished goods for natural resources.

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What term is used to describe spread-out or low-density development beyond the edge of services and employment
Zolol [24]

Answer:

Sprawl

Explanation:

Sprawl can be defined as the situation where an urban settlement expands into nearby country area at the edge of a city .

Factors that lead to sprawl are population and income growth, low cost of living , road network , unlimited use of auto, etc.

Urban sprawl is characterized by uncoordinated , haphazard,and poorly planned urban development. If not properly managed , these could lead to poor environmental conditions like air pollution ,ground level smog and car traffic.

4 0
3 years ago
Roth Service Co. experienced the following transactions for 2018, its first year of operations: Provided $80,000 of services on
Stels [109]

Answer and Explanation:

a. The preparation of income statement is shown below:-

                               Income Statement

Service revenue                               $80,000

operating expenses  

Salary expenses           $28,000

Uncollectible accounts

expense                        $3,273

Total operating expense                   $31,273

Net income                                         $48,727

Working Note :-

Days       Amount     Percentage     Allowance balance

Current   $16,800       0.01                  $168

0-30         $5,100        0.05                 $255

31-60       $4,000        0.10                  $400

61-90       $2,000        0.30                 $600

Over 90

days         $3,700       0.50                  $1,850

Total        $31,600                                $3,273

b. The computation of net realizable value of the accounts receivable is shown below:-

Net realizable value = Accounts receivable - Allowance for doubtful accounts

= ($80,000 - $48,400) - $3,273

= $31,600 - $3,273

= $28,327

4 0
2 years ago
If a customer buys 1 xyz aug 50 put at 1 and sells 1 xyz aug 65 put at 10 when xyz is at 58, the maximum potential gain is?
Olenka [21]

If a client buys 1 XYZ Aug 50 put at 1, and deals 1 XYZ Aug 65 put at 10 when XYZ is at 58, the greatest potential gain is 900.

<h3>The Formula and Calculation of Time Value</h3>

The instructions below show that time value is derived by removing an option's intrinsic value from the option bonus. In other words, the time worth is what's left of the premium after calculating the profitability between the strike expense and the stock's price in the market.

The maximum gain on any distinction spread is the net credit. In this issue, $1,000 was received and $100 paid out, so the net recognition is $900.

To learn more about potential gain visit the link

brainly.com/question/15584302

#SPJ4

3 0
1 year ago
The goal of utility maximization is to allocate your ______ in order to maximize your ______.
inn [45]
<span>The goal of utility maximization is to allocate your resources in order to maximize your satisfaction.
Utility maximization is a concept which is used in the economics which explains that when a person is making a decision to purchase anything, he/she prefer to get the greatest value that is possible but at the least amount of money.
</span>
5 0
3 years ago
________ refers to the total value of all the exports and imports of the world's nations.
Musya8 [376]
<span>World trade refers to the total value of all the exports and imports of the world's nations.</span>
3 0
3 years ago
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