Answer:
The real exchange rate would result in a growth of the relative price of Chinese TVs over the price of Russian Vodka.
This is because Chinese TVs are becoming more technologically advanced, increasing both their nominal and real value, while Russian Vodka is being produced en masse, but without technological progress, decreasing both its nominal and real value.
The nominal exchange rate would result in the ruble depreciating strongly against the Yuan.
The quick growth of money supply in Russia means inflation, and this added to the loss of value of the Vodka exports, results in the decrease of nominal value for the ruble against the Yuan, which has a moderate growth in money supply (meaning moderate inflation), and benefits from the exports of a good that is appreciating (the Chinese TVs).
Explanation:
Crowdsourcing is the act of taking a job traditionally performed by a designated agent and outsourcing it to an undefined generally large group of people in the form of an open call.
Crowdsourcing involves a massive group of dispersed contributors contributing or generating items or offerings—consisting of thoughts, votes, micro-obligations, and price range—for payment or as volunteers. Present-day crowdsourcing often includes digital structures to draw and divide paintings between individuals to acquire a cumulative result. Crowdsourcing isn't always restricted to online hobbies, however, and there are numerous ancient examples of crowdsourcing. The word crowdsourcing is a portmanteau of "crowd" and "outsourcing". In assessment to outsourcing, crowdsourcing typically entails much less particular and greater public companies of members. Benefits of using crowdsourcing include reduced expenses, stepped forward velocity, improved best, extended flexibility, and/or extended scalability of the paintings, in addition to selling diversity. Crowdsourcing techniques include competitions, digital hard work markets, open online collaboration, and statistics donations.
Learn more about Crowdsourcing here
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Based on the question above, <u>demand and supply</u> will increase.
<h3>Demand</h3>
- demand is the quantity of a good that consumers are willing and able to buy at various prices during a given period of time.
<h3>Supply</h3>
- supply is the amount of a resource that firms, manufacturers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual.
Therefore, the correct answers are demand and supply.
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Answer:
b. incur the opportunity cost of ignoring the wishes of others.
Explanation:
Opportunity cost in economics is seen as the forgone cost of doing something.
So in this instance where private ownership rights are well defined, everyone knows what is his own and what belongs to others.
The opportunity cost of this will be to ignore the wishes of others. They must now consider the wishes of others.
Answer:
Cost of goods manufactured= $228,700
Explanation:
<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 25,500 + (46,000 + 75,500 - 39,500) + 100,500 + (68,500 - 11,800) - 36,000
cost of goods manufactured= $228,700
We deduct the indirect material from overhead because it is already incorporated into direct materials.
