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Nataly_w [17]
3 years ago
9

Suppose a nation opened its borders to the free flow of workers from other nations. how would this event likely affect the long-

run aggregate supply (lras) curve and the production possibilities curve of the nation?
a) the (lras) curve would shift to the right, and the production possibilities curve would not shift.
b) both curves would shift to the right.
c) neither curve would shift.
d) both curves would shift to the left.
e) the (lras) curve would shift to the left, and the production possibilities curve would shift to the right.
Business
1 answer:
OverLord2011 [107]3 years ago
5 0

Answer:

B) both curves would shift to the right.

Explanation:

The long-run aggregate supply (LRAS) curve will shift to the right because the production costs will decrease, increasing total production output and lowering prices.

The production possibilities frontier (PPF) will also shift to the right because more production output increases total supply, and that increases the production possibilities of the country.

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Nadiya, your classmate, is struggling to keep up with class. Last week, she told you that she even thought about cheating on a t
FinnZ [79.3K]

Answer:

fundamental attribution error.

Explanation:

This theory in sociology also called the attribution effect states that people tend to over-attribute behavior of others to internal causes or traits.

The Professor makes this "fundamental attribution error" by failing to consider Nadiya's situation; meaning the situational information was insufficiently taken into account before reaching a conclusion (Probably Nadiya is under emotional distresse maybe she's grieving the death of her Farther).

3 0
3 years ago
Shivers Ice Cream Company estimates its factory overhead costs to be $35,000 and machine hours to be 5,000 for the year.
k0ka [10]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Estimated factory overhead costs= $35,000

Estimated machine hours= 5,000

The actual hours worked on Jobs 333 and Jobs 334 total 4,980 and actual factory overhead costs are $34,700,

First, we need to calculate the estimated overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 35,000/5,000= $7 per machine hour

Now, we can allocate overhead based on actual machine hours:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 7*4,980= $34,860

Finally, we determine the over/under allocation:

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 34,700 - 34,860

Under/over applied overhead= $160 overallocated

3 0
3 years ago
Calin Corporation has total current assets of $617,000, total current liabilities of $233,000, total stockholders’ equity of $1,
Otrada [13]

Answer:

Working capital = Current assets - Current liabilities

                          = $617,000 - $233,000

                          = $384,000

Explanation:

Working capital refers to current assets minus current liabilities. It is the capital available for day to day running of a business.

7 0
3 years ago
Read 2 more answers
Which of the following describes the function of geodemographic segmentation? It determines the type of lifestyles that consumer
Svet_ta [14]

Answer: <u><em> It identifies the specific households in a market by focusing on local neighborhood areas and creates classifications of neighborhoods where people live and shop</em></u>.

Explanation:

Geo-demographic segmentation is a classification technique used in marketing to discover whether the entity of a population fall into different groups by making comparing various characteristics with certain assumption.  

Geo-demographic segmentation is based on principles such as:

People who live in the same neighborhood have similar characteristics.  

Neighborhoods can be classified in terms of the characteristics of the population.

4 0
3 years ago
Suppose that the price of basketball tickets at your college is determined by market forces. Currently, the demand and supply sc
belka [17]

Answer:

a) see attached graph. There is nothing unusual with the supply curve, it is simply fixed. This happens to most services, e.g. there is a fixed number of hotel rooms available for rent, in the short run you cannot add more rooms per night if the demand increases. In order to increase the quantity supplied, you would need to build a larger hotel, or in this case, a larger stadium.

b) the equilibrium price is $8 and the equilibrium quantity is 8,000 tickets

c) if the college plans to increase enrollment, the demand might increase, leading to a higher equilibrium price, but the supply will remain the same until the stadium is expanded.

Explanation:

Price              Quantity Demanded (Qd)          Quantity Supplied (Qs)

$4                            10,000                                        8,000

$8                             8,000                                        8,000

$12                            6,000                                        8,000

$16                            4,000                                        8,000

$20                           2,000                                        8,000

3 0
2 years ago
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