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3 years ago

Jake considers himself to be a follower of Thomas Malthus. Which of the following statements would Jake be most likely to make?

Business

1 answer:

Ber [7]3 years ago

3 0

Answer:

Explanation:

The Malthus theory states that population should be controlled because there are no enough resources to please the future needs. This is how it works: in the short-run there is a change in technology that leads to an increase in income. Because people have more income, better life standards, the birth rate increases and exceeds the death rate. In the long-run total income would have to be distributed between more people than before and the economy reaches the equilibrium again, in which the birth rate equals the death rate.

In other words, econmic success becomes a reproductive success.

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2 years ago

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2 years ago

Many people think that marketing and advertising are one and the same. While advertising is indeed part of marketing, it is only

Katen [24]

Answer: Option B

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3 years ago

The Assembly Department had 4,900 units of beginning inventory in September, and 5,700 units were transferred to it from the Cu

11Alexandr11 [23.1K]

Answer:

Explanation:

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3 years ago

Suppose the following table displays the production levels of capital goods and consumption goods of the towns of Broseley and I

aalyn [17]

Answer:

d. a comparative advantage in capital goods.

Explanation:

I'm not sure how these numbers should go, but I think it should be:

Capital Goods Consumption Goods

Ironbridge 32 40

Broseley 40 80

Ironbridge's opportunity cost to produce 1 capital good = 40 / 32 = <u>1.25</u> consumption goods

Ironbridge's opportunity cost to produce 1 consumption good = 32 / 40 = 0.8 capital goods

Broseley's opportunity cost to produce 1 capital good = 80 / 40 = 2 consumption goods

Broseley's opportunity cost to produce 1 consumption good = 40 / 80 = <u>0.5</u> capital goods

Ironbridge has a comparative advantage int he production of capital goods (lower opportunity cost) while Broseley has a comparative advantage in the production of consumption goods.

Opportunity costs refers tot he extra costs or benefits lost resulting from choosing one activity or investment over another alternative. In this case,, if Ironbridge wants to produce 1 capital good, it will have to forego 1.25 consumption goods.

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3 years ago