Answer:
Ur answer is that When the U.S. dollar is undervalued, the cost of a basket of goods in the United States is lower than the cost in Mexico when evaluated at the current exchange rate. To a U.S. tourist, Mexican goods and services would seem more expensive on average. Thus an undervalued currency will buy less in other countries.
Explanation:
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6,700(1+0.052)^x that’s your formula, you will only have to plug in 3 into x to find how much you saved.
Explanation:
So what would happen is that means America and other country's or states would not get the items they need. Mostly everything that comes from china goes to America. Even though Corona virus has stopped us from shipping people or items, we can't do it. The cost would definitely go down and workers for the Chinese government would not want to work since there doing a hard job but so little money.
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Productive efficiency focuses on the cost of production while allocative efficiency focuses on the distribution of the products.
In economics, the efficiency or productivity of a business is classified into two types:
- Productive efficiency.
- Allocative efficiency.
These two types of efficiency focus on different aspects of production and selling goods and services.
Productive efficiency: This type implies producing goods at the lowest cost possible. This means:
- Avoiding unnecessary costs.
- Controlling costs when the number of units increases.
Allocative efficiency: This type implies selling or allocating the products in society. This means:
- Considering the maximum amount the customer can pay for a product (marginal benefit).
- Making the cost of production equal to the marginal benefit.
Note: This question is incomplete because the statements that need to be classified are not provided; due to this, I answered the question based on general knowledge.
Learn more in: brainly.com/question/3886960
"A copywriter at an ad agency writes detailed copy for Internet advertisements. It is an intense, grueling job—the copywriter usually writes copy for up to 50 ads a day. Although he received little feedback, he feels pride in his work and continues to be motivated to do a good job."
"An environmental engineer working for a solar panel company runs experiments determining the capacity of smaller solar panels made out of different types of materials. She submits her results to her supervisor along with her opinion on the economic value of each type of panel but is not informed if her work results in products that are successfully sold in the market."
These employee behavior confirm the theories of Elton Mayo
To know more about Elton Mayo click below:
brainly.com/question/18636366
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