Answer:
N. Most countries have had little fluctuation around their average growth rates during the past 120 years.
Explanation:
" Both measures reveal the same thing: between 1960 and the late-1990s, there was a widening of the world income distribution, at least when each country is a unit of observation. In the last decade or so, this pattern seems to have stabilized"
Reference: Jones, C. I. (2016). The facts of economic growth. In Handbook of macroeconomics (Vol. 2, pp. 3-69). Elsevier. p. 37
Answer: joint venture agreement
Explanation:
To enter the Chinese market, General Motors entered a joint venture agreement with the local company SAIC.
A joint venture is when two or more companies come together utilizing their skills and pooling their resources together so that they can achieve a particular aim
Here, both company pooled their resources together and they both own about 50% of the new company.
Answer:
a.country a has a lower opportunity cost for producing televisions.
Explanation:
Central to the theory of comparative advantage is opportunity cost, opportunity cost is the gain an individual, firm, or government will have to forgo when they choose an option instead of another.
In economics, comparative advantage is achieved when a country can produce goods or services at a lower opportunity cost than others.
The theory of comparative advantage was propounded by David Ricardo in his book 'The Principles of Political Economy and Taxation' (1817).
Therefore country a has comparative advantage in the production of television over country b, if country a has a lower opportunity cost for producing televisions compared to b.
Operations describes the processes and resources that you use to produce the highest quality products or services as efficiently as possible. Business operations typically include four key areas: ... Labor:
An <u>ideal standard</u> refers to the quantity of material needed if the process is 100% efficient without any waste or loss.
Ideal standards are the optimum levels of performance under perfect operating conditions. It means that ideal standards are achieved only under perfect operating conditions, such as no materials spoilage, no idle time, no machine breakdowns, and no employee strikes. When ideal standards are set, it is supposed that all systems work at 100% efficiency that is employees work at the highest productivity, machines never malfunction, and material supply disruptions never take place.
You can learn more about ideal standard at
brainly.com/question/15088002
#SPJ4