Answer:
The correct answer is a. a waste of available labor.
Explanation:
Productive efficiency (also known as technical efficiency) occurs when the economy is using all its resources efficiently, producing maximum production with minimum resources. The concept is illustrated in the Production Opportunity Frontier (FPP) in which all points of the curve are the points of maximum productive efficiency (that is, no more products can be achieved from the present resources).
This happens when the production of an economic good is achieved at the lowest possible cost, given the production of another good (s). In other words, when it is achieved, given the need to produce other goods, the highest possible productivity of a good. In a situation of long-term equilibrium for markets in perfect competition, it is where the average cost is the base on the average of the total cost curve, that is, the cost curve where CM = A (T) C.
The best thing that Marla should do in this type of problem is letter d, investigate the market. It is because in doing business especially to the field that she is going to take on, it is best to assess and evaluate the decision and the outcome of it. It is best to make sure if she could benefit from it and could be a potential as she runs the business.
The global economy of the 21st century can be summarized as: <span>an economic system that is more favorable for international business. Trade and imports are at an all time high, especially into the United States from places like China, Japan, and Hong Kong.</span>
Answer:
When the buyer proves his creditworthiness
Explanation:
In simple words, the creditworthiness refers to the ability of a borrower to pay back the loan to the lender at the specified time and interest. While taking loan form a financial institution the home buyer first have to prove that he or she is able to pay back the loan taken.
Thus, from the above we can conclude that the correct option is A.
International Trade Administration provides <u>a means to help US business compete in the global marketplace.</u>
Explanation:
International Trade Association constitutes an agency under the US Dept of Commerce and was formed in 1980. It is tasked with promoting export of non-Agri services and goods to the outside market.
Other objectives of ITA include providing information to Americans to help them select markets, ensuring them access to international markets and protecting them from unfair competition from dumping and cheap imports.
ITA as a bureaucratic organisation consists of 3 sub-units. These include Industry & Analysis, Enforcement & Compliance and Global Markets
