Answer:
b. accounts for a significant portion of the U.S.'s economic output
Explanation:
- The U.S economy is an economy where the main economic activity is the provision of the services rather than the manufacturing of goods and based on the growth of the services. And it accounts for a large shares of the U.S economic output of trade and commerce.
Answer:
False
Explanation:
An economic agent should specialise in the production of the good for which it has a comparative advantage in its production.
An economic agent has a comparative advantage in production if it produces at a lower opportunity cost when compared with other economic agents.
Anne's opportunity cost in pie production = 4/3=1.33
Anne's opportunity cost in shirt production = 3/4 = 0.75
Mary's opportunity cost in pie production = 5/2 = 2.5
Mary's opportunity cost in shirt production = 2/5 = 0.4
Anne has a comparative advantage in the production of pies and Mary has a comparative advantage in the production of shirts.
Anne should specialise in pie production and Mary should specialise in shirt production.
I hope my answer helps you
did you ever get the right answers if not
2 is D
3, is engineer and financial analyst
4 is educator nd lawyer
Answer:
Facilitating functions
Explanation:
Facilitating functions are those in a business activity that helps make the exchange and physical processes run smoothly.
They do not involve direct exchange of title of products or physical handing of goods.
For example the activities of marketers of a product results in easy sale of the product by the manufacturer.
Also activities like financing, market research, and risk taking are all facilitating activities that make a business run smoother
Answer:
B. Both of these techniques can be used to increase the demand for the product.
Explanation:
A catchy brand name and adequate marketing of a product plays a vital role in the relative demand of that product. Coca cola for example has properly advertised its products for decades now and when one thinks of beverage, you think Coke. It's been embedded in ones mind and that is the advantage of proper advertising and proper brand naming.
