Answer:
movement up the U.S. production possibility frontier.
Explanation:
The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.
The PPF is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
Point outside the curve or to the right of the curve means that the production level is not attainable given the level of resources
Points inside the production possibilities curve means that the nations resources are not being fully utilised
Factors that cause the PPF to shift
1. changes in technology.
2. changes in available resources.
3. changes in the labour force.
Due to the winter, there would be a movement up along the PPF
Zappos is an online shoe and clothing shop. <span>Zappos was created and made possible by a changing business-environmental factor. This factor is technology. The new technologies (internet) enable the online sales and e-commerce. Products are sold online on web-sites.</span>
Answer:
<em>c. middle manager</em>
Explanation:
A middle manager <em>is an employee or company worker who oversees at least one managerial subordinate level and responds to a greater managerial level within the company.
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A middle manager's responsibilities usually involve executing the upper-level manager's strategic instructions at the operational level, monitoring subordinate managers and employees to guarantee the company's proper functioning.
Answer:
the cost to repair your vehicle, as well as all damage to other vehicles involved in the accident.
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, executory contract, etc.
A foreseeable damage can be defined as a any form of damage that the parties to a contract knew or took note of at the time when they were signing an agreement to the contract. Thus, it is the ability of an individual to reasonably anticipate the likelihood of damage or potential injury in a given circumstance such as an accident.
This ultimately implies that, foreseeable damages involves the ability of a reasonable individual to anticipate the potential results of his or her actions such as damage or injury to another person due to the refusal to repair a faulty car.
An example of foreseeable damages from a faulty repair of your car that led to an accident would be the cost to repair your vehicle, payment of hospital bill for the injured, including the damage to other vehicles that were involved in the car accident.
Answer:
Land, Labor, Capital and Entrepreneurship
Explanation:
Factors of production are also called 'production inputs.' They are used to produce goods and services in the country. Without them, no economic activity will proceed. They are land, capital, entrepreneurship, and labor.
- Land: It comprises of all the natural physical resources that are exploited to aid production. Examples include fertile farmland, minerals, oils and gas, and space used to put up factories and other commercial ventures.
- Labor: Refer to human input in production. It is the supply of human skills, time, and energy in facilitating production.
- Capital: Are the resources used to produce other goods and services. Capital includes physical and financial assets used to generate more products. They include machinery, equipment, factories, technology, and buildings.
- Entrepreneurship. An entrepreneur is the risk-taker in the production cycle. He invests financial resources in the business. He makes the other factors available and manages the production process.
