Answer:
B. An unsold inventory of automobiles produced in that year
Explanation:
GDP is the measure of all the total value goods and services produced within the borders of a country per period. In calculating GDP, economists consider the value of finished products only. Capital goods or goods used to manufacture other products are also not included in GDP. Excluding capital and work-in-progress eliminates the chances of double counting.
The flour used in bakeries and the steel used in the production of automobiles are inputs used to make other goods; hence they will not be included in GDP calculations. Goods produced in the previous period cannot be included in the current GDP calculation as they were accounted for in the year of their production.
Answer:
B : Niche marketing
Explanation:
Niche marketing is a form of target marketing where a supplier focuses his marketing efforts towards a particularly small group. His services are usually modelled to the interest of his target market. An example is a pet furniture maker dog houses and other furniture targeted at dogs for purchase by dog lovers.
Answer:
Explanation:
The committee began its work by identifying the most significant issues confronting coastal environments. This assessment was based on the collective experience of committee members as well as perspectives gained from background documents. The recently completed Regional Marine Research Plans (see Appendix C) provided the views of scientists and environmental managers from the major coastal regions of the United States. Also, the Group of Experts on the Scientific Aspects of Marine Pollution listed the most serious problems affecting the marine environment around the world (GESAMP, 1990). Some of the issues highlighted in the committee's list have been recognized for decades. The committee believes that achieving further significant progress in addressing these issues will require joint agency efforts spanning terrestrial and coastal systems. Such efforts are needed urgently and are now possible under the aegis of the Water Subcommittee.
The committee chose issues that are characterized by their wide geographic scope (e.g., are shared by many regions of the country) and that address the problems of (1) sustainable use of resources, (2) reversibility of effects, and (3) anthropogenically mediated deterioration of coastal systems:
eutrophication,
habitat modification,
hydrologic and hydrodynamic disruption,
exploitation of resources,
toxic effects,
introduction of nonindigenous species.
The unemployment rate is 16.8%
<h3>What is the unemployment rate?</h3>
The unemployment rate is the ratio of the unemployed to the total labour force. The unemployed is made up of people who do not have a job but are actively searching for employment. The labour force consists of people between 18 to 65 years old.
The unemployment rate = (unemployed / labour force) x 100
(11,000 / 65,400) x 100 = 16.8%
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Answer: No
Explanation: The given case illustrates the marginal benefit that someone receives from employing more more unit input.
In the given case, Shoshanna employed one more worker and this resulted in greater benefit for her, but if she keeps on adding the worker there will come a stage when she will face the diminishing marginal returns.
Diminishing marginal returns refers to the stage in which adding one more unit of input will results in lesser output than before.
Hence, we can conclude that shoshanna should not continue to hire.