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Hatshy [7]
3 years ago
14

The following table shows the units of steel and personal computers a worker can produce per month in Germany and South Korea. U

se this table to answer the question.
Tons of steel Personal Computers (PC)
Germany 40 10
South Korea 16 8
Which of the following statements about absolute advantage are true?

a. Neither country has an absolute advantage in the production of either good.
b. South Korea has an absolute advantage in the production of steel while Germany has an absolute advantage in the production of PCs.
c. Germany has an absolute advantage in the production of steel while South Korea has an absolute advantage in the production of PCs.
d. South Korea has an absolute advantage in the production of both steel and PCs.
e. Germany has an absolute advantage in the production of both steel and PCs.
Business
1 answer:
ki77a [65]3 years ago
4 0

Answer:

Option E

Explanation:

Absolute advantage means that with the same input one country is able to produce more goods and services as compared to the other.

As we can see, Germany is able to produce 40 tons of steel with the same inputs as that of South Korea.

In the same way, Germany is able to produce 10 personal computers with the same inputs as that of South Korea.

Hence, Germany has an absolute advantage in the production of both steel and PCs

Option E is correct

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Answer:

B) autocratic

Explanation:

Nicola is displaying the decision-making style known as autocratic. This is because she is not asking for input or advice from employees, and instead makes the entire decision herself. Therefore, she is taking complete control over the situation by doing so and also taking full responsibility of both the situation and the possible consequences that may arise from the decision that she has made. This form of fast, controlling, action is part of an autocratic decision-making style.

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3 years ago
If demand for product "A" were forecast at 1,000,000 units for the coming year and your factory has one machine capable of produ
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Answer:

4

Explanation:

Data provided in the question

Annual demand of product A = 1,000,000 units

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So for annual the production for one week is

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= 234,000 units

Now the gap left is

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= 766,000 units

So, the similar machines would be

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= 3.27

= 4 round off

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Which statement is consistent with the law of demand?
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The law of demand states that normal goods have a higher demand at lower prices, because the demand curve is downward sloping which means that the lower the price the more of it people will be willing to buy, so a reduction in market price will mean that now more people are willing to buy that good. For eg a car normally sells $80,000 and 1000 cars are sold in a month, because of technological advances the company now sells the car for $60,000 because of this decrease in price more people will be willing to buy the car and the the monthly sales will be more than a 1,000 cars because at the price of $60,000 more people will be willing to buy this car.

Explanation:

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Desired and welcomed in various social situations

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