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2 years ago

Which of the following is the BEST example of a product market transaction?

Business

1 answer:

chubhunter [2.5K]2 years ago

4 0

Answer:

_________________________________________________________________________________________________________________________________________________________-h___________________________________________________________so the only possible answer would be_______________________________

Explanation:

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Consider the economies of Hermes and Gobbledigook, both of which produce gobs of goo using only tools and workers. Suppose that,

enyata [817]

Answer:

Hermes

Productivity (Gobs per worker)

2016 100

2036 120

Gobbledigook

Productivity

(Gobs per worker)

2016 80

2036 120

Initially, the number of tools per worker was higher in Hermes than in Gobbledigook. From 2016 to 2036, capital per worker rises by 4 units in each country. The 4-unit change in capital per worker causes productivity in Hermes to rise by a SMALLER amount than productivity in Gobbledigook. This illustrates the effect OF CATCH UP which makes it POSSIBLE for countries with low output to catch up to those with higher output.

Explanation:

Hermes

Year Physical Capital Labor Force Output Productivity

(Tools per worker) (Workers) (Gobs of goo) (Gobs per worker)

2016 11 30 3,000 3,000/30=100

2036 15 30 3,600 3,600/30=120

Gobbledigook

Year Physical Capital Labor Force Output Productivity

(Tools per worker) (Workers) (Gobs of goo) (Gobs per worker)

2016 8 30 2,400 2,400/30=80

2036 12 30 3,600 3,600/30=120

Initially, the number of tools per worker was higher in Hermes than in Gobbledigook. From 2016 to 2036, capital per worker rises by 4 units in each country. The 4-unit change in capital per worker causes productivity in Hermes to rise by a SMALLER amount than productivity in Gobbledigook. This illustrates the effect of CATCH UP which makes it POSSIBLE for countries with low output to catch up to those with higher output.

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3 years ago

Aiden just landed a new full time job with a great salary. He currently lives in Virginia, but his new job is in Oregon. One of

olasank [31]

Answer:

<u>benefit</u> in terms of monetary assistance for relocating as there will be huge cost incurred by Aiden in relocation, as this is also important to relocate as the distance is too much that daily travelling is not possible, and for him Oregon is a new city and finding an accommodation is itself challenging therefore, when company at-least reimburses such cost of relocation it turns easy and removes a burden for relocation. Further this cannot be considered as wage or perk as this is not regular in nature and will not occur permanently.

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3 years ago

Omar is setting up his company in quickbooks and selects the accrual basis of accounting. how will his business record income an

algol [13]

Omar is setting up his company in QuickBooks and selects the accrual basis of accounting. income is recorded when sales are made; expenses are recorded when incurred while his business record income and expenses.

Accrual accounting is a method of accounting in which revenue or expense is recognized when a transaction occurs, rather than when payment is made. This method follows the matching principle that income and expenses should be recorded in the same period.

Basic knowledge of debits and credits and what goes on behind the scenes. To use a QuickBooks backup file, you must restore it first. All commands accessible from the home page can also be found in the menu bar.

Learn more about QuickBooks at

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2 years ago

There will be a higher equilibrium price and lower quantity if _____.

Naddik [55]

Answer:

Supply increase and demand decreases

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3 years ago

With milk sales sagging of late, The Milk Processor Education Program (MPEP) decided to move on from the famous "Got Milk" ad sl

aniked [119]

Answer:

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Explanation:

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3 years ago