1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sindrei [870]
3 years ago
8

Penguin Island produces two goods: ice and genetically engineered fish. Due to recent technological advances, its economy has ex

perienced growth in both ice and fish production. Show this growth in relation to the production possibilities frontier (PPF).
Which of the following economic activities have led to an increase in the standard of living worldwide over the last century?

a. investments in education and infrastructure
b. increases in international trade
c. increases in farm productivity
d. increases in technology
Business
1 answer:
Vadim26 [7]3 years ago
4 0

Answer:

1. Point on x-axis will increase and so will the point on the y-axis

2. All of the above

Explanation:

1. The Production Possibilities Frontier shows the amount of resources needed to produce different quantities of two goods. It therefore allows one to see the trade-off in resources for producing more of one good vs the other.

When a factor of production leads to more efficiency in the production of a good, the frontier will increase. In this scenario, there has been a growth in technology which means that more of both goods can be produced. This will increase the PPF on both axis. (Refer to attached file).

2. All of the listed options have led to increases in the standard of living in the last century. More education means people can get better jobs and build more infrastructure. International trade has increased market access and increased wealth. Farm productivity is better so more people can be fed and improvement in technology is the main driver for growth.

You might be interested in
What are the four types of consumer goods?
kakasveta [241]
1. shopping products                                                                                              2. speciality products                                                                                              3. unsought products                                                                                               4.<span>Convenience products. Among the four types of consumer products, the convenience product is bought most frequently. </span>
6 0
3 years ago
Read 2 more answers
EPS (Earning Per Share) is:_____.
olchik [2.2K]

Answer:

d) dividing net profit by the number of current shares.

Explanation:

The formula to compute the earning per share is shown below:

Earning per share = (Net income - preference dividend) ÷ (Outstanding Number of shares)

Basically we divide the net income or net profit after considering the preference dividend and then divided it by the outstanding number of shares so the earning per share could come

7 0
3 years ago
Candace has just landed her first job and has the long-term goal to one day buy a house. She needs help investing some of her mo
Elza [17]

Answer:

two qualities candace should look for...

Explanation:

understanding- she should look for someone who is understanding of her money and her time, with out that the financial advisor could be very careless

communication- they should be able to communicate with her about her money if there is ever a problem, and when she has the right amount to get her goal.

6 0
3 years ago
The price of a ranchette estate is $260,000. The bank requires a 15% down payment and 3 points at the time of closing. The cost
coldgirl [10]

Answer:

Missing word<em> "and the cost of one point at the time of closing"</em>

<em />

Down payment = $260,000*15%

Down payment = $260,000*0.15

Down payment = $39,000

Amount of mortgage = $260,000 - $39,000

Amount of mortgage = $221,000

Cost of 3 point at the time of closing = 3% of amount of mortgage

Cost of 3 point at the time of closing = 3% * $221,000

Cost of 3 point at the time of closing = $6,630

8 0
3 years ago
When using horizontal differentiation, a firm divides itself into subunits based on function, type of business, or.
Vitek1552 [10]

When using horizontal differentiation, a firm divides itself into sub units based on function, type of business, or Geographic area

Horizontal Differentiation :

Horizontal differentiation refers to distinctions in products that cannot be easily evaluated in terms of quality. This stands in contrast to vertical differentiation, where the distinctions between products are objectively measurable and are based in the products' respective level of quality. Horizontally differentiated products vary only marginally, as it's more efficient for producers to try to capture as many new consumers as possible with minimal additional costs. While horizontally differentiated products tend to command similar prices at equilibrium, the lack of relationship to quality does not necessarily imply that they cost the same -- two products may be virtually identical in all considerations except for color or flavor and still be offered at totally different prices.

What is meant by geographical area?

Geographical Area means an area covering all or part of the territory of a Member State or extending to all or part of the territory of other Member States.

An area of land that can be considered as a unit for the purposes of some geographical classification.

Learn more about Horizontal differentiation :

brainly.com/question/24246700

#SPJ4

5 0
1 year ago
Other questions:
  • The preferred stock of Marble Comics pays annual dividends of ​$2 in perpetuity​ (starting in one​ year). If you buy a preferred
    13·1 answer
  • How do government taxation policies affect the economy?
    7·1 answer
  • Predetermined Overhead Rate, Overhead Application At the beginning of the year, Ilberg Company estimated the following costs: Ov
    5·1 answer
  • The strategic goal of __________ involves going after countries that offer a firm with the highest price of its products and ser
    14·1 answer
  • Suppose you take out a car loan of $10,000 with an interest rate of 12% compounded monthly. you will pay off the loan over 48 mo
    13·1 answer
  • The difference between a merger and an acquisition is: Select one: a. That a merger involves one company purchasing the assets o
    6·2 answers
  • A new transfer student joins a residential student organization on their new campus. She arrives at their first meeting and sits
    11·1 answer
  • Marketing is the process of combining the conception, pricing, promotion, and distribution of goods or services to create exchan
    15·1 answer
  • Musician Productions, a maker of musical instruments based in Michigan, is preparing to open a branch office in Paris, France. I
    5·1 answer
  • In a designed experiment, a(n) _____ measures the difference that a factor has on the response.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!