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Alex787 [66]
2 years ago
9

If the United States could produce five televisions per hour of labor and China could produce three televisions per hour of labo

r, would it necessarily follow that the United States should specialize in television production? Why or why not?
Business
1 answer:
IRISSAK [1]2 years ago
7 0

Answer:

US specialisation in TV can be stated on the basis of Absolute Advantage, not comparative advantage.

Explanation:

Absolute Advantage is when a country can produce more output per input of a commodity, than other country.

Comparative Advantage is when a country can produce a good at lower opportunity cost (in terms of other sacrifised)

China can produce more (ie 5 units television) per hour employed, compared to US able to produce lesser (3 units) in the same time. So, on the basis of Absolute Advantage, it can be stated that US should specialise in TV production.

However, since other good's details have not been given. So, we cannot attain the relative opportunity costs. Hence, specialisation on the basis of comparative advantage can't be stated.

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Which statement is correct?
Allisa [31]

Answer: (C)  The production of non durable consumer goods is more stable than the production of durable consumer goods over the business cycle.

Explanation:

 The consumer durability of the goods has the significant life span and the production of the non durable goods of the consumer are basically purchased for the immediate consumption over the business cycle so that is why it is more stable as compared to the production of the durable goods.

The example of the durable consumer goods are smartphones, furniture and the other household appliances. On the other hand, the non durable consumer goods are more stable as it contain daily use material like food, clothes and beverages.  

4 0
3 years ago
At a growth (interest) rate of 8 percent annually, how long will it take for a sum to double? To triple? Use Appendix A for an a
Yanka [14]

Answer:

n =   ㏒ P ÷ ㏒ (1.08)

Explanation:

Compound interest rate

A = P × (1 + r)^{n}

where

P = principal amount (the initial amount you borrow or deposit)

r  = annual rate of interest (as a decimal)

A = amount of money accumulated after n years, including interest.

n  =  number of years

Since we want the principle amount to double i.e., A = 2P

put this in above equation

2P = P × (1 + r)^{n}

divide both sides by P, we get

P = (1 + r)^{n}

put r = 0.08

P = (1 + 0.08)^{n}

P = (1 .08)^{n}

Taking log on both sides

㏒ P =㏒ (1 .08)^{n}

㏒ P = n ㏒ (1.08)

n =   ㏒ P ÷ ㏒ (1.08)

8 0
3 years ago
E10-12 The following are selected 2017 transactions of Pedigo Corporation.
kap26 [50]

Entries are given.

DATE                 ACCOUNT TITLES                          DEBIT          CREDIT

Dec 31,2019       No entry                                                0                    

                                  No entry

                         (Considering that goodwill has an                               0

                         infinite existence, goodwill should

                         not be amortised.)

Dec 31, 2019      Patent Amortization                           $10,000

                           [$75,000×(1/5)×(8/12)] patents

                          (To record patent amortizations for                    $10,000

                           8 months)

To know more about Entries:

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6 0
1 year ago
How do future expectations of an improving economy affect aggregate demand
Vanyuwa [196]

Answer:

Increase the aggregate demand. This means, that the total demand for goods and services within a particular market will increase

Explanation:

The future expectations of an improving economy increase the aggregate demand. This means, that the total demand for goods and services within a particular market will increase as there is more trust in the market.

The rise in the income is another important factor for the aggregate demand to increase. With improving expectations the consumers will think that they income will improve and therefore their consumption levels.

3 0
3 years ago
Ramiro has written a long paragraph that describes the two main causes of employee absenteeism. Ideally, how many paragraphs doe
djyliett [7]

In such a material, the number of paragraphs that Ramiro needs in order to be able to cover  a material of this sort is 4.

<h3>What is a paragraph?</h3>

This can be explained to be a section or a part of writing that is usually made up of a particular theme.

Paragraphs are usually created through the use of new spaced lines and indentation in research and other forms of writings.

Read more on paragraphs here:

brainly.com/question/1205541

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7 0
2 years ago
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