Answer:
Understates
Explanation:
The difference between the real GDP per capita in 1890 and the real GDP per capita today understates the difference in the population's economic well-being because although it is a given that the higher the GDP is higher the standard of well-being of the population, <u>however the understatement comes from the fact that GDP has a short-coming of failing to include the value of leisure time.</u>
<u>GDP includes exchanges of value. for example if you employ a maid to take care of house chores and pay the maid, that is an exchange of value and will be captured by GDP but will not be captured if you do it yourself, and there are a lot more people doing things themselves today and the population is far more than in 1890</u>
Answer:
The correct answer is C: likely that a court will allow the rescission based on a mistake of fact.
Explanation:
Brian was not aware of that fact that the horse is incapable of breeding at the point he buys it, but Larson assures Brian the horse is healthy. In this light, if Brian sues to cancel the contract with Larson, the court will allow it based on a mistake of fact. This way the court will reduce any civil liability or criminal culpability because Larson might not know that the horse cannot breed, although he is certain that the horse is healthy.
Answer:
Australia - <em>Shift Australia's production function upward, create a movement up along the production function as the full-employment quantity of labor increases, and increase potential GDP</em>
United States - <em>Will not change potential GDP as production happens in Australia</em>
Explanation:
Australia's production potential will rise which will be depicted by a shift upwards in the Production Possibilities Frontier (PPF) thereby leading to an increase in the full employment quality of labor and potential GDP for Australia.
As the production is happening in Australia, it will not affect potential GDP in the US.
Answer:
The correct answer would be, This scenario illustrates Luke's competency in Critical Evaluation.
Explanation:
When you critically evaluate a situation or scenario, and then make suggestions for that, it is called as Critical Evaluation. In this question, Luke monitors the trends of labor market in the industry and realizes the need of employees who must be skilled in Robotics. He realizes that his company is going to need Skilled employees in Robotics. He gathers information about the best robotic training programs in the region where the company operates. He then searched for best schools who provide training on such programs. He is basically critically evaluating the need of his business in the coming months or years and he is planning for that in advance by looking at all options and selecting the best before the need becomes serious. So Luke is using his Critical Evaluation Competency in this situation.
Answer:
team interviews.
Explanation:
According to my research on different business strategies, I can say that based on the information provided within the question In this case, it would be wise to use team interviews. By using this technique for interviewing candidates, every section boss can get to know the candidate and decide in which section of the organization they would best fit in.
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