Question:
If Korea is capable of producing either shoes or soccer balls or some combination of the two then a. Korea should specialize in the product in which it has an absolute advantage.
b. It would be impossible for Korea to have an absolute advantage over another country in both products.
c. Korea is efficient in the production of both goods.
d. Korea's opportunity cost of shoes is the inverse of its opportunity cost of soccer balls.
Answer:
d. Korea's opportunity cost of shoes is the inverse of its opportunity cost of soccer balls.
Explanation:
Opportunity cost is defined as the cost of choosing or picking particular option or alternative over another option or alternative.
In question, we are told that Korea is capable of producing either shoes or soccer balls or some combination of the two.
Therefore Korea would have to make a list of priorities also know as alternatives or options, to decide if
a. they would produce shoes,
b. or soccer balls
c. or a combination of both shoes or soccer balls.
This process described here is the process of Opportunity cost. Korea would then weigh their options and choose which is better for them either based on profit or any other reason.
Hence, Korea's opportunity cost of shoes is the inverse of its opportunity cost of soccer balls.
Answer:
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Explanation:
Answer:
Answer: Yes, There is a linear correlation between the weights of the bears and their chest sizes because the absolute value of the test statistics 0.961 exceeds the critical value
Explanation:
Claim: There is a linear correlation between the weights of the bears and their chest sizes
Null hypothesis, H₀ : p=0 (there is no significant correlation)
Alternative hypothesis, H₁ : p ≠0 (there is no significant correlation)
Level of significance, α = 0.05
Decision rule: Reject H₀ if robserved ≥ rcritical
Sample correlation coefficient r = robserved = 0.961
Yes, There is a linear correlation between the weights of the bears and their chest sizes because the absolute value of the test statistics 0.961 exceeds the critical value
The monthly rate of appreciation is 1.50%.
Appreciation may be used to refer to growth in any sort of asset, along with inventory, bond, currency, or actual property. For instance, the term capital appreciation refers to a growth in the fee of economic belongings which includes stocks, which could arise for motives such as advanced financial overall performance of the enterprise.
It is a phrase normally said to any other individual because they trust that they deserve reputation and reward. Pronouncing that you recognize a person in a manner to present your time, difficult work, or energy to the person you need to apprehend.
Being preferred is a way to experience that we are important to others; we make a difference in their lives. We are valued — or maybe loved. it's far validating and meaningful to pay attention that what we've completed something component appropriate or that who we are is appreciated. As humans, we long for connection.
Learn more about appreciation here brainly.com/question/1833440
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