Answer:
have a higher labor-to-land ratio than its imports from Honduras
Explanation:
The factor proportions theory (or Heckscher-Ohlin model) of trade states that countries will export the goods which they can produce using their abundant factors of production. For example, countries like Japan that have abundance of labor force and capital, but very little land, will produce and export industrial goods that require a lot of labor and capital. On the other hand, countries like Argentina which have abundant labor and land, will export agricultural products.
in this case, El Salvador compared to Honduras has abundant labor, so the products that El Salvador exports to Honduras will have a higher labor-to-land due to the abundance of labor.
Financial and economic stability is controlled and enforced by the European Central Bank (ECB).
<u>Explanation:
</u>
The main goal is to control markets and to promote economic growth as well as the development of jobs.
Specifies the inflation it loans to the Euro-zone financial institutions, thus regulating money supply and prices.
- Managed financial assets of the euro and the sales and acquisition of assets to align market prices.
- Secure the European financial framework and maintain its sustainability.
- Controlling market trends and assessing controlling inflation threats.
- Authorizes Euro coin manufacturing by Euro area countries.
Answer:
$500
Explanation:
2012 Income Statement
Revenue $2,000
<u>Expenses</u>
Wages incurred and paid $500
Salaries $400
Interest on bank loans <u>$600</u> <u>$1,500</u>
Net Income <u>$500 </u>
So, the amount of $500 will be shown as Net Income on the 2012 Income Statement.
Answer:
The objective function is to minimize cost thru use of linear programming
Explanation:
A craftsman named William Barnes builds two kinds of birdhouses, one for wrens and a second for bluebirds. Each wren birdhouse takes 4 hours of labor and 4 units of lumber. Each bluebird house requires 2 hours of labor and 12 units of lumber. The craftsman has available 72 hours of labor and 120 units of lumber. Wren houses yield a profit of $ 10 each and bluebird houses yield a profit of $ 15 each. The aim of the objective function for William should be to ▼ Minimize Maximize the objective value.
The objective function is to minimize cost thru use of linear programming
