It is a true statement that a deforestation can significantly reduce the amount of water vapor in the atmosphere
<h3>What is a Deforestation?</h3>
It refers to the purposeful clearing of forested land. The forests can be razed to make space for agriculture and animal grazing and to obtain wood for fuel, manufacturing, and construction.
Hence, the deforestation reduces the amount of transpiration and can significantly reduce the amount of water vapor in the atmosphere because each time chemical energy is passed from one trophic level to another, most of the energy is lost as heat.
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Answer:
$94,000
Explanation:
A local hardware store has explicit cost of $2 million per year
The implicit costs are $44,000 per year
The store earned an economic profit of $50,000 last year
Therefore, the store's accounting profit can be calculated as follows
Accounting profit = Implicit costs + economic profit
= $44,000 + $50,000
= $94,000
Hence the store's accounting profit is $94,000
Answer:
Higher unemployment, lower wage share of output, and higher Gini coefficient in the long run.
Explanation:
Since less labor will be used, total unemployment will increase. Besides less labor being used, more capital will be used, so the share of labor in total output will decrease. Labor efficiency increases, since you need less labor to produce the same or even a larger amount of output.
New technologies tend to increase the wages of high skilled labor and management. Since the Gini coefficient measures income inequality, then higher wages for a few will increase inequality.
This is an example of what is happening in the US, where highly trained labor is getting paid better every time while unskilled labor is getting paid the same as many years ago or their wage has even decreased with time. This shows how important a college education is, and the difference will only keep increasing.
Investor is the answer. Hope this helps!
