Business, 19.03.2020 23:14 andersonmm22
Suppose the only input in agriculture is time and the following chart depicts the time it took for the Middle Colonies and New England to produce barley and milk. Using the principle of comparative advantage, what would be the most efficient solution?Time Required to Produce:Time to produce: New England Middle Colonies1 ton of barley 4 hours 5 hours1 ton of milk 3 hours 6 hours a. New England produces both barley and milk. b. New England produces barley and the Middle Colonies produce milk. c. New England produces milk and the Middle Colonies produce barley. d. There is insufficient information given to determine comparative advantage.
Answers: 2
Business, 22.06.2019 11:40
In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of what’s happening in the labor market? a.esther lost her job and begins looking for a new one.b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work.c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.
Answers: 2
Business, 22.06.2019 18:50
Suppose the government enacts a stimulus program composed of $600 billion of new government spending and $300 billion of tax cuts for an economy currently producing a gdp of $14 comma 000 billion. if all of the new spending occurs in the current year and the government expenditure multiplier is 1.5, the expenditure portion of the stimulus package will add nothing percentage points of extra growth to the economy. (round your response to two decimal places.)
Answers: 3
Business, 23.06.2019 07:40
Given the production function q=96(k^0.3)(l^0.7), find the mpk and mpl functions. is mpk a function of k alone, or of both k and l? what about mpl?
Answers: 2
Business, 23.06.2019 11:20
What term refers to searching for potential buyersa. follow up b. presentation c. prospecting d. approach this is on apex learning, principles of business, marketing, and financequiz 4.2.2
Answers: 1
Suppose the only input in agriculture is time and the following chart depicts the time it took for t...
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