Homework Answers
Answer: D
EXPLAINATION: specialization does not increase the quantity of productive resources rather it is an economic technique helps in utilizing those resources efficiently.Hence increases the amount productive resources in the economy is not the correct argument for gains of specialization.
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3) Which of the following is NOT a reason why there are gains to specialization? (17pts)...
specialization Patrick is a musician. He hires a domestic worker to clean his apartment twice a...
specialization
Patrick is a musician. He hires a domestic worker to clean his apartment twice a week so that concentrate on composing music. Specialization n allows for increases inproductivity which is the primary determinant of trade Which of the following are necessary conditions for specialization to occur? Check all that apply. Individuals focus only on the tasks they prefer. Everyone must be equally productive at the same task People can trade with others. QNA 3.16 C) 2004-2016 Aplia. All rights...
Which of the following theories identifies specialization as a reason for international business? Theory of comparative...
Which of the following theories identifies specialization as a reason for international business? Theory of comparative advantage Imperfect markets theory Product cycle theory None of these are correct
Question 17 Which of the following is NOT a reason why a firm may experience economies of scale? O productive specia...
Question 17 Which of the following is NOT a reason why a firm may experience economies of scale? O productive specialization o dimensional factors O improved productive equipment o increased layers of management
[2] A good or service produced in Country A and sold in Country B is: A)...
[2] A good or service produced in Country A and sold in Country B is: A) an import to Country B. B) an export from Country B. C) a secondary purchase for Country B. D) an unaccounted good or service for Country B. [3] Specialization: A) increases dependence on markets and trade. B) permits greater levels of production than would be attained without it. C) both of the above. D) none of the above. [4] You would expect an increase...
please answer all the following Lesson 1.4-Specialization and Trade Tony can produce any of the following...
please answer all the following
Lesson 1.4-Specialization and Trade Tony can produce any of the following combinations of goods X and Y (a) 100 X and O Y, (b) 50 X and 25 Y, and (c) OX and 50 Y. Darlene can produce any of the following combinations of goods X and Y (a) 50 X and O Y, (b) 25 X and 40 Y, and (c) O X and 80 Y. Who has the comparative advantage in the production...
5) "The poorest man may in this cottage bid defiance all the forces of the Crown....
5) "The poorest man may in this cottage bid defiance all the forces of the Crown. It may be frail, its roof may shake; the wind may blow through it; the storms may enter, the rain may enter - but the King of England cannot enter; all his forces dare not cross the threshold of the ruined tenement." William Pitt, 1st Earl of Chatham, speech in the British Parliment (1763). a) What does this tell us about the meaning of...
38. Which of the following is considered by econom a money b. ideas c. needs d....
38. Which of the following is considered by econom a money b. ideas c. needs d. food e. physical resources ists to be the most fundamentally scarce? 39. How does scarcity affect the range of possible choices that decision makers face? a. It narrows the choice to a single option. b. It narrows the range of choices. c. It increases the possible methods for solving problems. d. It clarifies the choices by highlighting the best solutions e. It simplifies the...
write the question number next to its answer Japan and India are countries that trade with...
write the question number next to its answer
Japan and India are countries that trade with each other. If Japan has a comparative advantage in televisions and India has a comparative advantage i clothing, which of the following is a correct statement about the effects of trade between these nations? O A. Japan will lose jobs in the television industry O B. Both countries are likely to be better off, and world production will increase. O C. There will be...
Which of the following factors is not a reason forensic investigators are increasingly used in accounting? a...
Which of the following factors is not a reason forensic investigators are increasingly used in accounting? a New accounting rules. b Pressure from boards of directors. c The Sarbanes-Oxley Act. d Audit fee increases. To ensure compliance with copyrights and to protect itself from software piracy lawsuits, companies should ________. a adopt cloud operating platforms b buy software from legitimate suppliers c update the operating system frequently d periodically conduct software audits Which of the following is not an example of social...
01 1. Which of the following can be measured by the level of real GDP per person? a. Productivity and the standard o...
01 1. Which of the following can be measured by the level of real GDP per person? a. Productivity and the standard of living. b. Productivity but not the standard of living. c. The standard of living but not productivity. d. Neither the standard of living nor productivity. 2. Human capital is the a. knowledge and skills that workers acquire through education, training, and experience. b. stock of equipment and structures that is used to produce goods and services. c....
specialization
Patrick is a musician. He hires a domestic worker to clean his apartment twice a week so that concentrate on composing music. Specialization n allows for increases inproductivity which is the primary determinant of trade Which of the following are necessary conditions for specialization to occur? Check all that apply. Individuals focus only on the tasks they prefer. Everyone must be equally productive at the same task People can trade with others. QNA 3.16 C) 2004-2016 Aplia. All rights...
Which of the following theories identifies specialization as a reason for international business? Theory of comparative advantage Imperfect markets theory Product cycle theory None of these are correct
Question 17 Which of the following is NOT a reason why a firm may experience economies of scale? O productive specialization o dimensional factors O improved productive equipment o increased layers of management
please answer all the following
Lesson 1.4-Specialization and Trade Tony can produce any of the following combinations of goods X and Y (a) 100 X and O Y, (b) 50 X and 25 Y, and (c) OX and 50 Y. Darlene can produce any of the following combinations of goods X and Y (a) 50 X and O Y, (b) 25 X and 40 Y, and (c) O X and 80 Y. Who has the comparative advantage in the production...
38. Which of the following is considered by econom a money b. ideas c. needs d. food e. physical resources ists to be the most fundamentally scarce? 39. How does scarcity affect the range of possible choices that decision makers face? a. It narrows the choice to a single option. b. It narrows the range of choices. c. It increases the possible methods for solving problems. d. It clarifies the choices by highlighting the best solutions e. It simplifies the...
write the question number next to its answer
Japan and India are countries that trade with each other. If Japan has a comparative advantage in televisions and India has a comparative advantage i clothing, which of the following is a correct statement about the effects of trade between these nations? O A. Japan will lose jobs in the television industry O B. Both countries are likely to be better off, and world production will increase. O C. There will be...
01 1. Which of the following can be measured by the level of real GDP per person? a. Productivity and the standard of living. b. Productivity but not the standard of living. c. The standard of living but not productivity. d. Neither the standard of living nor productivity. 2. Human capital is the a. knowledge and skills that workers acquire through education, training, and experience. b. stock of equipment and structures that is used to produce goods and services. c....
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