Homework Answers
ANSWER:
The correct answer is option a that is the nation may not be able to produce combination g , but it can continue that combination if it specializes and trades. ( as point g is outside the production possibility curve).
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Food Clothing Refer to the above graph. Which of the following statements about combination G is...
Use the following graph to answer questions 1 and 2: Food Clothing 1. The combination of...
Use the following graph to answer questions 1 and 2: Food Clothing 1. The combination of food and clothing shown by point G on the above graph: A) is not attainable, given society's available resources and technology. B) can be attained only if some of society's resources are unemployed. C) suggests that the law of increasing relative costs is not relevant in this case. D) results only because society allocates its resources inefficiently. 2. The figure above shows the production...
Figure 2-1 4) Refer to Figure 2-1. Point A is A) technically efficient. B) unattainable with...
Figure 2-1 4) Refer to Figure 2-1. Point A is A) technically efficient. B) unattainable with current resources. C) inefficient in that not all resources are being used. D) the equilibrium output combination. 5) Refer to Figure 2-1. Point B is A) technically efficient. B) unattainable with current resources. C) inefficient in that not all resources are being used. D) the equilibrium output combination. 6) Refer to Figure 2-1. Point C is A) technically efficient. B) unattainable with current resources....
1. 2. 3. Which of the following statements is true about capital requirements? Regulators prefer higher...
1.
2.
3.
Which of the following statements is true about capital requirements? Regulators prefer higher capital requirements because it provides an additional cushion to absorb losses. O Bankers prefer higher capital because it is the least expensive source of financing. Higher capital requirements increase credit risk. Risk-based capital requirements allow banks ignore off-balance sheet commitments. Assume a bank has an ROA of 1.25%, plans to maintain a dividend ratio of 30%, plans to grow assets by 18%, and the...
1.The following statements about intra-industry trade are true, except one. Which one? a. It reflects the...
1.The following statements about intra-industry trade
are true, except one. Which one?
a. It reflects the trade in similar goods between countries.
b. It results from economies of scale.
c. It results from comparative advantage.
d. It does not affect income distribution as much as
inter-industry trade.
2.Consider the following diagram. P is the autarky
production point, and C is the free trade consumption point.
P1 represents autarky prices and P2
represents free-trade prices.
In this case, the autarky consumption...
1. Which of the following would be considered more closely related to macroeconomics? A) a firm...
1. Which of the following would be considered more closely related to macroeconomics? A) a firm deciding how many workers to hire. B) a household deciding how much to spend on groceries. C) a government economist forecasting the unemployment rate. D) a business trying to decide how much outuput to produce. - 2. Which of the following is an example of using the scientific method with a natural experiment? A) Measuring how long it takes a marble to fall from...
D Question 1 Opts Which of the following statements are NOT True about protein and the...
D Question 1 Opts Which of the following statements are NOT True about protein and the diet? Most adults require 0.8 grams of protein per kg Extra protein is necessary to build muscle Protein contains the nitrogen element Protein yields 4 kcal/g of energy A meal of beans and corn tortillas provides complete protein An essential amino acid can not be synthesized by the body Plant proteins are high quality protein Amino acids are the building blocks for protein Animal...
Question 1 Question 3 At one time, mest of the watches produced in Germany were sold...
Question 1 Question 3 At one time, mest of the watches produced in Germany were sold in Germany. Today, hewever, Germany both experts and imports watches, How could comparative advantage explain these data? The law of diminishing returns states that as additional increments of resources those additional increments_ the marginal bene it from Select the correct answer below Select the correct answer below: It cannot: comparative advantage predicts that a country either exports a product or imports it, not both...
Q 1: Clancy and Eileen are farmers. Each one owns a 20-acre plotof land. The...
Q 1: Clancy and Eileen are farmers. Each one owns a 20-acre plot
of land. The following table shows the amount of corn and rye each
farmer can produce per year on a given acre. Each farmer chooses
whether to devote all acres to producing corn or rye or to produce
corn on some of the land and rye on the rest.CornRye(Bushels per acre)(Bushels per acre)Clancy205Eileen5010On the following graph, use the blue line (circle symbol) to
plot Clancy's production possibilities...
Brighton Food Co., Ltd. (Brighton Food) is a privately-owned limited company with several shareholders. It has...
Brighton Food Co., Ltd. (Brighton Food) is a privately-owned limited company with several shareholders. It has been in the food business for many years. Mr. John Chan is the company's biggest shareholder holding 40% of the shares. He is also the company manager who takes care of the company's business operations. In the past few years, the business is blooming as both the sales and the net income have been growing steadily at around 10% per year. However, this situation...
1. Which of the following is true about a promissory estoppel? A) It is invoked in...
1. Which of the following is true about a promissory estoppel? A) It is invoked in cases having incompetent parties. B) It permits a court to order enforcement of a contract that lacks consideration. C) It allows for a party to claim goods that were never paid for. D) It is invoked in cases that involve a promissory note. 2. Which of the following is true for a minor under the infancy doctrine? A) A minor is bound to the...
Use the following graph to answer questions 1 and 2: Food Clothing 1. The combination of food and clothing shown by point G on the above graph: A) is not attainable, given society's available resources and technology. B) can be attained only if some of society's resources are unemployed. C) suggests that the law of increasing relative costs is not relevant in this case. D) results only because society allocates its resources inefficiently. 2. The figure above shows the production...
1.
2.
3.
Which of the following statements is true about capital requirements? Regulators prefer higher capital requirements because it provides an additional cushion to absorb losses. O Bankers prefer higher capital because it is the least expensive source of financing. Higher capital requirements increase credit risk. Risk-based capital requirements allow banks ignore off-balance sheet commitments. Assume a bank has an ROA of 1.25%, plans to maintain a dividend ratio of 30%, plans to grow assets by 18%, and the...
1.The following statements about intra-industry trade
are true, except one. Which one?
a. It reflects the trade in similar goods between countries.
b. It results from economies of scale.
c. It results from comparative advantage.
d. It does not affect income distribution as much as
inter-industry trade.
2.Consider the following diagram. P is the autarky
production point, and C is the free trade consumption point.
P1 represents autarky prices and P2
represents free-trade prices.
In this case, the autarky consumption...
D Question 1 Opts Which of the following statements are NOT True about protein and the diet? Most adults require 0.8 grams of protein per kg Extra protein is necessary to build muscle Protein contains the nitrogen element Protein yields 4 kcal/g of energy A meal of beans and corn tortillas provides complete protein An essential amino acid can not be synthesized by the body Plant proteins are high quality protein Amino acids are the building blocks for protein Animal...
Question 1 Question 3 At one time, mest of the watches produced in Germany were sold in Germany. Today, hewever, Germany both experts and imports watches, How could comparative advantage explain these data? The law of diminishing returns states that as additional increments of resources those additional increments_ the marginal bene it from Select the correct answer below Select the correct answer below: It cannot: comparative advantage predicts that a country either exports a product or imports it, not both...
Q 1: Clancy and Eileen are farmers. Each one owns a 20-acre plot
of land. The following table shows the amount of corn and rye each
farmer can produce per year on a given acre. Each farmer chooses
whether to devote all acres to producing corn or rye or to produce
corn on some of the land and rye on the rest.CornRye(Bushels per acre)(Bushels per acre)Clancy205Eileen5010On the following graph, use the blue line (circle symbol) to
plot Clancy's production possibilities...
Brighton Food Co., Ltd. (Brighton Food) is a privately-owned limited company with several shareholders. It has been in the food business for many years. Mr. John Chan is the company's biggest shareholder holding 40% of the shares. He is also the company manager who takes care of the company's business operations. In the past few years, the business is blooming as both the sales and the net income have been growing steadily at around 10% per year. However, this situation...
1. Which of the following is true about a promissory estoppel? A) It is invoked in cases having incompetent parties. B) It permits a court to order enforcement of a contract that lacks consideration. C) It allows for a party to claim goods that were never paid for. D) It is invoked in cases that involve a promissory note. 2. Which of the following is true for a minor under the infancy doctrine? A) A minor is bound to the...
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