Trade offs
Reason: Opportunity cost refers to the value of the foregone alternative. It represents the cost of the trade off made by the consumer.
For eg a student always has a tradeoff between studying and playing. Every decision made involves a tradeoff, which in turn creates opportunity cost in terms of the value of the foregone alternative.
which of the following most closely relates to the idea of opportunity costs? a. trade offs...
Which of the following is true concerning the notion of trade-offs in competitive dimensions? Trade-offs are only relevant in service industries. b Companies cannot excel simultaneously on all dimensions. Trade-offs are absolute. A company competing on low cost should never worry about improving quality. Trade-offs are only relevant in manufacturing industries. e Trade-offs are no longer relevant in the global market.
Which of the following is most closely related to recessions? ABC A. positive long-run economic growth B. rapid growth in the price level C. falling rates of unemployment D. negative real growth in output
I can't understand ( Selection of which principle to follow generally relates to trade-offs between Relevance and Faithful Representation ) this sentence is not clear for me. Can you give me an example and explain it to me. For purchase of land why I select Historical cost principle not fair value principle ? Measurement Principles HISTORICAL COST PRINCIPLE (or cost principle) dictates that companies record assets at their cost. FAIR VALUE PRINCIPLE states that assets and liabilities should be reported...
Question 19 Which of the following considerations relates most closely to the Feasibility portion of the plausibility analysis? Sustain a narrative throughout Sequence different aspects of the solution Repurpose resources the firm already has Show awareness of second-order effects The payoffs from following the recommendations Question 20
10. Which of the following would by itself. reveal the most about a. Its level of capital. b. The number of hours worked. c. Its availability of natural resources. d. Its productivity. the most about a country's standard of living? 11. Which of the following is correct? Although levels of real GDP per person vary substantially from country to country the growth rate of real GDP per person is similar across countries. b. Productivity is not closely linked to government...
At the most fundamental of levels, differences in life histories (that is, reproductive strategies) are trade-offs based on differences in the ________. A. Onset of reproductive maturity B. Reproductive sizes of the individuals C. Allocation of energy between individuals D. Average number of offspring produced over the life span of individuals
Which of the following statements about community health workers most closely relates to the definition of community health workers presented in this segment: A “Community health workers” are a cadre that is generally based within health facilities to assist health facility staff with less complicated tasks. B “Community health worker” is a standard title that most governments use for the community health worker cadre within their countries, and it is usually reflected in countries’ community health policies and strategic plans....
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...
Please solve the final answer for all following 10 multiple choice questions Which argument does not refer to Preferential Trade Agreements (PTAs)? O PTA reduces trade barriers among members but discriminate against non-member countries O PTA promotes regionalism and is as such against the idea of multilateralism in trade O Some people view that the formation of regional trade agreements (RTAs) undermine the WTO O PTA encourages regionalism and it is harmful since it leads to trade diversion O All...
11.) Gains of trade are possible for two countries if they have: a.) different opportunity costs. b.) equal opportunity costs. c.) different political systems. d.) identical political systems.