Splitting the value chain refers to O large corporations participating in different industries. the components of a product are produced in different countries and by different companies O how the production process changes when companies merge O Companies produce all components needed in the production of a good, but they split the production process among different departments within the same c
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- Question 1 a: Use a production possibilities frontier to describe the idea of trade-off. b: Accumulation of capital and change in technology bring economic growth, which means that the PPF keeps shifting outward: Production that was unattainable yesterday becomes attainable today; production that is unattainable today will become attainable tomorrow. Why doesn’t this process of economic growth mean that scarcity is being defeated and will one day be gone? (Word count: 150 words max.)1.Which of the following resources is the most rival? A- A music concert at a city park. B-A full moon. C-An interstate highway D-A zoo. E-The labor of a hair stylist 2.Which of the following is considered a basic economic question? A-What are the most advantageous terms of trade? B-When does marginal cost equal marginal benefit? C-Which economy enjoys a lower opportunity cost for this good? D-What is essential knowledge to pass on to the next generation? E-What goods and services should be produced?2 What are the economic consequences of the war between Russia and Ukraine on the global economy ( U.S.A, E.U, Asia , and Africa) and on Russia specifically? Please try to identify a specific sector of the economy to illustrate your answer..
- Topic: What is the world going to be like if we continue to have bilateral economic war in the next 25 years? the tensions that lead to war still exist: religion, money, natural resource, and history all provide way too many “reasons” for countries to want war to achieve their perception of national goals. Question: How does money and Natural resources effect our economy during wars? please answer in paragraphs, thank you for your time!Macroeconomics is an aggregate of what happens at the Microeconomics level. Would it be possible for what happens at the macro level to differ from how economic agents would react to some stimulus at the micro level? Hint: Think about the behavior of crowds.Table 33.15 shows how the average costs of production for semiconductors (the chips In computer memories) change as the quantity of semiconductors built at that factory increases. Based on these data, sketch a curve with quantity produced on the horizontal axis and average cost of production on the vertical axis. How does the curve illustrate economies of scale? If the equilibrium quantity of semiconductors demanded is 90,000, can this economy take full advantage of economies of scale? What about if quantity demanded is 70,000 semiconductors? 50,000 semiconductors? 30,000 semiconductors? Explain how international trade could make it possible for even a small economy to take full advantage of economies of scale, while also benefiting from competition and the variety offered by several producers.
- Define economics. Also discuss the flow of goods, services, resources and money payments in a two sector economy with the help of a suitable diagramDetail answer with example and diagramsCase: Suppose you are watching a news report with a friend. The news report points out that a certain African nation generates a GDP per capita of only $1300 per year. Since your friend knows that Slovenia’s GDP per capita is approximately $26 000, he suggests that Slovenians are materially 20 times better off than the people of the African nation. 3. Provide some examples of this type of activity.Topic: What is the world going to be like if we continue to have bilateral economic war in the next 25 years? Considering this question, and answer in a paragraph. Question: How does the National Military effect our economy? Pros and cons? *Because of nuclear weapons, countries have (but not especially non-state players) recognized that a war that escalates to nuclear conflict will produce only losers. So countries are using all other tools available in the place of war.*
- My question is how to complete the last part talking about the 1200 bushels of corn and 1000 tons of steel.Topic: What is the world going to be like if we continue to have bilateral economic war in the next 25 years? Considering this question, and answer in a paragraph. Question: what are the pros and cons to National Military, and how do they effect our economy? Thanks for your time!1- The world’s most innovative companies have largely created structures that remove structural barriers. They have established an innovation culture and improved their innovation capability. This refer to a) Process innovation b) Management innovation c) Organizational innovation d) Services innovation 2- If a company has a large variety of processes in the manufacturing and a low volume of jobs then the right type of “Product Process Type” would be…..… a) Project b) Jobbing c) Batch d) Mass 3- The various systems needed to ensure industrial plants operate smoothly to produce goods and services. Within such a system, operators monitor, control, and fix the components that help run everything from power plants to water refineries to manufacturing facilities. a) Process innovation b) New product lines c) Process technology d) Sequential model