Chapter 11, Problem 3DQ

Which of the following statements is FALSE? Choice 1 of 4:Cost-benefit analysis allows the scale of the activity to either increase or decrease. Choice 2 of 4:Both cost-benefit and cost-effectiveness analyses construe the policy problem as involving some production relationship between resources and objectives. Choice 3 of 4:If the Governor asks you to find the lowest-cost way for the state of Colorado to meet a minimum required air pollution abatement level, she is asking you for a cost-effectiveness analysis. Choice 4 of 4:If the Mayor tells you he will set aside a $20 million budget spending to reduce homelessness and asks you for an analysis of what option would be the most efficient, he is asking for a cost-benefit analysis.

According to comparative advantage, trade between two countries Group of answer choices will benefit all the industries in each of the countries. guarantees that consumption levels will be equal in the two countries. maximizes the amount of inputs that are used in the production of all products. allows each of the trading countries to allocate its resources most efficiently.

Please assist in answering these questions. The answers do not have to be explained.       I will not buy my coffee from “XYZ” Company because of their use of children in production. This consumerism is called   b. Company-based purchasing c. Fully screened approach d. Positive Buying   The dimensions of globalization are a. Social, environmental, economic, and political b. Cultural, environmental, legal, and economic c. Political, legal, social, and economic   Consumerism __________________ Question 11Answer   b. posits that it is economically desirable to increase consumption of goods. c. provides that products manufactured are safe for consumers d. is the theory that posits consumers are more important than employees.   Which of the following is not a tenet of Corporate Social Responsibility?   b. Philanthropic responsibility c. Ethical Responsibility d. Consult with the stakeholders     Which model of the BGS relationship assumes that…

Resources are allocated among industries in response to signals sent by both product and resources ...................... . These also indicate which resources would be combined in what way, in the production of a good or service, in order to ..................... production costs, thereby using society's scarce resources most ...................... . A person can increase his income by producing .................... output or by specializing in the production of something for which society is willing to pay a higher price (relative to cost). The ........................ of goods, services and resources are not determined by some government agency, but by countless decisions of individuals about which goods and services to produce and buy.

Two countries, A and B, that differ in their opportunity costs for the goods each one of them produces have decided to engage in trade. There is   A. a unique trading ratio of these two goods that will benefit both countries.   B. a unique trading ratio at which Country A will have gains from trade, but Country B will not.   C. a range of trading ratios that lies between the opportunity costs of each good for both countries at which both countries will benefit from trade.   D. a unique trading ratio at which Country B will have gains from trade, but Country A will not.   E. a range of trading ratios that provides gains from trade only to Country A.

Which statement is true? Group of answer choices If one party is more productive in producing both products, it has a comparative advantage in producing both goods None of the listed statements are true A party can have a comparative disadvantage in producing both goods A party has the comparative advantage in producing a good if it has the absolute advantage in producing the other good If parties specialise and trade, it is only the less productive party that can experience any gains from trade

An IGO is _______. Question 3 options:     an organization that limits the power of multinational corporations       an organization created by at least three nation-states       an organization designed to restructure former colonies       an organization designed to help define national borders

The table below lists the maximum feasible quantities of digital apps and tablet devices that can be produced in 1 hour using all resources—land, labor, capital, and entrepreneurial talent that is available in the Southland and East Coast. In the Southland, residents can use all their resources to produce either 90 digital apps or 225 tablet devices per hour. In East Coast, residents can use all their resources to produce either 100 digital apps or 50 tablet devices per hour. Assuming constant opportunity costs of producing digital apps and tablet devices in both countries answer the following questions.   Product Southland East Coast Digital apps 90 100 Tablet devices 225 50   What is the opportunity cost of producing tablet devices in Southland? What is the opportunity cost of producing digital apps in Southland?    What is the opportunity cost of producing tablet devices in East Coast? What is the opportunity cost of producing digital apps in East…

All of the following are "pull factors" associated with land-grabbing in low-income countries except:     “Unutilized” land being seen as readily available in many countries     Cheaper prices for land in low-income countries     Cheaper labor in low-income countries     High production costs and rents in high-income countries A rural community in Malawi lives alongside a river but does not have the resources to pump the water for irrigation. Which of the following describes the situation of this community?       Hydroshort     Physical water scarcity     Cultural water scarcity     Economic water scarcity Which of the following is most likely true about a large-scale soybean farmer in Midwestern United States?       This farmer sells to consumers in the local community     This farmer relies primarily on manual labor for production     This farmer grows Genetically Modified soybean that is herbicide-tolerant…