A worker in Vietnam can earn $6 per day making cotton cloth on a hand loom. A worker in the United States can earn $85 per day making cotton cloth with a mechanical loom. What is the likely explanation for the difference in wages?

Answers

Answer 1

Answer:

c. Labor is more productive making cotton cloth with a mechanical loom than with a hand loom.

Explanation:

Here are the options to this question :

. U.S. textile workers belong to a union, whereas Vietnamese textile workers do not belong to a union.

b. There is little demand for cotton cloth in Vietnam and great demand in the U.S.

c. Labor is more productive making cotton cloth with a mechanical loom than with a hand loom.

d. Vietnam has a low-wage policy to make its textile industry more competitive in world markets.

The mechanical loom would produce more cotton cloth than a hand loom. So, due to higher productivity of the mechanical loom,  the worker who uses a mechanical loom would be paid higher than a worker using a hand loom


Related Questions

In the context of behavioral economics, the belief that outcomes that have not occurred in the recent past are more likely to occur soon, and that recent outcomes are unlikely to be repeated in the near future is best referred to as the ________ fallacy.

Answers

Answer:

Gamblers.

Explanation:

This is a belief by a certain people from a school of thought that something is likely to or not occur and this is seen to happen within a period of time. This belief carriers the said person to keep in line or stop within this period in his endeavours towards a particular goal or work. This is seen in human which try their chances a lot in gambling in the likes of casinos etc and also human to human risk. This fallacy can be seen when a team has won the coin toss for the last three games. So, they are definitely going to lose the coin toss tonight. Also the last time they spun the wheel, it landed on 12. So, it won't land on 12 this time.

Is the soundness of conclusions that can be drawn from an experiment?

Answers

Answer:

Validity.

Explanation:

Validity is the soundness of conclusions that can be drawn from an experiment. It is a term used to refer to how precise and accurate a method describes, estimate, and establish what it is supposed to measure or quantify at a given time.

Hence, if an experiment has a high validity, this ultimately implies that its outcome are in correspondence with the characteristics, properties, and as such it has a sound conclusion. Thus, an experiment is said to be valid when it has a great level or soundness of conclusion.

A restaurant has been operating in the same location for decades. However, a
new restaurant opens across the street and sells very similar food. Both
restaurants try to win over customers by lowering prices and creating new,
innovative dishes. Which element of the free enterprise system does this
situation best reflect?
A. Competition
B. Limited role of the government
C. Individual freedom for producers
D. Profit motive

Answers

Competition

Is the correct answer as shown in the image below.

The element of the free enterprise system reflected here is competition. Therefore, the correct answer is option is A.

What is competition?

Competition refers to a situation in which individuals or organizations strive to gain an advantage over others. In a market economy, competition is the driving force behind innovation and economic growth. It is an essential element of the free enterprise system as it allows producers to improve their products and services while keeping prices reasonable.

The two restaurant lowered prices and created new and innovative dishes. They did so to get ahead of their competition.

Thus, the element of the free enterprise system reflected here is competition. Therefore, the correct answer is option is A.

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An investment banking firm has been hired to roll up various partnerships into one master limited partnership. What is the compensation limit for this activity

Answers

Answer:

2%

Explanation:

Based on the industry standards and regulations, an investment banking firm or a broker-dealer canvassing the agreements from limited partners in relation to a roll-up is outrightly limited to compensation of 2% of the value of the newly created securities.

Therefore, the correct answer, in this case, is that the compensation limit for this activity is pegged at 2 percent

Specify and explain the typical shapes of the marginal-benefit and marginal-cost curves. How are these curves used to determine the optimal allocation of resources to a particular product. If current output is such that marginal cost exceeds marginal benefit, should more or fewer resources be allocated to this product? Explain.

Answers

Answer:

The completely accurate definition of the particular subject is outlined in the following subsection including its clarification.

Explanation:

The marginal profit trajectory has so far been sloping down, MB decreases, and since most of a commodity is collected as much more quantities of something like a good offer fewer sense of achievement, unlike earlier versions. This same marginal cost of production is pointing down upward, becomes rising as more than just a commodity is generated as additional items need progressively inappropriate utilization of resources.The optimum amount of something like a given substance exists whenever MB is equivalent to MC. If MC reaches MB everything should still be made available fewer resources. In any other context, the services are more useful.

The information regarding the marginal-benefit and marginal-cost curves is explained  below:

The following information should be considered:

The marginal profit trajectory has so far been falling down, MB decreases, and because many commodity is collected as much more quantities of something such as sense of achievement. This same marginal cost of production is pointing falling upward, that increased as more than just a commodity is produced as extra items required progressively non-appropriate utilization of resources. The optimum amount of something such as given substance exists in the case when MB is equivalent to MC. If MC reaches MB so it still be made available fewer resources.

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HELP MEE
What is a possible style of formatting your company could prefer?
A. Justification
B. Sans serif
C. TXS
D. MLA
SUBMIT

Answers

MLA is your answer.(D)

Answer: MLA

Explanation:

AP3X

pog

According to the law of​ supply, as the price of the good decreases​, it causes A. a movement downward along the supply curve. B. a shift of the supply curve to the left. C. a movement upward along the supply curve. D. a shift of the supply curve to the right.

Answers

Answer:

A. a movement downward along the supply curve.

Explanation:

According to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

This accounts for why the supply curve is positively sloped.

A change in price of a good leads to a movement along the supply curve and not a shift of the supply curve.

Please check the attached image for a graph showing the supply curve

Jasmine is the director of marketing for a chain of clothing stores. She's been given a set budget and needs to drive as many potential customers to her website as possible. Which automated bidding strategy should she use in her campaign?

a. Target impression share
b. Maximize conversions
c. Target return on ad spend (Target ROAS)
d. Maximize clicks

Answers

Answer: Maximize clicks

Explanation:

From the question, we are informed that Jasmine is the director of marketing for a chain of clothing stores and that she's been given a set budget and needs to drive as many potential customers to her website as possible.

The automated bidding strategy should she use in her campaign is "maximize click". This will help in getting many clicks and is cheap.

which piano is the best for beginners? List 5 best pianoes.​

Answers

Answer:

1:Yamaha YPT-269

2:Casio PX-770

3:Korg EK-50

4:Roland

5:Go:keys

Answer:

1. Yamaha P-45

2. Yamaha YDP-S34

3. Casio PX-770

4. Korg B1SP

5. Roland RP102

Explanation:

If total utility (TU) is rising as more salsa is consumed, we can definitely say that marginal utility (MU) is:

Answers

Answer:

D) greater than zero.

Explanation:

Here are the options to the question :

A) constant.

B) falling.

C) rising.

D) greater than zero.

Total utility is the total satisfaction derived from consuming a good or service.

Marginal utility is the change in total utility as a result of an increase in consumption

Marginal utility can either be increasing , decreasing or remain constant depending on the changes in total utility

If total utility is increasing, then marginal utility must be greater than zero

Please check the attached image for a table showing how marginal utility changes based on how total utility changes

Planet Earth Developers is a large nationwide construction company with home offices in Lansing, MI. The local media often remarks about the pristine landscaping that surrounds the home office that sits on a 30-acre complex. At the back end of the complex are several large warehouses and garages that hold large equipment. The grounds surrounding these warehouses look like a well-maintained park. Across the street from the garages are several shops and businesses. The CEO, "Planet Paul" (as his employees call him), often talks about how thankful he is that the town permits him to store the company equipment at that site, and vows to always maintain the premises for his neighbors (the other businesses that thrive in that area), not to mention that he asks 100 employees to come to work there everyday. What statements describes Planet Paul's business philosophy?

Answers

Answer: Planet Paul understands even though it cost a little more, the stakeholder considerations are important if one want their business to thrive.

Explanation:

The value of stakeholders to organizations cannot be underappreciated. Stakeholders are the individuals that are interested in ones company and gives ones business both financial and practical support.

Stakeholders include investors, employees, loyal customers etc. Based on the above question, Planet Paul understands even though it cost a little more, the stakeholder considerations are important if one want their business to succeed.

A _____ is a written document with detailed specifications that is used to request bids for equipment, supplies, or services from vendors.

Answers

The answer is a request for proposal

If this helps mark me the brainiest please and thank you

The 20% off sale is a better deal than the $200 rebate or $150 coupon for the $1,500 dining set. The Porters budgeted $1,250 for a new dining room set. Explain why this is the best deal for them. Are they under budget?

Answers

Answer:20% off is better and it is the only offer which is under the budget.

Explanation:Given,

The original cost of the dining set = $ 1,500,

If there is a off of 20%,

Then the discount on dinning table = 20% of 1500

= $ 300

So, the final amount of the dinning table after 20% off = 1500 - 300 = 1200 < 1250

Thus, it under the budget.

Now, in $ 200 rebate,

The new cost of the dinning table = 1500 - 200 = $ 1300 > 1250,

Thus, it is not under budget.

While, In $150 coupon,

The new cost of the dinning table = 1500 - 150 = $ 1350 > 1250,

Thus, it is not under budget.

20% off is better and it is the only offer which is under the budget.

20% off of the $1,500 dining set is $300, and the dining set price will be 1500 - 300 = $1200.

And by applying the $150 coupon, the dining set price will be $1500 - $150 = $1350.

Therefore 20% off is better and it is the only offer which is under the budget.

What is problem-solving?

Problem-solving is the act of defining a problem; figuring out the purpose of the trouble; identifying, prioritizing, and selecting alternatives for an answer; and imposing an answer.

What are problem-solving and examples?

Problem-solving starts with identifying the issue. As an example, a trainer may need to parent out a way to improve a scholar's overall performance on a writing talent test. To do that, the instructor will overview the writing exams looking for regions for improvement.

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Your company has formed a partnership with another company and you want to allow certain resources to be shared between the two companies. What should you create?

Answers

Answer:

joint venture

Explanation:

Based on this scenario, the best thing for you to create would be a joint venture. This is a business arrangement in which the parties involved decide to combine their specific resources in order to accomplish a specific task that both companies are trying to accomplish and which will benefit both parties greatly. Therefore, since you want to share resources with your partner company this would be the best organizational agreement.

XCEL Corporation paid a dividend yesterday for $1.50. They expect to pay dividends annually at a constant 6 percent annual growth rate indefinitely. If the required rate of return on this investment is 12 percent, what is the current value of this common stock?

Answers

Answer:

$26.50

Explanation:

The computation of the current value of the common stock is shown below:

Current price is

= Current year dividend ÷ (Required rate of return - Growth rate)

where

Current year dividend is $1.59

The Required rate of return is 12%

ANd, the growth rate is 6%

Now place these values to the above formula

So, the current price of the common stock is

= ($1.50 × 1.06) ÷ (0.12 - 0.06)  

= $1.59 ÷ 0.06

= $26.50

An amount of money that is paid by the company to its shareholders on the regular basis is called a dividend.

The current value of this common stock is $26.50.

This can be estimated by:

[tex]\text{Current price} = \dfrac{\text{Current year dividend}}{(\text{Required rate of return - Growth rate})}[/tex]

Where,

The current year interest = $1.59

The essential rate of return = 12%

The growth rate = 6%

Hence, the current value of the common stock is:

[tex]= \dfrac{(\$1.50 \times 1.06)}{(0.12 - 0.06)}[/tex]

[tex]= \dfrac{\$1.59}{0.06}[/tex]

= $26.50

Therefore, the current price of the common stock will be $26.50.

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The accrual concept that costs incurred to generate a revenue are expensed in the same period the revenue is known as the

Answers

Answer:

Matching concept

Explanation:

This accounting principle is of the opinion that the expenses incurred in generating revenue should be matched with the revenue or income in order to ascertain whether or not profit or loss has been made,in other words,reporting only the revenue without considering the fact some amount has been incurred in a bid to generate the revenue does not a clear picture of the business underlying transactions.

It is simply aggregating like with like since costs incurred in the period are deducted from revenue in the same period.

Under MSRB rules, a registered representative is prohibited from sharing in the gains and losses of a customer's account unless the:

Answers

Answer:

D)

Explanation:

This is the case unless the registered representative contributes capital proportionate to his sharing percentage and receives written approval of the principal. This is because the MSRB clearly prohibits this, but if the registered representative opens a joint account with the customer (granted the customer approves), and shares in both the gains and losses of the account with a proportionate capital contribution, then both are entering into the same risk and are allowed to share in the gains and losses. This is as long as the principal provides written approval.

A person, group, or organization that has a meaning it intends and attempts to share with a receiver or an audience is a

Answers

Answer:

Source

Explanation:

Source, also known as sender in communication is a concept of generating information or data with the intent of communicating or reproducing exact information somewhere else within a short time .

A source can be a person , organization or a group of people and the source information must have a meaning it intends to share with a receiver or an audience. This means that the information must be encoded in a way that makes it easy for the receiver or audience to understand before transmitting the message.

A __________ is a group of customers who love their brand so much that they like to connect with other customers who think like themselves.

Answers

It is a Brand community

WILL GIVE BRAINLY!!!!!!!!

A shift in demand may occur within a community in all of the following cases, except a change in __________.

A. birthrate
B. immigration
C. political leadership
D. age demographic

Answers

Answer:

C. political leadership

Explanation:

A shift in the demand curve occurs in many cases except for a change in political leadership.

What do you mean by demand?

Demand refers to the ability, or willingness to buy a product, goods, or services.

A change in birthrate, immigration, and age demographic are the reasons for shifting in demand but a change in political leadership does not affect the demand.

Therefore, C is the correct option.

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On January 8, an applicant filled out an application for a life insurance policy but did not include the initial premium. The insurance company approved the application on January 14 and issued the policy January 15. The producer delivered the policy on January 26 and collected the first premium. When did the coverage become effective

Answers

Answer: January 26

Explanation:

A life insurance policy is simply a contract that an individual has with an insurance company whereby the individual makes premium and in turn, the insurance company would have to give a death benefit, to the beneficiaries of the insurance policy once the insured dies.

Based on the information in the question, the coverage become effective on January 26 which was the day the policy was delivered and the first premium was collected.

The coverage of the life insurance policy becomes effective on 26th January.

A life insurance policy is an agreement between a policyholder and a life insurance company. In return for premiums paid by the policyholder during their lifetime, a life insurance policy promises the insurer will pay an amount of money to one or more named beneficiaries after the covered person passes away.

Life insurance is a binding agreement that provides the policyholder with a death payout in the event that the covered person passes away.

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Mama Donna’s Bakery produces cupcakes in a variety of unique flavors. The company’s cupcakes are offered for sale in many local restaurants. When a purchase order is placed by a restaurant, the cost related to processing purchase order is most likely attributed to a(n) ________ activity.

Answers

Answer:

Batch Level

Explanation:

Batch level activity is the cost incurred that is related to the production of a certain batch of a product. It is usually associated with the cost incurred in the production of a group of units which cannot be traceable to individual units within a batch.

For instance, the incurred cost for setting up a machine to produce a batch of 10,000 units of an item is referred to as batch level cost. The cost can only be allocated to the 10,000 units produced per batch, not just one unit in the batch. In addition to machine setups, other cost drivers are inspection, purchase orders, direct labor hour, quality tests etc.

"The principle stating that asset and liability measurements should be based on the amount given or received in the original transaction is referred to as the"

Answers

Answer:

Historical cost

Explanation:

historical cost can be defined as the measure of value used in accounting and that is the value of an asset on a balance sheet.

Historical cost is used for assets that are fixed in the United states of America. Cheers

Jon is a broker who manages properties. Kevin owns an apartment building that he wants Jon to manage. When negotiating the property management agreement, Jon includes a clause that says if Kevin ever wants to sell the building, he must list it with him. This is an illegal:______

Answers

Answer:

The clause is an illegal provision.

Explanation:

An illegal provision is a clause or condition that is unenforceable by it's very nature. Kevin owns all the legal interest in the apartment. Jon has no legal interest in the apartment.

A legal interest refers to the right to legally possess and use a property. This right is enforceable under the law.

If Jon as a broker co-owns the apartment, then the clause or provision he inserted becomes legal. Given that he doesn't, the clause is void ab initio.

Cheers!

Any factor that can change

Answers

The things that change in an experiment are called variables. A variable is any factor, trait, or condition that can exist in differing amounts or types. An experiment usually has three kinds of variables: independent, dependent, and controlled.

a factor which can be changed in a experiment. ... all factors which remain the same for each repeated trial for all levels of the independent variable

What refers to a thorough analysis of the circulation procedures, outlets of distribution, readers, and other factors by companies such as ABC?

Answers

Answer:

circulation audit

Explanation:

A circulation audit is a term that describes a distinct form of audit which validates publisher's real printing and distribution, and at the same time, verifies publisher's books, records, and documents relating to circulation.

In other words, it is considered as a standardized, authoritative statement of a publication's printing, distribution, and readership.

Hence, CIRCULATION AUDIT refers to a thorough analysis of the circulation procedures, outlets of distribution, readers, and other factors by companies such as ABC

SalientVision Inc., a construction company, receives more than $2,000 in federal money. The company pays its employees at rates at least equal to the prevailing wages in the area. The calculation of prevailing rates by the company is based on 30% of the local labor force. In this case, which laws does the company comply with?

Answers


Hi I’m sorry I forgot to tell you that I’m gonna answer your question about the money I have to go with my grandma to get her meds and she can not be there until she probably gets home and ya
The answer is Pay differential

The process of spreading the costs of long-lived assets such as buildings and equipment over the total number of accounting periods in which they are expected to be used is called

Answers

Answer:

Depreciation

Explanation:

Depreciation is the process of reallocation of tangible assets over its useful life. Depreciation is an expense which is charged on the entire cost of a long-term tangible fixed asset. The depreciation expense is computed by reducing the scrap value of the asset from its cost and dividing it by the entire useful life of the asset. There are several methods used to depreciation tangible assets such as straight-line method, MACRS, double declining etc. Salvage value is the expected value of the asset at the end of its life. For example, if an asset has been purchased at $110,000 with a useful life of 5 years and salvage value of $10,000 then using straight-line depreciation per year over 5 years will be ($110,000-$10,000)/5 = $20,000.

Mintzberg determined that managers tend to rely more heavily on ______ communication than ______ communication when conducting business.

Answers

Answer:

Verbal; written.

Explanation:

Professor Henry Mintzberg is a prolific and an amiable author on business and management. He was born on the 2nd of September, 1939 and works at the Desautels Faculty of Management in McGill University, Canada.

According to Prof. Mintzberg in his book titled "Mintzberg on Management: Inside our Strange World of Organizations," there are ten (10) primary roles which can be used to classify the functions of a manager; figurehead, liaison, leader, monitor, negotiator, entrepreneur, disturbance handler, spokesperson, resource allocator and disseminator.

Additionally, Mintzberg determined that managers tend to rely more heavily on verbal communication than written communication when conducting business. This is simply because managers consider a written communication such as memo, reports, or letters consume more time when compared with verbal communication such as telephone calls, meetings or face-to-face conversations .

Recently, Darlene has found that they have begun to reach market saturation. She is having trouble finding new customers. One solution would be to increase the company's reach, perhaps by opening up locations in other areas. However, she knows this will be expensive. After noticing that many of their customers are planning on expanding and purchasing bigger facilities, Darlene feels that the best option is to increase the company's

Answers

Answer: a. share of customer

Explanation:

Share of Customer refers to the proportion of the total amount that a company gets out of money that a customer will spend in a certain category.

In other words, a company that has a greater share of customer from a particular customer will see that customer spend more of their money on them.

Share of Customer is improved by excellent working relationships with customers such that they will be loyal to you. Darlene should therefore strive for this so that their customers who are planning on more expansion will keep coming back to Darlene's company and spending more and more on them.

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