If a tourist from the U.S. on an overseas trip notices that other countries dont produce crops
Question:
If a tourist from the U.S. on an overseas trip notices that other countries don’t produce crops “like they do back home,” would he be right to conclude that farmers in the other countries produce crops less efficiently than U.S. farmers?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (8 reviews)
No The different ways of farming in different areas reflect ...View the full answer
Answered By
Rohail Amjad
Experienced Finance Guru have a full grip on various sectors, i.e Media, Insurance, Automobile, Rice and other Financial Services.
Have also served in Business Development Department as a Data Anlayst
4.70+
32+ Reviews
83+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The composition T o S : U W of two linear transformations T : V W and S : U V is defined by Show that the composition transformation is also a linear transformation. (ToS)(i) = T(S(i)
-
The United States can produce X more efficiently than can Great Britain. Yet we import X from Great Britain. Explain.
-
Do you think other countries could replicate Panamas system? Would they?
-
U Ltd has three subsidiaries (one of which is dormant) and has the following results for the year to 31 December 2020: Compute the corporation tax liability for the year and state the date (or dates)...
-
On November 30, 2011, Tucker Products performed computer programming services to Thomas, Inc., in exchange for a five-month, $75,000, 10 percent note receivable. Thomas, Inc., paid Tucker the full...
-
Should equal pay between different groups always be required? Why, or why not?
-
6. Discuss the relative merits of including risk adjustments in cash flow or in discount ratesespecially for high-growth companies in emergingmarkets.
-
1. An eight-month investigation by OFHEO concluded that slack standards at Fannie Mae created a corporate culture that emphasized stable earnings at the expense of accurate financial disclosures....
-
When a customer dishonors the payment on the maturity date of a Notes Receivable, it is continued to be recorded as an asset under the Notes Receivables section under the same terms mentioned in the...
-
If a 68-year-old worker in the U.S. chooses not to work at all, does that mean that the U.S. is functioning inside its production possibilities curve? Why or why not?
-
Will a country that makes being unemployed illegal be more productive than one that does not? Why or why not?
-
A procedural control used in the management of a computer center to minimize the possibility of data or program file destruction through operator error includes (a) control figures. (b) cross-footing...
-
Peninsula Community Health Services of Alaska had just completed of a merger of two organizations. The original Peninsula Community Health center was a community health center only, but the CHC had...
-
Compensation Approach: Imagine that the HR department of your chosen organization from below is going to design a compensation approach for the job that is aligned with reinforcement, expectancy, and...
-
A boat leaves port and follows a course of N77E at 9 knots for 3 hr and 20 min. Then, the boat changes to a new course of S26E at 12 knots for 5 hr. Part 1 of 3 (a) How far is the boat from port?...
-
The aggregate supply curve of an economy is depicted by AS, shown in the graph on the right. Suppose that labour unions grant concessions, enabling firms to pay lower wages to their workers. Use the...
-
what is Medibank pestle analysis in term of these 2 statements? Current problem at hand deviates towards the fact that customers do not have high awareness of the health and wellbeing programs that...
-
Design a combinational circuit with three inputs (A, B, C) and one output (F). The output is 1 when A + C = 0 or AC = 1; otherwise the output is 0. Draw a schematic using logic gates. Show all steps...
-
1A. If the researcher is concerned about the number of variables, the nature of the analysis, and completion rates, then, he/she is at which stage of the sampling design process (Figure 11.1 in the...
-
True or False: 1. Economists are not completely in agreement on what constitutes money for all purposes. 2. People use nontransaction accounts primarily because they generally pay higher interest...
-
True or False: 1. When the United States was on an internal gold standard, the dollar was defined as equivalent in value to a certain amount of gold. 2. When two forms of money are available, people...
-
True or False: 1. Financial institutions can create money by making loans. 2. If you go into a bank and borrow $1,000, the bank probably will simply add $1,000 to your checking account at the bank,...
-
What is Coke's average ownership percentage in its equity method investments? Goodwill is 7000 Calculate the firm's current ratio (current assets/current liabilities). Calculate the current ratio...
-
John has to choose between Project A and Project B, which are mutually exclusive. Project A has an initial cost of $30,000 and an internal rate of return of 16 percent. Project B has an initial cost...
-
Complete the table below, for the above transactions
Study smarter with the SolutionInn App