Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 26, 2024

Suppose the two countries, Canada and Brazil uses capital and labour as a factor of production. The table shows the level of endowments for each

Suppose the two countries, Canada and Brazil uses capital and labour as a factor of production. The table shows the level of endowments for each country

Canada

Brazil

Labour Force (millions of workers)

Capital Stock (thousands of machines)

1500

1000

What is the value of the ratio of capital/labour for Brazil? Give your answer in 2 decimal place.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Econometrics By Example

Authors: Damodar Gujarati

2nd Edition

1137375019, 9781137375018

More Books

Students also viewed these Economics questions

Question

★★★★★

Write structural formulas for all of the stereoisomers of 1, 3-dimethylcyclopentane. Label pairs of enantiomers and meso compounds if they exist.

Answered: 1 week ago

Question

★★★★★

Is this a place you could see yourself working?

Answered: 1 week ago

Question

★★★★★

Where does the person work?

Answered: 1 week ago

Question

★★★★★

The intangible assets reported by Ip Company at December 31, 2016, follow: Patent #1 was acquired in January 2015 and has an estimated useful life of 10 years. Copyright #1 was acquired in January...

Answered: 1 week ago

Question

★★★★★

Moving to another question will save this response. Question 11 Which of the following is a usefulness of the statement of financial position? OA Omitted items. OB. The use of judgments and...

Answered: 1 week ago

Question

★★★★★

Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net...

Answered: 1 week ago

Question

★★★★★

A rocket is launched from the ground and travels in a straight path. The angle of inclination of the rocket's path is 1.35 radians. (That is, the rocket's path and the ground form an angle measuring...

Answered: 1 week ago

Question

★★★★★

Suppose we have a uniform beam that is 60 centimetres long, and is simply supported at both ends. If the beam has a load of f(x) = 11 N/m applied to it, and has a flexural rigidity of 10,000 Nm,...

Answered: 1 week ago

Question

★★★★★

Crystal wants life insurance that will diversify her financial portfolio and build wealth. She is searching for a policy that uses an investment method that has the potential to grow at a maximum...

Answered: 1 week ago

Question

★★★★★

Mention and explain the job description of Distribution and Exhibition do fast and need correct answer with good explanation

Answered: 1 week ago

Question

★★★★★

3. Assignment Task Question No 1 a) Which is better, an investment that earns 10% compounded quarterly, one that earns 9.95% compounded monthly, or one that earns 9.9% compounded continuously? b) The...

Answered: 1 week ago

Question

★★★★★

Mzee have Tshs 800,000,000 in the bank account, of which he wants to invest in Physical assets, Marketable investment and financial investments. As an expert in investment collect necessary...

Answered: 1 week ago

Question

★★★★★

2. Now list, after going through a-c, three things that you want to be the impres-sion you want others to be left with after meeting you, and that you want to be lasting over time. List four points...

Answered: 1 week ago

Question

★★★★★

Relax your shoulders

Answered: 1 week ago

Question

★★★★★

Keep your head straight on your shoulders

Answered: 1 week ago

Previous Question Next Question