The Cave Springs Milling Co. has the following information for last year:Material input13,112,000Labor hours126,000Yards of output produced1,575,000The partial productivity for materials is:
A. 15.75
B. 0.12
C. 8.33
D. 1.31
Answer: B
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Answer the following statements true (T) or false (F)
1.By widening the size of the domestic market, international trade permits companies to take advantage of longer production runs and increasing efficiencies such as mass production. 2.The theory of overlapping demands applies best to trade in manufactured goods. 3.Decreasing cost conditions lead to complete specialization in the production of the commodity of comparative advantage. 4.According to Staffan Linder, the factor-endowment theory is useful in explaining trade patterns in manufactured goods, but not primary products. 5.The theory of overlapping demands asserts that trade in manufactured goods is stronger the less similar the demand structures of two countries.
__________ is a measure of the number of inhabitants per area unit.
A. Population B. Population size C. Population distribution D. Population density E. Urbanization
The situation in which managers have different (better) information about their firm's prospects than outside investors is known as _____ information.
A. symmetric B. contingent C. asymmetric D. favorable E. unfavorable
The decision of the regional director to dismiss the petition, if the Board agent finds some impediments to an election, is non-appealable.?
Indicate whether the statement is true or false