In Figure 2.3, the marginal rate of transformation of wheat into autos is
a. one and two-thirds.
b. two and one-third.
c. three fifths.
d. three sevenths.
a. one and two-thirds.
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Answer the following statements true (T) or false (F)
1.According to Ricardian theory, comparative advantage depends on relative differences in labor productivity. 2.The Heckscher-Ohlin theory asserts that relative differences in labor productivity underlie comparative advantage. 3.The factor-endowment theory highlights the relative abundance of a nation's resources as the key factor underlying comparative advantage. 4.According to the factor-endowment theory, a country will export that good which intensively uses the country’s relatively scarce resource. 5.According to the factor-endowment theory, a country will import that good which intensively uses the country’s relatively abundant resource.
Which of the following can be categorized as a strategic customer-based value metrics?
A) RFM value B) acquisition cost C) market share D) share of wallet
After initially recording an asset at cost, fair value is
A) the price at which an asset could be sold in a current transaction between independent parties. B) the actual, or historical, price at which the asset was acquired. C) the easiest value used to measure and record assets. D) verifiable at all future dates by referring to the invoice price paid for the asset.
The lead is the most critical component in the structure of a news release
Indicate whether the statement is true or false