Answer:
Comparative advantage
Explanation:
The reason is that Japan has less oportunity cost to manufacture cameras than US, so the Japanese companies has an advantage over US companies to compete not on efficiencies but on the cost of the product. Japanese camera won the US market very easily because the japanese camera costs very less to produce in Japan rather than in US. So the comparative advantage theory explains this trade of cameras in international trade with a better explanation.
Answer:
a default setting for displaying all the data in a table
Explanation:
Datasheet View is default settings in Database Management System, which allows access to view the displayed data organized in columns and rows similar to an excel worksheet.
It also allow options for enter, delete or modify the data in a table.
Hence, in this case, the best idea that explains the Datasheet view is a default setting for displaying all the data in a table
In United Kingdom, we assume that there are 22.36 million home and approximately £2,938 million money in total do UK households pay for their electricity per year, we use 365 days in a year. The answer in this question is £2,938 million is the money in total do UK households pay for their electricity per year.
Answer:
increase the price of weekend and evening tickets
decrease the price of matinee tickets
Explanation:
If the price elasticity of demand is elastic, a small change in the price of movie tickets will cause a larger change in the quantity demanded. If the price elasticity of demand is inelastic, a large change in the price will cause a small change in the quantity demanded.
If the PED for weekend and evening patrons is inelastic, then the movie theater should increase the price of the weekend and evening tickets in order to increase total revenue. In this case, a 10% increase in price will result in a 5% decrease in sold tickets.
If the PED for matinee patrons is elastic, then the movie theater should decrease the price of the matinee tickets in order to increase total revenue. In this case, a 10% decrease in price will result in a 17% increase in sold tickets.
Answer:
The output growth rate is 3%.
Explanation:
Use the growth accounting equation as follow
ΔA% = ΔY% - αΔK% - βΔL%
Where
∆A = change in productivity = 2%
∆K = growth in capital =
∆L = growth in labor =
α = elasticity of capital = 0.2
β = elasticity of labor = 0.8
∆Y = change in output = ?
Placing values in the formula
2% = ΔY% - ( 0.2 x 1% ) – ( 0.8 x 1% )
2% = ΔY% - 1%
ΔY% = 2% + 1%
ΔY% = 3%
Hence, the output growth rate is 3%.
