answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
alexira [117]
2 years ago
15

Suppose that Norway is a small country and currently produces 100,000 board feet of lumber at $600 per 1,000 board feet. Then it

begins to trade at the world price of $500 per 1,000 board feet. As a result of trade, Norway's production falls to 50,000 board feet and its consumption increases to 200,000 board feet. How many board feet of lumber does Norway now import?
A) 250,000 board feet
B) 200,000 board feet
C) 150,000 board feet
D) 100,000 board feet
Business
1 answer:
natulia [17]2 years ago
4 0

Answer:

The correct answer is C) 150,000 board feet.

Explanation:

In order to meet domestic demand, Norway must import the goods produced in other countries, which means that there is no price increase due to the shortage of the good.

If Norway only produces 50,000 board feets and the demand is 200,000, then it will be forced to introduce the missing amount that comes from other countries.

You might be interested in
When the company is hosting an event, managers should assign event preparations to a ________. Preparations include trucking in
sesenic [268]

Answer:

Cross functional team / will increase

Explanation:

A cross functional team can be defined as a team formed by people with different areas of expertise, as is the case of a team specialized in the organization of business events.

Cross functional teams have the advantages of making work more effective and more productive by the possibility that each person is responsible for a different area and therefore the work takes place in a much more flexible, dynamic and creative way, since there is greater autonomy, greater capacity to communication and lower hierarchy in these teams, and the greater the diversity of professionals, the more the teams will be innovative and productive.

6 0
1 year ago
During the meeting, the manager exclaims "I am in charge" in order to initiate structure, set goals, assign tasks, and take conc
mart [117]

Answer:

<u>Directive.</u>

Explanation:

House's original path-goal theory is based on the theory that the behavior exerted by the leader must be adjusted according to the work environment and the employees, so that there is motivation, satisfaction and improvement in the performance of the employees to achieve of goals.

According to House and Mitchel, there are four styles of leaders:

  1. Directive,
  2. Supportive,
  3. Participative, and
  4. Achievement.

So on this issue, the leadership style that best fits is the directive leader.

In this leadership style, it is the leader who provides the guidelines for the development and execution of tasks, and the coordination of work. The leader provides clear goals and expectations about performance to achieve the expected results.

5 0
2 years ago
"...there is quite as much trouble in the reformation of an old constitution as in the establishment of a new one, just as to un
Otrada [13]
This is an excerpt from Politics by Aristotle. It is a work of political philosophy by Aristotle. The end of the Nicomachean Ethics professed that the review into ethics essentially follows into politics, and the two works are commonly considered to be parts of a larger discourse, or perhaps connected lectures, dealing with the "philosophy of human affairs." The title of the Politics literally means "the things concerning the polis." This book is divided into eight books which are each further divided into chapters.
5 0
2 years ago
Read 2 more answers
(18.20) the coach of a college men's soccer team records the resting heart rates of the 27 team members. you should not trust a
drek231 [11]

Answer:

Explanation:

The coach of a college men’s soccer team records the resting heart rates of the 27 team members. You should not trust a confidence interval for the mean resting heart rate of all male students at this college based on these data because;

(a) with only 27 observations, the margin of error will be large.

(b) heart rates may not have a Normal distribution.

(c) the members of the soccer team can’t be considered a random sample of all students.

7 0
2 years ago
First National Bank (FNB) has a reserve ratio of 20 percent, a required reserve ratio of 10 percent, and deposits of $1,000. If
Vadim26 [7]

Answer:

The correct answer is then it has required reserves of $110 and holds excess reserves of $190.

Explanation:

According to the scenario, computation of the given data are as follows:

Total deposit = $1,000 + $100 = $1,100

So, we can calculate the total reserve required by using following formula:

Total reserve required = 10% × Total deposit

= 10% × $1,100 = $110

And Previous excess = $100

Current access = $90

So, Excess reserve =  Previous excess +  Current access

= $100 + $90

= $190

5 0
2 years ago
Other questions:
  • Why was it inefficient to leave highway construction to individual states?
    12·1 answer
  • Which of the following is NOT a proposition of the Heckscher-Ohlin model? Countries will completely specialize in the product in
    6·1 answer
  • Economists often are interested in percentage change from one period to the next. The percentage rate of change of gross domesti
    9·1 answer
  • Suppose the price of a Snickers candy bar is $2.00 at both the airport and the grocery store. The price elasticity of demand for
    5·2 answers
  • Suppose a basket of goods and services has been selected to calculate the consumer price index (CPI) and 2002 has been chosen as
    8·1 answer
  • Shoe manufacturers are not going to buy much more leather if the price of leather falls, nor will they buy much less leather if
    6·1 answer
  • Valerie is in the business of selling toys. She has noticed that the sale of toys increases on long holiday weekends. She has in
    12·1 answer
  • Pepsi has cooperated with America on the Move to improve many of its products and their labels, such as reducing the saturated f
    15·1 answer
  • Which of the following is the best thing to consider when making comparisons between job offers? a. gross pay b. total employee
    6·1 answer
  • Suppose that Markus Braun was trying to decide where he should open businesses next. He wants to make a rational decision. What
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!