1.Please discuss major export and import products (1 each) for South Korea, and what happended to their prices over the years.
2.Please cite and explain 1 good/service that has positive externality and therefore the government should subsidize.
Answers
1. Major export and import products and their price changes over the years for South Korea:
South Korea is an export-oriented economy and exports mostly electronic products and automobiles. According to data by the Observatory of Economic Complexity (OEC), the major export products of South Korea are Integrated Circuits (19.5% of total exports), Refined Petroleum (7.98%), Cars (7.69%), and Gas Turbines (3.71%).
The major import products of South Korea include Crude Petroleum (11.8% of total imports), Refined Petroleum (5.16%), and Petroleum Gas (3.95%).The prices of these products have undergone significant fluctuations over the years. For instance, the average export price of Integrated Circuits has been decreasing from $3.17 per unit in 2002 to $1.89 per unit in 2020.
Similarly, the average export price of Cars has declined from $17,188 per unit in 2011 to $10,539 per unit in 2020.
The average import price of Crude Petroleum has fluctuated from $27.5 per barrel in 2005 to $88.9 per barrel in 2011 and then declined to $59.5 per barrel in 2020.
2. Education is an example of a good/service that has a positive externality. Education helps to enhance the skills, knowledge, and productivity of individuals, which results in benefits for the entire society. The government should subsidize education because the social benefits of education exceed the private benefits of education. Individuals who receive an education not only benefit themselves by earning higher salaries but also contribute to the growth and development of the economy by being more productive and innovative.
The government can subsidize education in various ways, such as providing free education, student loans, grants, and scholarships. By subsidizing education, the government can help to reduce the inequality gap, improve the quality of life, and promote economic growth and development.
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Related Questions
How do you get cheap airline tickets?
Answers
Or
If you visit a site that to buy the tickets, turn on your incognito mode! Because prices go up if you visit that site more than once!!
Yw
Which of the following is an example of promotion?
A The quality of a product
B. The price of a product
C. An advertisement
D. An employee who works for your company
Answers
Answer:
A. An advertisement
Explanation:
Answer:
it is c
Explanation:
on edg 2021
Horizon Gifts is involved in corporate gifting solutions for large companies. Cal is a long-time user of the service provided by Horizon Gifts, and he often suggests possible clients to the service's sales representatives. Every time a lead Cal has provided actually makes a purchase, Cal receives a free gift, which might be anything from a can of assorted nuts to a wool muffler. Cal acts as a __________ for Horizon Gifts.
Answers
Answer:
Spotter
Explanation:
Selling Process
This is simply known as an ordered series of actions by the salesperson that is geared toward a customer taking a desired action and often ends with follow-up by the sales person to ensure purchase satisfaction.
Steps in the Selling Process
1. Prospecting
2. Pre-approach (Planning)
3. Approach(60 seconds)
4. Presentation (Trial Close)
5. Objections (Questions)
6. Close
7. Follow-up
Spotter
This is also called Bird Dog. This is said to be a person who offer a fee for service of providing the names of leads to a salesperson.
It can also be defined as individuals who come into contact with mostly a large number of people often in their daily routine. Salespeople use bird dogs as their eyes and ears in the marketplace.
When a tax is imposed, the resulting decrease in consumer and producer surplus is known as a?
Answers
A tax is imposed, the resulting decrease in consumer and producer surplus is known as a price ceiling. The imposed maximum price a seller is permitted to charge for a good or service is known as a price ceiling. Price ceilings are often imposed to necessities like food and energy supplies when they become unaffordable for average customers.
Price ceiling are typically established by law. In essence, a price cap is a form of pricing control. The Price caps can be useful for making necessities affordable, if only briefly. However, economists debate the long-term value of such a ceilings tax.
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capital budgeting decisions usually involve analysis of
Answers
if semi strong form of the efficient market hypothesis is violated, then what other form of efficient market hypothesis is violated
Answers
Strong form of the efficient market hypothesis.
The semi-strong form of the efficient market hypothesis states that all publicly available information is immediately reflected in the stock prices. If this form of the EMH is violated, it means that the stock prices do not react to publicly available information as expected, and it would also mean that both the weak and the strong forms of the EMH would be violated.
The weak form of the EMH assumes that stock prices already reflect all past trading information, including prices, trading volumes, and other technical analysis. If this form of the EMH is violated, it suggests that past stock prices could be used to predict future stock prices.
The strong form of the EMH goes a step further and assumes that stock prices reflect all public and private information, including insider trading. If the semi-strong form is violated, it implies that not only public information but also private or insider information is not immediately reflected in the stock prices, violating the strong form of the EMH.
Overall, the efficient market hypothesis assumes that stock prices fully and immediately reflect all information relevant to the market. Violations of any of the forms of the EMH imply that stock prices do not follow the expected pattern and that it may be possible to gain abnormal returns by exploiting the inefficiencies in the market.
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If the semi-strong form of the efficient market hypothesis (EMH) is violated, it implies that the other two forms of the EMH, namely the weak form and the strong form, are also violated.
This is because the strong form of the efficient market hypothesis assumes that all publicly available and private information is reflected in the stock prices, whereas the semi strong form only assumes that all publicly available information is reflected in the stock prices.
In conclusion, if the semi-strong form of the EMH is violated, it implies that both the weak form and strong form of the EMH are also violated. This suggests that market prices do not efficiently incorporate past price and volume information, publicly available information, and even private or insider information, indicating a departure from all three forms of market efficiency.
Therefore, if semi strong form is violated, it means that some private information is not reflected in the stock prices, which violates the assumption of the strong form as well.
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Which process refers to starting up a computer?
Answers
Which process refers to starting up a computer?
Ans: Booting
Why are most cars manufactured in China?
Answers
Answer:
China remains the world’s largest automotive manufacturing country and automotive market since 2009. Annual vehicle production in China accounted for over 30 percent of worldwide vehicle production, which exceeds that of the European Union or that of the United States and Japan combined.
Explanation:
I found this on a website called statista.com I couldnt find why i am sorry
The number of dependents that people are choosing to have is ?
O decreasing
O increasing
Answers
Current demographic trends show that the number of dependents that people choose to have is Decreasing.
What is the trend in dependants?A general trend that has been noticed in recent years is that people are choosing to have less dependants such as children.
The top reasons for this include more education and increased economic hardship.
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a mail-marketing company combines two inputs, pre-stamped envelopes (input 1) and printed marketing campaign material (input 2). every envelope can be stuffed with two pieces of paper. that is, the number of marketing mailers is determined by the following production function: y
Answers
The cost in the short Run for 9 years is $267 is mathematically given as
This is further explained below.
What is the short run?Generally, The idea of the short run proposes that within a certain time frame in the future, at least one of the inputs will be fixed, while the others will continue to be variable.
In the field of economics, it is used to illustrate the concept that the amount of time an economy has to respond to various stimuli may cause it to behave in a variety of different ways.
\(Y = min( { x_1, \frac{ x_2}{5}\)
So in short run, x_2 = 60, Y = 9
9 = min { x_1, 12}
Now, for 9 units of Y, the required amount of X1 is 9.
Generally, the equation for the short run is mathematically given as
SR = w_1y_1 + w_2*X_2
SR= 3*9 + 4*60
SR= 27 + 240
SR= $ 267
In conclusion, the cost in the short term for 9 years is $267
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CQ is attached below
_____ represents the ability to meet or exceed current and future customer (i.e., buyer and eventually end customer) expectations or requirements within critical performance areas on a consistent basis.
Answers
The ability of a firm to meet the current as well as future expectations of the customers of such firm are represented by supplier quality.
What is supplier quality?Supplier quality can be referred to as a representation of the capacity of any producer or the supplier to be able to satisfy the working and future requirements of its customers.
Hence, the supplier quality represents the fulfillment capacity of the consumer needs in the present as well as the future.
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write the Express of following numbers. Three times x is 11 and 36
Answers
Answer:
3x + 11 = 32
Explanation:
In this case, expressing means creating an equation that describes
the sum of three times x and 11 is 32.
'Sum' refers to the total while 'is' refers to equals to.
therefore, the total of 3x and 11 = 32
i.e., 3x + 11 = 32
If you are at a university and someone asks "what's your MAJOR?" this is what they
want to know:
a) the secondary courses you are taking in college just for fun
b) the academic discipline to which you have formally committed so you can earn
an undergraduate degree
c) which credit cards you have maxed out to afford tuition, housing, food and books
d) which political party you will agree to join and promote on your campus
Answers
Answer:
the answer is B
Explanation:
_______________ unemployment occurs when workers are moving between jobs.
Answers
Frictional unemployment occurs when workers are moving between jobs.
What is frictional unemployment?Frictional unemployment refers to the temporary period of unemployment that occurs when individuals are searching for a new job or transitioning between different jobs. It is a natural part of the labor market as workers often leave one job and take some time to find and secure another job that matches their skills, preferences, and qualifications.
Frictional unemployment can arise due to various reasons, such as individuals voluntarily leaving their jobs, recent graduates searching for their first job, individuals reentering the job market after a break, or workers being laid off and seeking new employment opportunities.
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Toplo: Costa & revenue (2)
Q1
Shampooch is a dog grooming business focused on providing a high quality and professional
service. The selling price for a full aroom, wash, cut and blow dry is £28 per dog with
variable cost of £8 per dog. The fixed costs are 1,000 per month
Activity Calculator
a) the total variable cost if 120 dogs are groomed per month
b) the total fixed costs If 120 dogs are groomed per month
c)the total costs If 120 dogs are groomed per month
Answers
The total variable cost if 120 dogs are groomed per month is £960.
the total fixed costs If 120 dogs are groomed per month is £1000.
The total costs If 120 dogs are groomed per month is £1960
Fixed cost and variable costFixed cost is the cost that remains constant regardless of the number of dogs that are groomed. If one dog or 100 dogs is groomed, fixed cost would remain the same.
Variable cost is the cost the increases with the number of dogs that are groomed.
Total cost is the sum of fixed cost and variable cost.
Total variable cost.Total variable cost = variable cost per dog x total number of dogs
£8 x 120 = £960
Total fixed costs.
The total fixed costs If 120 dogs are groomed per month is £1000.
Total costs
£960 + £1000 = £1960
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The function f(x) = 2,000(1 + )12t models the balance in a savings account.
The savings account had an initial balance of _ and compounds
_ at an interest rate of _
Answers
Answer:
In the exponential function f(x) = P(1 + )nt :
P = principal value
r = the annual interest rate
n = number of compounding periods in a year
t = time in years
For the given function, P = 2,000, r = 0.0225, or 2.25%, and n = 12. So, the interest compounds 12 times a year, or monthly.
Therefore, the savings account had an initial balance of $2,000 and compounds monthly at an interest rate of 2.25%.
Explanation:
Explanation from PLATO
Lightskins or Darkskins
Or Other ?
Answers
Answer:
any kind of boy
Explanation:
I have no type
A _______ assumes collective responsibility for organizing, controlling and supervising their own work activities.
Answers
It should be noted that Low-cost strategy involves group of employees who assume collective responsibility for organizing, controlling, and supervising their own work activities.
What is Low-cost strategy ?Low-cost strategy can be regarded as a pricing strategy which involves low prices of goods and services.
It involves group of employees who assume collective responsibility for organizing, controlling their service.
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Business owners are less optimistic about the health of the economy. What will be the effect on aggregate demand
Answers
The effect on aggregate demand is: left Shift in the Aggregate Demand Curve - expectations.
Effect on aggregate demand
Left Shift in the Aggregate Demand Curve - expectations means that the total amount consumer tends to spend on goods and services are decreasing.
Consumer spending less can occur when things are costly or due to the inflation which is the rise in the price of goods and services in the market.
Inconclusion the effect on aggregate demand is: left Shift in the Aggregate Demand Curve - expectations.
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on january 1, 2023, ryan company paid the premium on a two-year insurance policy in the amount of $8,200. at that time, the full amount paid was recorded as prepaid insurance. after recording the adjusting entry for the insurance policy on december 31, 2023, what would be the balance in ryan company's prepaid insurance account?
Answers
On january 1, 2023, ryan company paid the premium on a two-year insurance of an accounting period, journal entries known as adjusting entries are routinely made to allocate income and costs to the period in which they actually occurred.
Using the revenue recognition concept, accrual-basis accounting adjusts entries for unearned and accruing revenues. Due to the fact that they are made on balance day, they are sometimes referred to as balance day adjustments.
data supplied
Policy term is four years.
$12,000 is the policy's amount.
The premium is due on January 1, 2013.
Date of Entry Revision: December 31, 2015
Now,
The period from January 1, 2013, to December 31, 2015, or three years, elapsed.
Therefore,
Amount to be recognised on December 31, 2015, as an insurance expense.
elapsed time equals $12,000
Total policy length = $12,000 times four minus $9,000
As a result, the balance in the prepaid insurance account is equal to $12,000-9,000, or $3,000.
Therefore, $3,000 is the answer.
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Suppose the risk-free retum is 3.1% and the market portfolio has an expected retum of 8.8% and a standard deviation of 16%. Johnson & Johnson Corporation stock has a beta of 0.28. What is its expected return? The expected return is _____ % (Round to two decimal places.)
Answers
Expected Return = 3.1% + 1.596% = 4.696%, After rounding to two decimal places, the expected return for Johnson & Johnson Corporation stock is 4.70%.
To calculate the expected return of Johnson & Johnson Corporation stock, we'll use the Capital Asset Pricing Model (CAPM). The CAPM formula is:
Expected Return = Risk-free Rate + Beta * (Market Return - Risk-free Rate)
In this case, we are given the following information
- Risk-free Rate (Rf) = 3.1%
- Market Return (Rm) = 8.8%
- Standard Deviation (σ) = 16% (not required for this calculation)
- Beta (β) = 0.28
Now, let's plug in the values into the CAPM formula:
Expected Return = 3.1% + 0.28 * (8.8% - 3.1%)
First, we'll calculate the difference between the Market Return and the Risk-free Rate:
Difference = 8.8% - 3.1% = 5.7
Next, we'll multiply this difference by the stock's Beta:
Beta Portion = 0.28 * 5.7% = 1.596%
Finally, we'll add the Risk-free Rate to the Beta Portion to find the Expected Return: 4.696%
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1.) Select which part of the expenditures approach of calculating the GDP is being described: All private consumption in a nation's economy is part of this expenditures approach for calculating the GDP.
sum of all the country's businesses spending on capital
gross imports
consumer spending
sum of government spending
gross exports
2.)Select which part of the expenditures approach of calculating the GDP is being described: Purchase of weapons for the military is part of this expenditures approach for calculating the GDP.
consumer spending
gross imports
sum of all the country's businesses spending on capital
gross exports
sum of government spending
Answers
Answer:
Selection of the part of the expenditures approach of calculating the GDP is being described:
1. All private consumption in a nation's economy is part of this expenditures approach for calculating the GDP.
=
consumer spending
2. Purchase of weapons for the military is part of this expenditures approach for calculating the GDP.
=
sum of government spending
Explanation:
The expenditures approach to Gross Domestic Product (GDP) is calculated as consumption + investment + government expenditure + exports – imports. Consumption refers to the consumer spending while Investment refers to the sum of all the country's businesses spending on capital.
Private consumption is part of the consumer spending when using the expenditures approach for calculating the GDP.
Purchase of weapons for the military is part of government spending.
What is the expenditures approach?Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households on durable and non durable goods + Investment spending by businesses + Government spending + Net export
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What type of communication would take the MOST planning?
A an email to a teacher about a late assignment
B a research paper on civil engineering
C a text to friends about an upcoming party
D a response to a discussion question
Answers
Answer: I could be wrong .. so I'm sorry if it is but I think it's B, I will take the test and confirm
Explanation:
sorry if wrong :(
A tax that takes a higher percentage of income from people with lower
incomes is a
A. progressive tax
B. deductive tax
C. dependent tax
D. regressive tax
Answers
A regressive tax is a tax that takes a higher percentage of income from people with lower incomes. Hence, option D is correct.
What is regressive tax?When the overall tax burden drops as income increases, the tax is said to be regressive. While middle- and high-income taxpayers suffer a proportionally smaller part of the tax burden, low-income taxpayers bear a disproportionately large share.
Every taxpayer, regardless of economic level, pays the same amount of money, a regressive tax may initially seem to be a fair method of taxing residents. A closer analysis reveals that such a tax results in lower-income persons paying a bigger percentage of their income than do wealthy ones.
Thus, option D is correct.
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Tina shopped for office stationery online. She browsed a few music playlists of another website in a separate browser. She had a high-speed Internet connection. So, she could complete the stationery purchase quickly. At the checkout page, she entered her credit card details. She also entered the delivery address. She then checked her mail for any new emails. Which data from the online shopping portal will typically be stored in a data warehouse?
Answers
The Behavior data from the online shopping portal will typically be stored in a data warehouse.
What is Go.gle Analytics?This is known to be a Website that is said to give or provide web analytics service and it is one that tracks and reports website traffic or behavior.
Note therefore, through the use of Go.ogle Analytics, The Behavior data from the online shopping portal will typically be stored in a data warehouse.
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Answer:
1. Credit card details 2. Delivery address
Explanation:
9. On a hot afternoon, an ice cream vendor bought 50 orange bar at 4. 50 each. However, it rained when he reached the fair-ground and he got only 189 for all the ice cream. What wa the lo him? per cent uffered by
Answers
The ice cream seller suffered a loss of 16%. It can be calculated by calculated total cost first.
Seller is a person or company that offers goods or services for sale. Sellers can be individuals selling goods online or through personal selling, or they can be businesses selling products to customers through online stores or platforms. Sellers can be wholesalers or retailers, depending on the goods they sell and the target market they serve. The seller's role is to identify the needs and wants of their customers and offer a product or service that satisfies those needs. They may also be responsible for setting prices, promoting their products, and managing their inventory.
Losses experienced by ice cream sellers can be calculated as follows:
The total cost of 50 oranges at 4.50 each is 50 * 4.50 = 225.
The seller receives 189 for all the ice cream, so the difference between costs and revenue is 225 - 189 = 36.
Loss as a percentage of cost can be calculated as (36 / 225) * 100 = 16%.
So, the ice cream seller suffered a loss of 16%.
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as a business how do you respond when crisis is occur
Answers
Answer:
you need to keep calm and assist your staff on doing the same. Together, you can ride out a crisis and ensure the business remains open, operating, and afloat for when the crisis is over. It is a challenge to stay calm among the chaos created by a crisis
Explanation:
How should work history be listed
a{with the most recent experience last
b{in a separate document
c[in your cover letter
D{with the most recent experience first
Answers
Answer:
It depends on whether you have a lot of work experience- if you do then you want to list your work history first and if you don't then you want to list your education first.
Explanation:
Answer: with most recent experience first
Explanation: I took the test
"Development of society means the transformation of society." Elucidate it by giving examples .
Answers
Answer:
Development of society means transformation of the societies structure and its relations. For there to be a development in a society, its structure has to be changed.
Explanation:
Development of society means transformation of the societies structure and its relations. For there to be a development in a society, its structure has to be changed.
Over the years, various rules and regulations restricting the activities of people living in society have been made. Some of these regulations have been positive while some negative. This has lead to various society transformation like from simple to complex, unity to diversity, uncivilization to civilization and primitive and so on.
For there to be development they have to be transformation.
Which part of the SMART process do you have the hardest time putting into practice?
Answers
The SMART process is acronym that stands for the Specific, Measurable, Achievable, Relevant, and Time-bound.
What is SMART process?The SMART process is a goal-setting framework that helps individuals and organizations define and achieve their objectives effectively. Specific refers to setting clear and well-defined goals that are focused and unambiguous. Measurable means that the goal must be quantifiable, so progress can be tracked and measured objectively. Achievable refers to setting goals that are realistic and attainable with the available resources and abilities. Relevant means that the goal must be aligned with the individual or organization's mission, values, and strategic objectives. Time-bound means that the goal must have a deadline or timeline for completion, so progress can be tracked and the goal can be achieved within a set timeframe. The SMART process helps individuals and organizations to set goals that are clear, achievable, and measurable, increasing the likelihood of success.
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