Both questions 15 & 16. (16 has MORE than one answer). sportation systems (roads, bridges, canals, ports and airports).O (b) Provision of private contracts insuring against the loss of cargo in transit, and other commercial risks.O (c) The expansion and augmentation of broadband internet.(d) Establishment of industry-wide interoperability standards in information and communication technology.O(e) All the aboveQUESTION 1515. Which of the following are important determinants of one's productivity?O (a) The tools, with which one works-tools that are often made available by the employer(b) The skill level of one's co-workersO (c) The economy's transportation and communication systemsO (d) The ethical behavior of society, at least as it relates to commercial transactions(e) All the aboveQUESTION 1616. Which of the following statements is true?(a) Mutually beneficial exchange requires the absence of coercion frau and the ability of the parties to the exchange beingbenefits.(b) For one country to gain from trade the other has to lose.(c) Only the most efficient producer of a good has the comparative advantage in that good.(d) Even the worst producer of all goods will always have a comparative advantage in at least one good and will be able to sell that good.(e) It is possible for exchange which is not mutually beneficial to go forward if the costs of "transition," (shifting resources from the import competing industry to theexport industry) are high enough.(f) The best way to counter the "special interest" problem where producers of import competing goods lobby against trade, is compensation.Click Save and Submit to save and submit. Click Save All Answers to save all answers.alculate their costs andMacBook Air

Answered: QUESTION 15 15. Which of the following…

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Both questions 15 & 16. (16 has MORE than one answer).

sportation systems (roads, bridges, canals, ports and airports).
O (b) Provision of private contracts insuring against the loss of cargo in transit, and other commercial risks.
O (c) The expansion and augmentation of broadband internet.
(d) Establishment of industry-wide interoperability standards in information and communication technology.
O(e) All the above
QUESTION 15
15. Which of the following are important determinants of one's productivity?
O (a) The tools, with which one works-tools that are often made available by the employer
(b) The skill level of one's co-workers
O (c) The economy's transportation and communication systems
O (d) The ethical behavior of society, at least as it relates to commercial transactions
(e) All the above
QUESTION 16
16. Which of the following statements is true?
(a) Mutually beneficial exchange requires the absence of coercion frau and the ability of the parties to the exchange being
benefits.
(b) For one country to gain from trade the other has to lose.
(c) Only the most efficient producer of a good has the comparative advantage in that good.
(d) Even the worst producer of all goods will always have a comparative advantage in at least one good and will be able to sell that good.
(e) It is possible for exchange which is not mutually beneficial to go forward if the costs of "transition," (shifting resources from the import competing industry to the
export industry) are high enough.
(f) The best way to counter the "special interest" problem where producers of import competing goods lobby against trade, is compensation.
Click Save and Submit to save and submit. Click Save All Answers to save all answers.
alculate their costs and
MacBook Air

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Labor productivity:

Labor productivity defines the amount of real output that can be produced by each unit of labor hour. It reflects the economic performance done by every laborer based on the given technological situation and other input conditions.

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