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11. Why is communication a process?
2. What are the important elements of communication?.
2.Based on the conducted semi-structured interview/online correspondence with an OFW and materials you have read and watched, work on an expository essay with the following points as your guide (but do not be limited to this guide):
3.Why does the production possibility curve slopes downwards to right and why is it concave from the origin ?
please explain in simple language and also in detail
4.Crime prevention is considered a public good. a) What are public goods and services? Explain why public goods and services are provided. b) Identify and explain the characteristics of public goods and services.- c) What is a common method used to determine an appropriate quantity of crime prevention activities, and detail how it would be evaluated? d) What else must be considered in determining the appropriate level of expenditure on crime prevention activities? Use a graph to illustrate. ? I
5.estion 8 is based on the following diagram: a ? b IS, IS Which one of the following statements is correct? Goods market equilibrium exists only at points a and b. At point c the level of autonomous spending is lower than at point a. At point c the level of autonomous spending is the same as at point a. At point a the demand for goods is lower than at point b. 85
6.Use the Heckscher-Ohlin (HON) Trade Model to analyze trade patterns between the two countries represented by Table 1. (Total: 15 points). Table below represents the availability of production factors in Nigeria and South Africa.
South Africa Nigeria 2 machines Capital 50 machines Labor 150 workers 10 workers
1. Based on the above table, calculate the factor abundance of both countries
2. Based on the aforementioned ratios which country offers the best labour opportunity. Motivate your answer.
3. Considering the aforementioned which country, South Africa or Nigeria, will export the capital-intensive product?
Please use this google drive link to download the answer file.
ANSWER 1.https://drive.google.com/file/d/1R-sQR05YsHRZgUDDVGbaYrduuzXfEjqe/view?usp=sharing
ANSWER 4.https://drive.google.com/file/d/1Zmcm7f0Lh0yrSn6ltrzeGx01rn90rxn8/view?usp=sharing
Note: If you have any trouble in viewing/downloading the answer from the given link, please use this below guide to understand the whole process.
https://helpinhomework.org/blog/how-to-obtain-answer-through-google-drive-link
2.Make sure to train international employees early and often Make sure thet the information giving during orientation seminars, and training programes is not ambiguous and while you will want to accept and celebrate the cultural nuances of each employee ,make sure to that these do not adversly affect your own company culture
Train the local employees to look at the world from eyes and mindset of those who are not like them .The bggest mistake a lot of people make is seeing the world only from their own points of view .Diversity in the work place should not only be tolerated but should be accepted and embraced
Differnt people are more comfortable receving information in particular ways
For example, while others are okay with receiving information through SMS or mass notification system ,some will only be comfortable receving information in person
While some culture -specific jargon and slang words may be understanable to your local employees,forgine and international employees may not understand what you are trying to say.This lack understanding lead to confusion ,frustration and even offence so use simple and clear language instead whether you are sending messeges throuh a mass notification systems
Be open to hearing about howsomeones race,gender,sexuality and more might be impacting their experiance in your workplace .Having more knowledge of your team members backgrounds helps you understand not only how to communicate with them ,but can also shed light on where they might have different priorities, motivating factors,and blind spots.
3.Why PPF slope downwards:
PPF is downward sloping due to the concept of opportunity cost. The slope of the PPF is called Marginal Rate of Transformation MRT. Opportunity cost is the cost of next best alternative foregone. Opportunity cost is also called the slope of PPF. Since, there is a trade-off between two goods (to gain an additional unit of one good, some quantity of other good must be sacrificed), the slope is always negative. That is why, the PPF has negative slope and slopes downward.
Why PPF is concave from origin:
As a consumer moves from top left to the right of the PPF curve, the slope increases. There are increasing opportunity costs which implies that to gain an additional unit of one good, more and more quantity of the second good has to be sacrificed. Hence, the productivity of allocating higher amount of resources to a singe good falls over the time. That is why, PPF is concave from origin.
4. Public goods are goods that are usually accessible to all individuals inside a general public or network and that have two explicit characteristics: they are non-excludable and non-rivalrous. Everybody approaches use them, and their utilization doesn't exhaust their accessibility for sometime later.
Public goods are significant on the grounds that they are intended to be accessible to general society as a rule and have explicit characteristics that prevent people or gatherings from being not able to access them. They likewise should have the option to withstand use without then getting inaccessible to future users.
b) Two main characteristics of public goods are-
c) The method that will be used to identify the appropriate quantity of crime prevention activities is by cost benefit analysis. If the cost of providing such activities is greater than the benefits recieved than the good will not be provided. And vice versa
this can be evaluated by Marginal cost (supply curve)
5.
Option A is incorrect because goods market is in equilibrium when aggregate demand = consumption + invsetment + government spending + exports - imports while we are not given any of these variable.
Option B is incorrect because increase in autonomous spending will shift IS curve to its right.
Option C is incorrect as level of investment is more at point c than a.
Option D is correct because demand is lesser at point a than b.
6.
Before giving answers of following questions lets first understand what the Heckscher-ohiln theory states.
Heckscher ohlin theory says that, main determinant of the pattern of specialization, production and trade is due to difference in factor endowment and factor prices. Some countries have more or cheap capital where as some countries have more or cheap labour in their economy. And further theory says that, country who have cheap or more labour will produce and export labour intensive good and the country who have more and cheap capital will produce and export capital intensive good.
Solution1. the factor abundance of both countries: -
· Csa / Lsa > Cn / Ln (here C :- quantity of capital and L : - quantity of labour )
· 50/150 > 2/10
· 1/3 > 1/5
South Africa : - From the above calculation we can clearly see that south Africa is capital abundance country.
Nigeria : - From the above calculation we can clearly see that Nigeria is labour abundance country.
Solution2. From the above information Nigeria offers the best labour opportunity.
· Ls /Csa < Ln/Cn
· 150/50 < 10/2
· 3 < 5
As we can see from the above ratio, the labour is more abundant in the Nigeria. And as there is abundance of labour in Nigeria it would be relatively cheaper than capital, so it Nigeria provide best labour opportunity.
· Solution3 South Africa will export the capital-intensive product. South Africa is abundant in capital (1/3 > 1/5 ) , and capital is also cheap in the south Africa. So, they can produce capital intensive good with lower cost and export internationally at a lower price.
