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Author Question: The year in which euro coins and paper currency were introduced and participating euro zone ... (Read 297 times)

mspears3

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on: Jun 29, 2018
The year in which euro coins and paper currency were introduced and participating euro zone countries withdrew old domestic currencies from circulation was
 
  A) 2007. B) 2002. C) 1999. D) 1995.

Question 2

How can a firm have a negative valued added, as supposedly some state-owned businesses did in the former Soviet Union? What has to be true for value added to be negative?
 
  What will be an ideal response?


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Bsand8

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A negative value added means that the cost of the intermediate goods exceeds the price of the final product produced using the intermediate goods. For value added to be negative, a firm would use its primary factors of production, such as labor and capital equipment, to produce a product from the intermediate goods that is less valuable than the intermediate goods themselves.


mspears3

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Reply #2 on: Jun 29, 2018
Correct answers!


Bsand8

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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