This topic contains a solution. Click here to go to the answer

Author Question: The year in which euro coins and paper currency were introduced and participating euro zone ... (Read 255 times)

mspears3

  • Hero Member
  • *****
  • Posts: 586
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?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Bsand8

  • Sr. Member
  • ****
  • Posts: 327
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.




Bsand8

  • Sr. Member
  • ****
  • Posts: 327

 

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

For a complete list of videos, visit our video library