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Comparative analysis of planning output involves evaluating and contrasting the results of different planning scenarios or strategies to assess their effectiveness and efficiency. It helps organizations identify strengths and weaknesses, enabling informed decision-making based on quantitative and qualitative metrics. By comparing outputs, planners can optimize resources, improve processes, and enhance overall performance in achieving strategic goals. This approach also fosters learning from past experiences and best practices.

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Which international trade concepts results in specialization and trade increases in total world output?

comparative advantage


Why is world output larger when international trade policy is based on comparative advantage?

World output is larger under international trade policies based on comparative advantage because countries specialize in producing goods and services for which they have the lowest opportunity costs. This specialization leads to more efficient resource allocation and increased overall productivity. As nations trade their specialized products, they benefit from a greater variety of goods and enhanced economies of scale, ultimately boosting global economic output. Consequently, comparative advantage fosters a more interconnected and efficient global economy.


The total output of a group of individuals and the entire economy will increase when each good is produced at the lowest cost.?

law of comparative advantage(Kaylop)


What is the interpretation of the Leontief inverse matrix in the context of input-output analysis?

The Leontief inverse matrix in input-output analysis shows the direct and indirect relationships between different sectors of an economy. It helps to understand how changes in one sector can impact other sectors through interdependencies in production and consumption.


With a given level of world resources international trade may bring about an increase in total world output?

With a constant level of world resources, international trade brings about an increase in total world output. International trade causes each country to specialize in the production of goods in which it has a comparative advantage. In this case, the world uses its resources more efficiently resulting in additional output.

Related Questions

What has the author Jan Oosterhaven written?

Jan Oosterhaven has written: 'Interregional input-output analysis and Dutch regional policy problems' -- subject(s): Input-output analysis, Mathematical models, Regional planning


What has the author Hollis Burnley Chenery written?

Hollis Burnley Chenery has written: 'Studies in development planning' 'Interindustry economics' -- subject(s): Input-output analysis 'Structural change and development policy' -- subject(s): Comparative economics, Economic conditions, Economic development


What has the author Edward Y George written?

Edward Y. George has written: 'Input-output analysis, its use for planning and development'


What has the author Yukio Kaneko written?

Yukio Kaneko has written: 'Input output table and input output analysis' -- subject(s): Input-output analysis, Input-output tables 'Sangyo renkan no keizai bunseki'


What is data output?

Data output is the method by which data can be studied or manipulated as needed by a researcher. Any statistical analysis has this processed data that is ready for analysis.


What is Goal-seeking analysis?

goal-seeking analysis


Which international trade concepts results in specialization and trade increases in total world output?

comparative advantage


What has the author Clifford D Jones written?

Clifford D Jones has written: 'Input-output analysis applied to rural resource development planning' -- subject(s): Computer programs, Production functions (Economic theory)


What analysis attempts to find the value of the inputs necessary to achieve a desired level of output?

Goal Seeking analysis


What is the medical term meaning output exceeds intake?

Diuresis is the medical term meaning liquid output exceeds intake.


What are correct statements about project planning?

The primary output of the planning process group is the PM plan Planning happens simultaneously Throughout the project life cycle, the planning processes are implemented and planning docs are updated


What has the author Paula C Young written?

Paula C. Young has written: 'Summary input-output tables of the U.S. economy' -- subject(s): Economic conditions, Input-output analysis, Input-output tables 'Summary input-output tables of the U.S. economy, 1976, 1978, and 1979' -- subject(s): Economic conditions, Input-output analysis, Mathematical models