Classify each example as either relating to human capital, physical capital, or technology.
- An increase in adult literacy affects
- An increase in the number of company cars impacts
- An increase in the number of college graduates impacts
- New distribution techniques affect
- An increase in the number of company computers affects
- More people graduating from culinary school affects
- A new cancer treatment affects
- A doctor's knowledge about a new cancer treatment affects
WORD BANK
physical capital.
human capital.
technology.
Answer:
1. human capital.
2. physical capital.
3. human capital.
4. technology.
5. physical capital.
6. human capital.
7. technology.
8. human capital.
Explanation:
Human capital refers to the knowledge, skills, experiences, capabilities acquired by an individual inorder to the productivity. Physical capital refers to those inputs that contribute in the production process. It basically means the factors of production like land, building, machinery, etc. Technology refers to research, innovations and development. In other words, it means innovating something new.
Human capital is the knowledge and ability that workers have that allow them to perform their job or to perform it better. Some examples of human capital are the knowledge obtained through various types of education and training as in the case of more college graduates, individuals going to culinary school, adult literacy, and doctors learning about a new way to treat cancer.
Physical capital consists of those physical resources that are used in production but that are not inputs in production. Examples of these are company computers and company cars that presumably enhance workers' ability to perform their tasks.
Technology consists of the processes by which capital is employed in the production process. For example, improvements in a distribution process or in cancer treatments are both examples of technologies.
"prevention is better than cure"Justify the statement.in long
Prevention is better than cure because it saves us from the harm of curing through medicines. Prevention is a safe way to remain away from any problem. We just need to maintain a healthy and disciplined lifestyle all through life. Whereas, our carelessness lead us to cure using medicines or other treatments. Cure cannot cure us completely however prevention keeps us away from danger and maintains normal health.
Theodosius left a will instructing the Romans to do what after his death?
Answer:
He decided to have the Roman Empire divided.
Explanation:
One of the key underpinnings of public choice analysis is the assumption that politicians and bureaucrats
make political decisions based on self‑interest, just as individuals and firms do.
make political decisions based primarily on benefiting future generations.
seek only to maximize long term economic growth through increasing GDP.
act not out of self‑interest but desire to increase the general utility of the public.
Answer:
a. make political decisions based on self‑interest, just as individuals and firms do.
Explanation:
Public choice analysis is the combination of political science and economics and analyzes political decision making. One key assumption of public choice theory is that politicians are rational, self‑interested, economic agents. Like all other economic agents, they make decisions based on their own self‑interest (specifically, to satisfy constituents and retain their positions). It leads to rise of interest groups, logrolling and rent seeking behavior from the politicians and bureaucrats which leads to inefficiency.
What is a third or minor party
Answer:
The U.S. has a two party system. Democrats and Republicans are the main parties. A third or minor party is a U.S. political party but a smaller one. Hope this helps!
Classify the events according to their impact on aggregate demand (AD).
1. A dramatic decline in the average price of houses will _____________.
2. Increased concern that a recession is looming will _____________.
3. An announcement by the central bank to maintain its existing monetary policy will _____________.
4. A reduction in government spending will _____________.
5. A dramatic improvement in the stock market, causing investors' wealth to rise, will _____________.
6. A recession occurring in a trading partner's economy will _____________.
7. An increase in income tax rates on individuals earning more than $450,000 per year will _____________.
WORD BANK
not change AD.
increase AD.
decrease AD.
Answer:
1. decrease AD.
2. decrease AD.
3. not change AD.
4. decrease AD.
5. increase AD.
6. decrease AD.
7. decrease AD.
Explanation:
Aggregate demand (AD) measures the total amount of spending that occurs in an economy and can be segmented into consumption spending, government spending, investment spending, and net exports. A key principle in this example is that AD increases when there are increases to any of these individual components of AD and decreases when the individual components decrease.
Several of the events in this example describe direct changes in the components of AD:
- A reduction in government spending leads to a decline in AD as it is associated with fewer goods and services being purchased.
- An increase in tax rates reduces disposable income and therefore causes consumption spending to decline.
- When recessions occur abroad, foreigners purchase fewer imported items. (e.g., a recession in Europe means that American firms will export less to Europe.) Thus, net exports decline as trading partners experience recessions, which causes AD to fall.
- Consumer confidence also impacts spending in that people are more inclined to make purchases when feeling optimistic and more inclined to save when feeling concerned about the economy.
- Wealth is another factor that affects AD. People buy more goods and services when they have more wealth and vice versa. Therefore, an increase in wealth associated with rising stock prices increases AD, whereas falling wealth from declining housing prices reduces AD.
- Changes in the money supply also can lead to AD shifts. When the money supply grows more rapidly, there are increases in spending and the AD shifts to the right, and vice versa. In this example, growth in the money supply is said to be stable, implying that AD will neither increase nor decrease.
High Power Distance Index countries are more egalitarian than low Power Distance Index countries. Group of answer choices True False
It is a false statement that the High Power Distance Index countries are more egalitarian than low Power Distance Index countries.
What is the difference between the two countries?
A High Power Distance country have a culture that gives great deference to a person of authority while the Low Power Distance country have a culture that values the equal treatment of everyone.
Hence, it is false that the High Power Distance Index countries are more egalitarian than low Power Distance Index countries because both country priotize people having a equal rights and opportunities.
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If the government of Balancia runs a deficit of $50 million per year in Year 1 and in Year 2 due to its recession, but then has a $100 million surplus in Year 3 due to strong economic recovery, Balancia is likely following which type of rule?
Functional finance
Cyclically balanced budget
Biannually balanced budget
Annually balanced budget
what do you do to protect the heritage in your community? write any one activity.
Answer:
creating public awareness among the people about the importance Heritage.
Please use the graph to answer the given questions. Assume the people act rationally.
1. Which of the statements best describes a situation represented by point A?
a. Wayne projects that if he takes out a loan to open another gym franchise, he will earn a lower return than the interest rate he would have to pay, so he decides against it.
b. Jeff agrees to lend money to his brother, who plans to use the funds to open a shoe store.
c. Janine predicts that, if she borrows to expand operations, she will earn a rate of profit higher than the interest rate of the loan. So, she decides to take out the loan.
d. Carly decides against purchasing a corporate bond because she has another investment opportunity that returns 14%.
2. Given the market conditions, what will be the prevailing interest rate?
a. 14%
b. 2%
c. 18%
d. 6%
e. 10%
3. Given the market conditions, how much will be available in loanable funds?
a. $70 billion
b. $10 billion
c. $90 billion
d. $30 billion
e. $50 billion
Answer:
a. Wayne projects that if he takes out a loan to open another gym franchise, he will earn a lower return than the interest rate he would have to pay, so he decides against it.
e. 10%
e. $50 billion
Explanation:
Point A represents a situation in which projects that promise a rate of return lower than the prevailing interest rate will not be funded.
Since Wayne's expansion of his gym franchise promises a return which is lower than the interest rate he would have to pay, he will not choose to expand. This scenario aligns with point A. Each of the three remaining scenarios also correspond to a quadrant on the graph.
Janine decides to take out a loan and expand because she projects a rate of return higher than the interest rate, represented by the demand curve above equilibrium (the upper left).
Jeff providing a loan to his brother indicates that the expected return is higher than the interest rate the brother will be paying Jeff. Jeff's situation is represented by the supply curve below equilibrium (the lower left). Recall that for supply/demand graphs, the area below the demand curve and above the supply curve to the left of the equilibrium point is total surplus because exchanges are being made between the buyers and sellers.
Lastly, Carly deciding whether or not to purchase a corporate bond is equivalent to her deciding whether or not to provide a loan to the corporation issuing the bond. Her decision not to buy is due to her unwillingness to accept an interest rate below 14%, and thus she is represented by the supply curve above equilibrium (the upper right).
The market for loanable funds operates much as a normal supply and demand model, with the interest rate on the vertical axis (the price of borrowing) and quantity of loanable funds on the horizontal axis. In order to determine the market interest rate and quantity of available loanable funds, you must find the equilibrium point for the market supply and demand curves. Using the information presented in the graph, you can see that the prevailing market interest rate is 10% and there are $50 billion in loans made.
1. a. Wayne projects that if he takes a loan to open another gym franchise, he will earn lower return than the interest rate he would have to pay, he decides against it.
2. e. 10%
3. e. $50 billion
What is the situation represented by the graph?Projects that guarantee a return that is less than the going interest rate won't be funded, as shown by Point A.
Wayne won't decide to expand his gym chain since the return it promised is less than the loan rate he would have to pay. This situation fits point A. The graph's remaining three situations are similarly each represented by a quadrant.
Because Janine anticipates a rate of return greater than the interest rate, which is indicated by the demand curve above equilibrium, she decides to take out a loan and grow (the upper left).
The market for loanable funds functions similarly to a standard supply and demand model, with the quantity of loanable funds on the horizontal axis and the interest rate on the vertical axis (the cost of borrowing). You must locate the equilibrium point for the market supply and demand curves in order to ascertain the market interest rate and the amount of loanable funds that are readily available.
You can see from the graph's data that there are $50 billion in loans made and a market interest rate of 10% is currently in effect.
Hence, the appropriate responses are option a, option e, option e respectively.
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Suppose a country is projecting a deficit of $20 million next year. Which of the following events would add most to the debt?
an increase in the deficit of $500,000
a 3% rise in the interest rate
an increase in tax revenues of $600,000
all of the above would increase the debt by the same amount
Philosophy of Mind studies only the brain and
how it affects the body and the outside physical
world.
O True
False
Philosophy of mind is the philosophical study of the nature of the mind, mental events, mental functions, mental properties, and consciousness, and of the nature of their relationship with the physical body: the so-called mind-body problem.
No, the philosophy of Mind does not studies only the brain and how it affects the body and the outside physical world. So, the correct answer is False
A subfield of philosophy called philosophy of mind investigates the nature and ontology of the mind as well as how it interacts with the body. The hard problem of consciousness and the nature of particular mental states are addressed, but the mind-body dilemma is a paradigmatic topic in philosophy of mind. The mind's ontology, the nature of cognition and thought, and the connection between the mind and body are some of the aspects of the mind that are being explored. Other aspects of the mind that are being examined are mental events, mental functions, and mental qualities.
The brain is not the only element that is explored in the philosophy of mind, but it is unquestionably a significant component.
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When members of a family system are over involved with each other's affairs and are over concerned with the details of each other's lives, they are said to be:
An enmeshed family is a kind of family system where family members are usually involved with each other's affairs.
What is an enmeshed family ?An enmeshed family serves as the type of the family system that are mote concerned about the affairs and well being of each other.
Therefore, enmeshed family usually look out for each other and care about each other.
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What do the 20 towns that Saleemul Huq plan have in common
Answer:They have at least 1 million residents
Explanation:
The 20 towns that the Saleemul Huq plan has in common is the approximate population that was present in that region.
What is Saleemul Huq's plan?The Least Developed Countries' participation in the United Nations Framework Conference on Climate Change is now being supported. He is looking into the effects of adaptation strategies and how vulnerable countries with little development are to climate change.
About 20 subsidiary towns across the nation with a present count of around 500,000 could each take in another 500,000 migrants and a program is being developed to transform these secondary places into climate-resilient, immigrant-friendly communities. This was the most common thing that was presented in the region of these 20 towns under the plan.
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Consider the information about the economy of Pakistan. Note that the currency of Pakistan is the rupee.
The government purchases: 2.60 trillions of rupees.
Individuals consume: 11.50 trillions of rupees.
Individuals save: 5.54 trillions of rupees.
Businesses invest: 1.35 trillions of rupees.
Foreigners spend: 0.57 trillions of rupees to purchase Pakistani firms.
Pakistan imports: 2.00 trillions of rupees.
Pakistan exports: 1.24 trillions of rupees.
Calculate Pakistan's GDP. Assume that the values are all current and no conversions need to be made. Give your answer in terms of trillions of rupees, and round to two decimals.
Pakistan's GDP: ___________________ trillions of rupees
Answer:
Pakistan's GDP = 14.69 trillions of rupees
Explanation:
Gross domestic product is the total value of all final goods and services produced in a country. In this question, savings and foreign purchases of businesses were distractors. Since GDP is a measure of the production of an economy, you only include final goods and services. While savings and foreign investment are important to any economy, they are not final goods and services.
Pakistan's GDP = Individual consumption + Businesses invest + Government purchases + Net exports
Pakistan's GDP = 11.50 + 1.35 + 2.60 + (1.24 - 2.00)
Pakistan's GDP = 11.50 + 1.35 + 2.60 - 0.76
Pakistan's GDP = 14.69 trillions of rupees
Assume the economy can produce either sports utility vehicles (SUVs) or minivans. The graph below depicts the current production possibilities frontier (PPF). Suppose the economy experiences a large increase in immigration. Move the end points of the PPF below to show how the PPF changes. Assume that the increase in immigration affects the economy's ability to produce both minivans and SUVs.
This is an example of:
a. economic contraction.
b. economic stagnation.
c. economic recession
d. economic growth.
Answer:
d. economic growth.
Explanation:
When the economy experiences a large increase in immigration, labor, a factor of production, increases. An increase in a factor of production will cause the PPF to shift outward, away from the origin because it can now produce more minivans and sports utility vehicles. This is an example of economic growth because the economy can produce more of all goods.
Economic contraction and recession both refer to an economy, for whatever reason, producing fewer goods and services than previously. Economic stagnation refers to an economy which is neither increasing nor decreasing its production possibilities.
what is the most serious threat to biodiversity
Answer: Climate change was ranked as a 6% risk to Earth's biodiversity. WWF's Living Planet Report 2020 has ranked the biggest threats to Earth's biodiversity. The list includes climate change, changes in land and sea use and pollution. The WWF used data from over 4,000 different species.
Explanation:
I hope that that’s the answer you were looking for
How does a resource change if it is considered to be scarce?
Answer:
Explanation:
Because the more resources a company or someone wants it will eventally be limited or run out, as you used up all the resources.
Explain the difference between a mixed market economy and a mixed command economy
In a sentence provide a definition for each of the terms below. 1. stalemate 2. demilitarized zone 3. containment 4. censure 5. perjury 6. subversion 7. blacklist 8. airlift 9. inflation 10. iron curtain 11. Cold War 12. closed shop
pls help
The meanings of the words are given below.
1. Stalemate is a drawn contest.
2. Demilitarized zone is an area, agreed upon between the parties to an armed conflict, which cannot be occupied or used for military purposes by any party to the conflict.
3. Containment is the action of keeping something harmful under control or within limits.
4. Censure expresses severe disapproval of (someone or something), especially in a formal statement.
5. Perjury is the offence of wilfully telling an untruth or making a misrepresentation under oath.
6. Subversion refers to the undermining of the power and authority of an established system or institution.
7. Blacklist is a list of banned or excluded things of disreputable character.
8. Airlift is a system of transporting cargo or passengers by aircraft often to or from an otherwise inaccessible area.
9. Inflation is a hypothetical extremely brief period of very rapid expansion of the universe immediately following the big bang
10. Iron curtain is a political, military, and ideological barrier that cuts off and isolates an area
11. Cold War is a conflict over ideological differences carried on by methods short of sustained overt military action and usually without breaking off diplomatic relations
12. Closed shop is an establishment in which the employer by agreement hires only union members in good standing.
Semantics
It is the study of meanings. The dictionary or conceptual meaning is the denotative meaning.
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…Need help please?
Subject: Economic
Answer:
C. Managing inflation
Explanation:
✓ Open market operations are the key means by which a central bank controls inflation, money supply, and prices.
✓ Hopefully this helps you!
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Answer:
It is determining tax rates, but also preventing recession.
Explanation:
Central banks are responsible for overseeing the monetary system for a nation (or group of nations), along with a wide range of other responsibilities, from overseeing monetary policy to implementing specific goals such as currency stability, low inflation, and full employment.
The Federal Reserve acts as the U.S. central bank, and in that role performs three primary functions: maintaining an effective, reliable payment system; supervising and regulating bank operations; and establishing monetary policies.
South World has a total debt of $10 million and an annual GDP of $5 million. It currently pays 4% interest on its debt every year. What percentage of annual GDP does interest on the debt represent?
4%
50%
15%
8%
Suggest a way to produce skilled human resource in your school,
Answer: Some of the measures to produce skilled human resources in the country are:-
Providing practical and quality education to all.
Developing technical and vocational education system according to the need of the country.
Updating knowledge with developed information technology.
Formulating scientific education policy as per the demand of time.
By applying these measures a country can produce skilled human resources to utilize the natural means and resources for the development.
I hope this answer helped you! ^-^
Explanation:
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How did voting in ancient Rome change over time?
A. Citizens started to vote on what was best for the whole of the Roman Empire.
B. Citizens only voted for what was best for the community
C. Citizens were required to vote based on the needs of others and not themselves.
D. Citizens began to vote based on self interest or what was best for themselves.
Answer:
D
Explanation:
Monopolies are usually harmful to economies because they:
The boundary between the Pacific Plate and the Australian Plate is a transform boundary. What event is likely to occur at this boundary?
Answer:
seafloor spreading
Explanation:
Why might some african countries use a European language as "trade language”?
They answer is because they are forced to.
It is a more common language. The country is still a colony.
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This is a massive ball of plasma that shines because of thermonuclear fusion
Answer:
star
Explanation:
huge ball of ionized gas (plasma) producing energy (light) by nuclear fusion. The visible surface of the sun (photosphere) is ~5700K. An object at this temperature emits most of its. energy as visible light
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Lilliput is a country that has closed borders and does not import or export any goods or services; hence, they do not worry about trade with other countries.
Total spending for the federal government of Lilliput for the last fiscal year was $24.19 billion. The country collected $22.9 billion in taxes during this same fiscal year. Assume government transfers were zero.
Based on this information, what is Lilliput's budget balance? Enter your answer to two decimal places.
budget balance: $_____________ billion
In the last fiscal year, Lilliput was running
a. a balanced budget
b. a budget deficit
c. a budget surplus
Answer:
$ -1.29 billion
b. a budget deficit
Explanation:
Subtracting Lilliput's federal revenues (taxes equaling $22.9 billion) from spending (expenditures equaling $24.19 billion) gives
federal revenue − federal spending − federal transfer payments = $22.9 billion − $24.19 billion = −1.29 billion
When tax revenue exceeds government spending, there is a budget surplus. When spending exceeds taxes, the country runs a budget deficit. When spending is equal to tax revenue, the budget is said to be balanced.
In this case, there is a budget deficit.
Which of the following is not a program managed as part of fiscal policy?
Corporate taxes
Unemployment benefits
Social Security
Mortgage rates