1. How is the 4IR unique. Explain with examples? 2. In the 4IR era, more wealth is created with lesser labour and funding. How can the 4IR influence this

Q: Give a well explained answer. What's the benefit of expenditure on R&D in an economy.

A: Research and development, or R&D, is the process of discovering and developing novel ideas,…

Q: Which was a theory introduced by Adam Smith? Select one: a. Theory of Population. b. Theory of…

A: Hi, thanks for the question. As per the guidelines we are allowed to attempt the first question. If…

Q: What are the small business that gained during the Covid19?

A: The Covid-19 is a new type of pandemic disease which was originated in the province of Wuhan in the…

Q: A: How can explain the micro economics in this advanced age? B: Define the term production?

A: Answer for A part:

Q: By using graph, explain how might a drought destroys half of all the farm crops for famers?

A: Drought is the situation when rain does not occur and all the land becomes barren. Moreover, drought…

Q: K Consider the following data: Country A B С Population. (millions) 11 20 4 Real GDP ($ billions) 52…

A: Gross domestic product refers to the final value of all goods and services produced in a territory…

Q: Essential Question: What role does individualism play in American society? Consider this question as…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What is the sector model used for?

A: The sector model, also referred to as the Hoyt model, could be a model of urban land use proposed in…

Q: Which of the FF. statements is correct. A. Even if a company has adopted the best technology…

A: The development of new and better manufacturing processes is referred to as technological…

Q: Which is microeconomics or macroeconomics? a) A comparison of alternative tax policies and thier…

A: Macroeconomics – It is the branch of economics that studies the entire functioning of a national…

Q: Why is it important for a good economic model topredict cause and effect?

A: Cause and effect refers to the relationship between two events in a way that the occurrence of one…

Q: 3. Imagine there is a monopolist with a cost function of C= 500 +5Q + ¹/4Q², and a demand function…

A: (A) Fixed cost is that part of total cost function which does not vary with quantity produced.Hence…

Q: Which of the following statement is true? In an individualistic society, an individual's identity is…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: 3.Answer the questions below. a.Explain what “brain drain” isand what are the reasonsfor it.…

A: Economic development refers to the increase in overall well-being of an economy. It has a greater…

Q: ial cost, $ nual income, $ per year -150,000 -250,000 20,000 40,000 nual expenses, $ per year 24…

A: For alternative ‘J’ Given, Initial cost = -250,000 Annual income = 40,000, Annual expense = -14,000…

Q: Economic crises were explained by Mill, Sismondi, and Marx (recessions). Explain how each came to…

A: Economic crisis is a period in the cycle of economy in which an economy faces problems in its…

Q: In transformationalism, countries become __________ a. All of these b. Powerless and powerful c.…

A: Transformationalism tries to strike balance between the hyper globalist who firmly believe in the…

Q: Explain this, Instead of utilizing humans to produce wealth, we have to utilize wealth to produce…

A: Human capability refers to the set of various functioning skills that an individual possesses in…

Q: What is the opportunity cost of investing in a physical capital?

A: According the Neo-classical theory of economics with respect to factors of production there are…

Q: The graph shows the demand for labor curve and supply of labor curve for an economy. Draw a point at…

A: A firm’s willingness to pay for each unit of labor it wishes to hire is shown by the labor demand…

Q: The capital earns an interest return on investment in the structure of production because A.…

A:

Q: When Main Street Bank buys new automatic teller machines, the quantity of land and natural resources…

A: An individual within the economy who decides to purchase assets can have a direct influence over the…

Q: Suppose that the price of sedans in the previous graph decreases from $25,000 to $20,000 per car.…

A: According to the Law of demand and supply, greater quantities of a commodity are supplied at higher…

Q: Countries like finlamd and norway are unlikely to suffere from the scarcity problem as defined in…

A: Financial Balloon in the economy is a situation where there is sudden surge in the prices of assets…

Q: Why did the Great Leap Forward fail? a. Crop failures and poor planning b. Privatization of…

A: The Great Leap Forward became an economic and social campaign led by using the Chinese Communist…