2. Juan has been doing some research on countries in Europe and Africa. Juan has observed that European countries are wealthier and that they have a higher percentage of workers who are college educated. Therefore, Juan concludes that sending more Africans to college will increase ecenomic growth and wealth in Africa. Discuss thevalidity of this conclusion.3. Imagine you are either a Classical economist or a Keynesian economist. Argue against the other side. List their primary beliefs and offer rebuttals from the other perspective.4. The slope of the AE curve is 80, What is the expenditure multiplier? Everything else the same, by how mach does equilibrium aggregate expenditure inerease if the follwoing occurs: 1. Exports increase from $1.75 trillion to $2.25 trillion., 2. Government expenditures on goods and services deerease from $2.0 trillion to $1.8 trillion,3. Investment increase from S1.2 trillion to $23 trillion.

Hi! thanks for the question but as per the guidelines, we answer only one question at one time.…

2. Juan has been doing some research on countries in Europe and Africa. Juan has observed that European countries are wealthier and that they have a higher percentage of workers who are college educated. Therefore, Juan concludes that sending mere Africans to college will increase ecenomic growth and wealth in Africa. Discuss the validity of this cenclusion.

2. Juan has been doing some research on countries in Europe and Africa. Juan has observed that European countries are wealthier and that they have a higher percentage of workers who are college educated. Therefore, Juan concludes that sending mere Africans to college will increase ecenomic growth and wealth in Africa. Discuss the validity of this cenclusion.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: A couple things that Mexico can do to raise money on the global capital market is to use either debt…

A: The flow of money across nations and regions is greatly facilitated by the global capital market.…

Q: Using the economic theory of fertility, analyze the expected impact of the total fertility rate and…

A: The economic theory of fertility is a framework for understanding the factors that influence…

Q: Immigrants Are Welcome Here: A Case Study of Immigration in Malaysia Monday, April 3rd, 2017…

A: As the report on immigration in Malaysia concludes:- "Overall, their study found that immigration…

Q: Q1. What recommendations can be given to GCC policymakers to avoid negative economic growth. Q2.…

A: Negative economic growth happens when the output level of the economy falls consistently. The growth…

Q: In a capitalist economy, is income inequality necessary for economic growth?

A: - Income inequality is the unequal income distribution between different entities in society. It is…

Q: The debate focuses on the job outsourcing in the steel-rod industry. A congresswoman from a state…

A: A developed economy has the financial stability to establish higher number of firms and it has a…

Q: Which of the below statements is INCORRECT for "human capital"?

A: People who are divided into the workforce are called human resources/capital. By contributing to…

Q: Assume we are investigating gender differences in labor market outcomes and we are analyzing…

A: Employee discrimination refers to unfair treatment of employees based on their personal…

Q: Immigration into the United States has kept the US population younger, on average than the…

A: Immigration: The process through which people become permanent residents or citizens of another…

Q: Immigrants Are Welcome Here: A Case Study of Immigration in Malaysia Monday, April 3rd, 2017…

A: The World Bank's Malaysia Economic Monitor, dispatched today, centers around the basic job that…

Q: Consider Romer Model 2. Suppose there are two countries, rich and poor one. Both countries have the…

A: The endogenous growth theory is the concept that economic growth is due to factors that are internal…

Q: why would expanding the nation's communication network be considered an increase in wealth, while…

A: Development of communication system is seen as increasing the wealth of the nation because the…

Q: Describe how the usage of a point system that results in increased acceptance of relatively…

A: Immigration can in the process, increase labor market competition, especially in industries that…

Q: 1) Using the most recent Occupational Employment Statistics located at the US bureau of labor…

A: Wage growth is the expansion in wages over the long run. It is normally estimated as the rate change…

Q: The statements relate to immigration or inequity as it relates to immigration. Identify each…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Recent studies investigating the inter-generational evolution of income distributions show that in…

A: The Galor and Zeira model is an economic framework that examines the relationship between…

Q: Why is each of these statements somewhat misleading, based on economic principles? Explain (a)…

A: Economic migrants refer to form a potentially large group that includes people entering a state to…

Q: The economic model of Human Capital Investment assumes that individuals choose their path through…

A: The human capital theory posits that people can build their useful limits through more prominent…

Q: If these population changes were only due to human migration, what conclusions could be made, based…

A: Answer: Introduction: Immigration: Immigration means the movement of people to a foreign country for…

Q: n equilibrium, we know that workers must be compensated obs that require higher levels of investment…

A: A progressive can be described as a type of tax system where the tax rate rises as the taxable…

Question

2. Juan has been doing some research on countries in Europe and Africa. Juan has observed that European countries are wealthier and that they have a higher percentage of workers who are college educated. Therefore, Juan concludes that sending more Africans to college will increase ecenomic growth and wealth in Africa. Discuss the
validity of this conclusion.
3. Imagine you are either a Classical economist or a Keynesian economist. Argue against the other side. List their primary beliefs and offer rebuttals from the other perspective.
4. The slope of the AE curve is 80, What is the expenditure multiplier? Everything else the same, by how mach does equilibrium aggregate expenditure inerease if the follwoing occurs: 1. Exports increase from $1.75 trillion to $2.25 trillion., 2. Government expenditures on goods and services deerease from $2.0 trillion to $1.8 trillion,
3. Investment increase from S1.2 trillion to $23 trillion.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Oscar and Gwen live in Portland. Oscar’s net present value of lifetime earnings in Portland is $135,000, while Gwen’s is $450,000. The cost of moving to Memphis is $25,000 per person. In Memphis, Oscar’s net present value of lifetime earnings would be $145,000, while Gwen’s would be $520,000. If Oscar and Gwen choose where to live based on their joint well-being, will they move to Memphis? Is Oscar a tied-mover or a tied-stayer or neither? Is Gwen a tied-mover or a tied-stayer or neither?
The textbook discusses some strategies for correcting for ability bias when trying to estimate the rate of return to education. a) Explain ability bias. b) Discuss the method of using data on identical twins to control for ability bias. c) Discuss the method of using certain birth dates to control for ability bias. The Textbook: Labor Economics, 8th Edition, by George Borjas, published by McGraw-Hill.
下午 3:42 1月14日周五 32. Factors contributing to the rise in world hunger include all of the following EXCEPT (A) unequal distribution of available food supplies (B) loss of or decline in arable land (C) increasing rate of population growth (D) increasing poverty in developing countries (E) increasing consumption of vegetable protein in place of meat protein
Q4. Suppose that two pre-industrial societies have the same technology and marriage and other institutions, but one of them has a higher murder rate than the other. Depict the two societies on ONE diagram of Malthusian framework. Also, comment on what will be the difference in living standards and population? (Note: You must show the impact and transitions using the Malthusian framework including all required labeling and support your answer with brief reasoning. )
Claudia Goldin argues that married women's labor force participation increased in the US during 1930s and 1950s due to the following developments Increased demand for office and other clerical workers with the new information technologies Increase in high school enrollment and graduation of women from 1910 to 1930 Decline in fertility rates and increase in divorce rate a and b
Economics Suppose output per worker in the US is four times (4.0) output per worker in China. Suppose capital per worker in the US is twice that of China. You should assume that the share of capital in income is 40 percent for both countries. Total factor productivity (A) for the U.S is. A)Four times higher (4.0) than China B)U.S TFP is beľow China. C)US TFP is twice (2.0) as high. D)U.S TFP is equal to China. EJU.S TFP is 3.2 times higher than China.
Laura McBride, First Nations Director, and Curator for the Australian Museum stated that, "until historic inequities are addressed, the gap between Indigenous peoples and non-indigenous Australians will only continue to widen". Consequently, the inability of indigenous Australians to fully participate in decision-making and have unencumbered access to the economic and cultural wealth they hold, disproportionately exposes them to complex disadvantage. Critically discuss this viewpoint by answering the following questions: a) Assess and explain the current status of participation of indigenous Australians in the economy. To what extent has the Commonwealth (federal) government supported job creation, and encouraged the translation of First Nations people's knowledges, assets, interests and rights into tangible, economic benefits for their communities? b) The Commonwealth (federal) government has traditionally focused on creating training and employment pathways for First Nations people,…
Suppose that education is the only factor that affects productivity and that an additional year of education raises wages by 2%. Suppose in 2011 gender wage gap was 13%, and the average man had 15 years of education while the average women had 14 years of schooling. a) Using the wage gap decomposition technique, calculate how much of the 13% wage differential is due to discrimination? b) Now suppose in 2021 the gender wage gap is 10%, but the average woman’s education level is increased to 17 year and the average man’s education increases to16 years. (Assume that the return to education stays same at 2%), Was there a decrease or an increase in wage discrimination in the decade? Why?
Show how a fall in the matching efficiency technology can effect output, wages, the unemployment and vacancy rates. How could economists differentiate this from a fall in labor productivity if they could view the four above pieces of data over many years? [In other words, how would these two events produce different patterns in the data?]
Consider the standard Harris-Todaro framework for rural-urban migration from class. I.e. there is a minimum wage in the formal urban sector and urban residents who fail to get a formal sector job wind up unemployed. In contrast, the agricultural labor market has no frictions. Now let's imagine that, due to climate change and mismanagement of water resources, the water table falls, reducing the marginal product of labor - and hence the wage - in the rural, agricultural sector. What effect would this have on the unemployment rate in urban areas? Choose the best option A. The urban unemployment rate would go up. B. The urban unemployment rate would stay the same. C. There is not enough information to determine what will happen to the urban unemployment rate. D. The urban unemployment rate would go down.